The City of Noblesville announced May 3 that it has been selected by BorgWarner as the site of a new technical center.
The facility will be built at the southeast corner of 141st Street and Olio Road, along the I-69 corridor, pending the approval of a development agreement that will come before the Noblesville Common Council at 7 p.m. tonight, May 9. The facility will focus primarily on propulsion system solutions for combustion, hybrid and electric vehicles.
BorgWarner is famous for its creation of the Indianapolis 500 trophy. Made in 1935, the trophy is still given today to winners of the race.
“We are excited to soon welcome BorgWarner to our community, bringing more than 300 high-wage jobs to the Noblesville Corporate Campus area, with plans for more growth in the years to come,” Mayor John Ditslear said. “Many Hoosiers know the BorgWarner name given their affiliation with the Indianapolis 500, but we appreciate even more so their proven track record as a market leader in clean, energy-efficient propulsion systems for the automotive industry.”
BorgWarner, based in Auburn Hills, Mich., will consolidate its Central Indiana operations that are currently performed in two separate facilities by combining research and development, testing, prototype building, engineering and design work.
As part of the agreement with the City of Noblesville, BorgWarner will begin construction on the $15 million, 100,000-square-foot, two-story building in June for an expected opening in 2018.
The company plans to purchase $13 million in new personal property, such as machinery and lap equipment, to be installed within five years.
If approved, BorgWarner will receive up to $3.8 million toward its costs of the approximately $28 million investment for land acquisition, construction and equipment costs to be incurred by the company. In addition, the city will reimburse the company for $309,000 in road and sewer impact fees.
To serve the project, the city will make improvements to 141st Street, build a private road south from 141st, extend sanitary sewer and storm water improvements and construct a detention pond. The city will be issuing a bond to fund these costs. And then the additional real and personal property taxes generated from the project will substantially fund all of the payments to repay the bond.
“BorgWarner’s emphasis on innovation and advanced research is perfectly aligned with our vision to attract and grow companies that will uniquely enhance the local economy,” Noblesville Economic Development Director Judi Johnson said. “We appreciate that BorgWarner selected Noblesville because it fit the needs of their workforce, and offered the best mix of infrastructure and amenities.”