News & Multimedia

IMS Events Add $510 Million Annually Into Indiana Economy

Events and operations at the Indianapolis Motor Speedway and associated motorsports businesses generate more than $510 million annually to the Indiana economy, according to a study by the Indiana University Public Policy Institute.

“This study shows how the Indianapolis Motor Speedway and its associated industries form a powerful engine that helps to drive the Indiana economy,” said Mark D. Miles, chief executive officer of Hulman & Company, the parent company of the Indianapolis Motor Speedway and INDYCAR. “The Super Bowl brought a tremendous economic impact to Indianapolis and Indiana in 2012, and this state is very fortunate that IMS, its events and associated industries deliver an even greater economic contribution every single year.”

The study addressed the direct and indirect economic contributions made by IMS through its operations, spending by out-of-state visitors to the Indianapolis 500, Kroger Super Weekend at the Brickyard and Red Bull Indianapolis GP annual events, and the presence of nearly all INDYCAR race teams and the Dallara facility in the Indianapolis area, which are attracted to Indiana due to the presence of the Speedway.

Notable statistics from the extensive study, which used data from 2010 through 2012:

  • An annual infusion of $510 million to the Indiana economy
  • Approximately 6,200 direct and indirect jobs in Indiana created by IMS events and operations, Indiana-based INDYCAR teams and the Dallara facility
  • More than $235 million in annual employee compensation at IMS and associated motorsports businesses
  • Jobs attributable to IMS comprise nearly 20 percent of all employment at racing industries within Indiana
  • Direct spending by IMS and associated motorsports businesses in 65 of 92 Indiana counties
  • Approximately 200,000 out-of-state visitors spent more than $145 million combined at the three IMS events in 2012. Visitors to IMS came from all 50 states and more than 50 countries.

“The Indianapolis Motor Speedway continues to play a major economic role throughout Indiana, providing thousands of good jobs for Hoosiers,” said Jeff Belskus, president and chief executive officer of the Indianapolis Motor Speedway. “The success of IMS and the growth of the motorsports business go hand-in-hand and combine to provide a potent economic force in our state.”

Delivering unbiased research and data-driven, expert analysis, the IU Public Policy Institute is a collaborative research arm within the Indiana University School of Public and Environmental Affairs. The Institute also supports the Indiana Advisory Commission on Intergovernmental Relations (IACIR).

“While racing is a sport that generates an annual Super Bowl of visitors, the analysis proves that it is also a high-tech, advanced manufacturing industry including not just drivers, but engineers, parts manufacturers and a wide range of firms that support the local economy,” said John Krauss, director, IU Public Policy Institute.

Show More Show Less
Now Viewing
Tickets For 2013 IMS Events on Sale
 
IMS Events Add $510 Million Annually Into Indiana Economy
Read More
Related Media
Lilly Diabetes 250
 
Lilly Diabetes 250 to Showcase NASCAR XFINITY Series' New Format
The Lilly Diabetes 250 will feature two heats and a main this season as the NASCAR XFINITY Series debuts a new format in four races. Four “Dash 4 Cash” races will have the new format and the race at the Indianapolis Motor Speedway is the last of the four on the schedule.
Read More
Melanie Astles
 
Female Pilot to Make History as She Joins the Challenger Cup for the 2016 Red Bull Air Race Season
French aerobatic champion Mélanie Astles is writing history as she becomes the first female pilot to join the Red Bull Air Race’s Challenger Cup. Two other new exciting pilots will also join her, Britain’s Ben Murphy and American pilot Kevin Coleman.
Read More
Red Bull Air Race
 
IMS Set to Make More High-Altitude History
The world’s most elite master class pilots will soar to new heights above the skies of the Indianapolis Motor Speedway this October in the newest addition to the Red Bull Air Race World Championship schedule. This historic announcement brings IMS’ legacy as a center for aviation innovation full circle and unites two iconic sporting traditions and global brands.
Read More
Indianapolis 500
 
Tickets On Sale Now for Historic 2016 Season at IMS
Tickets are on sale today for a sure-to-be legendary and historic season at the Indianapolis Motor Speedway. Fans who have not already pre-ordered tickets can visit the IMS ticket office or IMS.com to purchase their seats for the 100th Running of the Indianapolis 500 Mile Race and an action-packed slate of Verizon IndyCar Series, NASCAR and vintage racing at IMS.
Read More
Kyle Busch
 
Monday Racing Roundup: Kyle Busch Wins NASCAR Sprint Cup Title at Homestead
Finishing off one of the most remarkable comebacks in NASCAR history—indeed, in the annals of sport—Kyle Busch won Sunday’s Ford EcoBoost 400 at Homestead-Miami Speedway and, with it, his first NASCAR Sprint Cup Series championship.
Read More
Items 1 - 5 of 668
Reserve one of our hospitality suites for your next event!
To start planning your event at the Indianapolis Motor Speedway please fill out our Information Request Form or contact Laura Wyamn at (317) 492-8557 or email at lwyman@brickyard.com.
Latest Tweets
Countdown to 100 Days Kicks Off February 18 on the Yard of Bricks - RSVP by 3pm today! https://t.co/ezu6OC7Jf6 https://t.co/LCPXTxcocz
about 16 hours ago