Zipp Speed Weaponry is set to expand its design and manufacturing operations in Indiana, creating 105 new domestic jobs by 2013.
Governor Mitch Daniels was on hand at Zipp’s Speedway, Indiana facility for the announcement.
The expansion includes the construction of a 70,000 square-foot manufacturing and customer service center on the city’s northwest side, which is estimated to cost $12.4 million.
"Despite what we are experiencing in the national and global economy, there are great companies, like Zipp, that are continuing to grow and invest in Indiana,” said Governor Daniels. “Businesses are recognizing that Indiana is the place with a friendly environment for business and the new jobs being created by Zipp are evidence of that.”
Over 50-percent of Zipp’s sales come from outside of the United States. It currently employs nearly 130 at its manufacturing and design operations in Speedway. It plans to begin hiring additional manufacturing and customer support associates in the second quarter of 2010 in preparation for commencement of operations at the new facility in July.
“Zipp Speed Weaponry has its roots in innovation; our growth is driven by it,” said David Campbell, director of manufacturing at Zipp Speed Weaponry. “We are known for creating new products, and even new markets, within the cycling industry. Because Indiana offers an innovative, business-friendly climate with a great workforce, we decided to expand our HQ and manufacturing operations in Indianapolis.”
Zipp recently announced that the Astana Cycling team, including 2009 Tour De France champion Alberto Contador, will ride its wheels during the 2010 season.