Ascent at SIA Drives $140M Investment

Posted: Updated:
(L to R) SIA Executive Vice President Tom Easterday, Governor Eric Holcomb, & Lafayette Mayor Tony Roswarski (L to R) SIA Executive Vice President Tom Easterday, Governor Eric Holcomb, & Lafayette Mayor Tony Roswarski

Subaru is planning another major investment at its Lafayette plant. At an unveiling ceremony for the new Subaru Ascent, Subaru of Indiana Automotive announced the automaker will invest more than $140 million into production of the SUV and plans to create up to 200 jobs. The company, which has more than 5,600 associates in Lafayette, says the move will help meet growing demand for mid-level vehicles in North America. The announcement comes two years after a previous expansion involving more than 1,000 new jobs.

SIA says, over the past four years, it has invested more than $1.3 billion and added 2,000 jobs.

Subaru debuted the Ascent earlier this week at the Los Angeles Auto Show. SIA also produces the Outback, Legacy and Impreza models. The company says it will purchase new machinery and equipment to produce the three-row crossover vehicle. With the added capacity, SIA says it will produce approximately 400,000 vehicles in 2018. Since the plant began operations 30 years ago, it has produced more than five million vehicles.

Governor Eric Holcomb, who joined SIA for today's announcement, says the automaker has sparked economic growth for 30 years, adding he's "confident they will witness continued success as we work to take Indiana to the next level by growing our economy and developing the skills of our workforce."

The Indiana Economic Development Corp. has offered the automaker up to $500,000 in training grants based on the job creation plans. Tippecanoe County and the city of Lafayette are also supporting the project. Lafayette Mayor Tony Roswarski says SIA has shown itself to be an employer that "offers jobs that can translate to lifetime careers."

When SIA made the $140 million investment announcement in 2015, Executive Vice President Tom Easterday said the company's 28 direct suppliers in the state and many more indirect suppliers would "grow right along with us." In 2013, the company announced $400 million expansion plans involving a new paint shop and upgrades to its engine assembly and stamping operations.

  • Perspectives

    • 2019 Economic Development Wishes For Indiana

      As we begin a new year, most Hoosiers are filled with hope and optimism for their families. Economic conditions continued to improve in 2018 and the outlook for 2019 is positive. There is much hard work ahead, but our state's leaders have proven that they can tackle major challenges and look to the future. Here are my top economic development wishes for Indiana as we begin a new year...



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • Hoosier Breweries Land Beer Festival Honors

      Four Indiana breweries have taken home top honors in the 2018 Great American Beer Festival in Colorado. The three-day event awards medals for excellence in more than 100 beer style categories.

    • Plans in Place For Long-Abandoned Indy Buildings

      The City-County Council in Indianapolis has unanimously approved $16.7 million in economic development tax increment revenue bonds for two high-rise redevelopment projects near the center of the city. Indianapolis-based Keystone Property Group is proposing to invest $80.4 million to transform the former AT&T Inc. building at Meridian and Ohio streets into a mixed-use property and $61.4 million to open an InterContinental brand hotel in the historic Illinois Building...

    • DOD Grant to Help Pilot Cybersecurity Project

      The U.S. Department of Defense has awarded nearly $2 million to the Indiana University Center for Applied Cybersecurity Research and the Crane Naval Surface Warfare Center. The funding will allow the two entities to continue work on their Principles-based Assessment for Cybersecurity Toolkit, or PACT.

    • Indianapolis Marketing Firm Acquired

      Two marketing firms in Indianapolis are combining into one. Mortenson Kim, which has offices in Indy and Milwaukee, has acquired Raidious in a deal it says will create one of the largest marketing communication agencies in the state.

    • Danny Tanoos (photo courtesy of our partners at WTHI-TV)

      Former Superintendent Charged With Bribery

      The former superintendent of the Vigo County School Corp. is facing bribery charges in Marion County. Our partners at WTHI-TV report Danny Tanoos, who currently serves as the director of safety and security for the district, will appear in court Wednesday morning.