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Brownsburg EDC reviews 2024 annual report as Brian Herta Autosports announces relocation
Summary
At its meeting, the Town of Brownsburg Economic Development Commission reviewed the 2024 annual report, discussed industrial growth along Ronald Reagan Parkway and heard that Brian Herta Autosports will relocate to a 38,000-square-foot facility in Brownsburg, investing about $2 million and bringing 16 employees.
The Economic Development Commission of the Town of Brownsburg reviewed the department's 2024 annual report and heard that Brian Herta Autosports plans to relocate to a 38,000-square-foot facility at 474 South Pointe Circle, with an estimated $2 million in facility improvements and 16 employees expected to be on staff by fall 2025.
Ethan, head of the Economic Development Commission, told commissioners that the annual report—previously shared with the Town Council in February—shows a busy year for industrial development along the Ronald Reagan Parkway. "Overall, 11 new industrial buildings have gone up, representing a little under $200,000,000 in capital investment," Ethan said. He added that of those 11 buildings, eight are fully leased, two are partially leased and one completed in August remains open as it seeks tenants.
The report lists a total estimated commercial and industrial capital investment of $149,500,000 for 2024. Ethan said that figure is a sum of projects tracked through development services ($131,700,000) and projects that came directly through the town's economic development department ($17,800,000). He clarified the numbers reflect commitments from businesses and do not necessarily represent cash spent during 2024. "That is what business is committed to invest in 2024," he said.
Commissioners asked about the three economic development incentives approved in 2024 that are referenced in the packet. Ethan said the three were tax abatements: a personal property tax abatement for Postal Center International at the Park 136 building, and two real property tax abatements approved for JCM Racing to support an expansion and construction of an adjacent building intended for racing-related tenants. He also noted those abatements did not come through the EDC process.
On economic development outreach, Ethan said the town receives site-selection leads from the state economic development office (IEDC) and regional partners, including the Indy Partnership. He described a mix of inbound inquiries and partner-shared leads, and said staff matches available land or buildings in the town's inventory to prospective projects.
A commissioner raised a question about a large data-center approval in nearby Pittsboro and whether Brownsburg had been considered. Ethan said he could not speak to that specific project and noted data centers vary widely; some are heavy utility users and "we might be a little leery about chasing after that" if a project would be intensely utility‑dependent, while less intensive facilities might be suitable.
The commission also approved the minutes from its Feb. 6, 2025 meeting by voice vote.
No members of the public addressed the commission during the meeting; one person was present in the audience according to the record. The commission adjourned after the report discussion and routine business.
