Three of IndyCar’s most prominent teams—Andretti Autosport, Rahal Letterman Lanigan Racing and Arrow McLaren SP—are investing a total of $250 million to expand their operations and add as many as 750 jobs in central Indiana.

In this week’s podcast, IBJ reporter Mickey Shuey takes on hosting duties and talks with IndyCar President Jay Frye and Rahal Letterman Lanigan co-owner Bobby Rahal about why teams are investing now and what it says about the state of racing globally and in the Indianapolis area.

But Shuey starts by talking with IBJ reporter Daniel Bradley to get the details about the teams’ expansions, which are taking place in the suburbs north of Indianapolis that he covers.

For more, read the story Shuey and Bradley wrote about IndyCar investments for the Oct. 14 issue of IBJ.

The IBJ Podcast is brought to you by Taft.