The City of Noblesville and BorgWarner have agreed upon terms to bring the new Indiana Tech Center to Noblesville. The Noblesville Common Council approved the development agreement at its May 9 meeting.
The facility will be built at the southeast corner of 141st Street and Olio Road along the I-69 corridor.
“BorgWarner has a proven track record as a market leader in clean, energy-efficient propulsion systems for the automotive industry,” Mayor John Ditslear stated. “We know this new technical center in Noblesville will allow them to build upon that success of innovation and continue to grow.”
BorgWarner 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 into one open-concept building with interactive office environments and collaboration zones.
As part of the agreement with the city, BorgWarner will begin construction on the $15 million, 100,000-square-foot, two-story technical center in June for an expected opening in 2018. The company, based in Auburn Hills, Mich., plans to purchase $13 million in new personal property, such as machinery and equipment, to be installed within five years.
In return, 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. The city also will reimburse the company for $309,000 in road and sewer impact fees.
“I am excited for the City of Noblesville to welcome another great partner to our Corporate Campus,” said Noblesville Common Council President Megan Wiles. “BorgWarner is a global leader and we look forward to having their cutting edge technical center in our community. The momentum around development in the Corporate Campus continues to attract the type of leading international businesses and their employees that we want to have in Noblesville.”