BROWNSBURG, Ind. -- The Brownsburg Economic Development Commission approved $80 million in bonds for the development of an initiative known as "Project Falcon."

According to a resolution that was approved on Oct. 16, the commission approved the issuance of economic development revenue bonds worth up to $80,395,000. The funds are intended to finance an initiative known as Project Falcon, which will include the construction of a lab and production facility near the Ronald Reagan Logistics Park West Allocation Area and the North Beltway Economic Development Area.

The resolution did not provide the name of the developer behind the project. The project is projected to create 304 new jobs, offering hourly wages of $45.90 and 1,776 retained jobs at $40.71 an hour. The project will see around $3

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