From Rahal Letterman Lanigan racing this morning:
ZIONSVILLE, Ind. (Oct. 7, 2020) – Rahal Letterman Lanigan Racing (RLL), an automotive racing organization, announced plans today to expand its Indiana operations, establishing its global headquarters in Zionsville and creating up to 73 new jobs by the end of 2024.
“Indiana’s reputation as a leader in motorsports continues to pick up speed with companies like Rahal Letterman Lanigan choosing to invest in our state,” Governor Eric J. Holcomb said. “We look forward to supporting RLL’s continued growth in Indiana as the company leverages our state’s business-friendly environment and skilled workforce while racing to the checkered flag.”
The company, which has four entries in the NTT INDYCAR SERIES and International Motor Sports Association (IMSA)’s WeatherTech SportsCar Championship, will invest more than $20 million to build and equip a state-of-the-art racing headquarters at the northeast corner of Creek Way and 106th Street in Zionsville. The 100,000-square-foot facility, which will occupy 13 acres southeast of the downtown area, will allow RLL to consolidate its existing INDYCAR operations in Brownsburg, as well as its IMSA operations in Ohio. The new building will feature office and event space as well as automotive R&D and light manufacturing operations to support the dynamic functions of RLL’s racing teams. The company expects to break ground on its headquarters late 2020 and be fully operational by spring 2022.
“We are very excited about this project, and excited about being in a park-like setting in Zionsville,” said Bobby Rahal, co-owner of RLL. “We feel that this building will make a statement about who we are at RLL and what our intentions are about the future. Having our entire organization based in the Indianapolis area, in Zionsville, is going to be a big plus for our organization. We have done a great job of having two facilities, as is showcased by our wins in the Rolex 24 at Daytona and the Indianapolis 500 this season, but it is certainly demanding having people in two places. We have had time to really look at the building and design every aspect with input from our personnel to maximize the space.”
Founded in 1992, RLL is co-owned by three-time INDYCAR champion and 1986 Indianapolis 500 winner Bobby Rahal, former CBS Late Show host and Indiana native David Letterman, and Mi-Jack co-owner Mike Lanigan. This year, RLL earned its second Indy 500 win and first since 2004, when Takuma Sato also took home his second victory at the historic race. RLL’s INDYCAR team is also headlined by Graham Rahal, son of Bobby Rahal, who is a six-time winner in the NTT INDYCAR SERIES.
“We have been working on building a race shop for over five years and are now ready to move forward,” said Mike Lanigan, co-owner of RLL. “I am personally very excited and honored to be working with the town of Zionsville. I used to live in the area years ago and look forward to our team integrating ourselves into the community and their various programs. Having our racing teams under one roof will not only maximize our abilities, it will provide economies of scale to keep the cost down. That savings will enable us to reinvest more back into the company.”
Indiana is globally recognized as a leader in motorsports. Home to the “Racing Capital of the World,” Indiana welcomes visitors from around the world to Indianapolis for world-class racing events like the Indy 500, Brickyard 400 and IndyCar Grand Prix. Motorsports-related businesses operate in all of Indiana’s 92 counties, with more than 2,400 motorsports businesses like RLL supporting more than 421,000 motorsports-related jobs across Indiana.
“Our efforts to seek the right fit for Creekside Corporate Park have proven successful with Rahal Letterman Lanigan Racing expanding to Zionsville and choosing Creekside Corporate Park for their corporate headquarters,” said Zionsville Mayor Emily Styron. “In Zionsville, we have the best of both worlds – a thriving business community and an unparalleled quality of life. RLL fits in well with the local culture and business environment and I know their team will love being part of this community. We are thrilled to welcome RLL to town.”
The Indiana Economic Development Corporation will offer RLL up to $1.2 million in conditional tax credits based on the company’s job creation plans and up to $300,000 in conditional tax credits from the Hoosier Business Investment (HBI) tax credit program based on the company’s planned capital investment in Indiana. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
About Rahal Letterman Lanigan Racing
Rahal Letterman Lanigan Racing, based in Hilliard, Ohio and Brownsburg, Ind., is co-owned by three-time IndyCar Champion and 1986 Indianapolis 500 winner Bobby Rahal, former CBS Late Show host David Letterman and Mi-Jack co-owner Mike Lanigan. In 2020, the team is in the midst of their 29th year of open wheel competition and has 29 wins – including the 2004 Indy 500 from pole with Buddy Rice and the 2020 Indy 500 with Takuma Sato — their 33 poles, 107 podium finishes and 1992 series championship. The team also competed in the American Le Mans Series from 2009-2013 as BMW Team RLL where they won both the Manufacturer and Team Championships in the GT category in 2010 and swept all three GT titles in 2011 – Manufacturer, Team and Driver. In 2012, the team finished second in the Team Championship and third in the Manufacturer Championship and in 2013, the team finished second in the Driver, Team and Manufacturer Championship. Since 2014, BMW Team RLL has competed in the GTLM class of the IMSA WeatherTech SportsCar Championship with a two-car program and has brought their total to 22 wins – including the 2019 and 2020 Rolex 24 at Daytona endurance races, 28 poles and 82 podium finishes as well as a second place finish in the Manufacturer, Team and Driver championships in 2015 and 2017.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit http://www.iedc.in.gov.