Saturday, June 15, 2019 1:00 am
Indy transmission maker expanding
INDIANAPOLIS – Officials say manufacturer Allison Transmission is planning to expand in central Indiana, creating more than 300 jobs through 2020.
The company that makes propulsion systems for medium- and heavy-duty commercial vehicles announced the expansion Friday along with Indiana Gov. Eric Holcomb, Indianapolis Mayor Joe Hogsett and others as a groundbreaking was held for the company's Innovation Center in Indianapolis.
Allison Transmission plans to invest more than $400 million in its business. The Indiana Economic Development Corp. offered Allison Transmission up to $7 million in conditional tax credits and up to $50,000 in conditional training grants based on the company's plans.