Andretti Global, the parent company of Andretti Autosport, has announced plans to relocate its motorsports headquarters to Fishers. The company says it will invest $200 million to build a facility and create up to 500 new jobs by the end of 2026.
Its current operations are located on the northwest side of Indianapolis. The new 575,000-square-foot facility will be located on 90 acres near the Nickle Plate Trail, Ritchey Woods Nature Preserve and Indianapolis Metropolitan Airport.
“Indiana holds an important place in the history of racing, and in my career as a driver and an owner; I’m happy to confirm that the Racing Capital of the World will continue to be the home of our global racing efforts for a long time to come,” said Michael Andretti, chairman and chief executive officer of Andretti Autosport.
Andretti says the facility will serve as the headquarters and base of operations for the team’s NTT INDYCAR SERIES, Indy Lights and IMSA programs, as well as other future racing initiatives.
It will also house research and development efforts.
“Over the past 20 years, I’ve worked to expand our operations, and I’m proud of our steps to create a diverse racing portfolio. For us, it’s about more than just having somewhere to work on the cars; it’s about having a global motorsport home and sharing that with our people, our fans, and our sponsors to advance the sport and leave a lasting legacy,” said Andretti.
Andretti says construction is expected to get underway this fall and becoming operational by 2025.
In addition to day-to-day operations at the Andretti campus, the facility will also offer an indoor amphitheater, museum and innovation center that will be open to race fans.
“Partnering with Andretti to bring an incredible mix of innovation, visitor experiences and a commitment to the local community is a dream come true for this special property at the Indianapolis Metropolitan Airport,” said Fishers Mayor Scott Fadness. “Fishers will be a welcomed home for the future of Andretti, and I look forward to celebrating their successes together.”
The Indiana Economic Development Corp. is offering up to $19 million in conditional tax credits, plus $125,000 in training grants, based on the company’s plans. The incentives must still be approved by the IEDC Board of Directors.