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
Matheus Leist
 
Freedom 100 Winner Leist Completes AJ Foyt Racing Lineup for 2018
AJ Foyt Racing announced that 19-year-old Matheus Leist – from Novo Hamburgo, Brazil – will team with veteran Brazilian Tony Kanaan in the upcoming season.
Read More
TK Foyt Ride
 
Kanaan Looks Forward to May in Indianapolis with AJ Foyt Racing
As Tony Kanaan prepared to sign last month with AJ Foyt Racing for the 2018 Verizon IndyCar Series season, the veteran driver did so with goals still to accomplish in mind.
Read More
Legends Sale Announcement
 
Race Fans Can Start Holiday Shopping Engines, Get Great Deals Nov. 18 at IMS
Race fans can get a turbocharged start to their holiday shopping at the 2017 End of Season Sale on Saturday, Nov. 18 at the Indianapolis Motor Speedway, with great deals available on a wide variety of IMS and INDYCAR apparel, collectibles and more.
Read More
Indy 500 Tickets On Sale Now
 
Month of May 2018 Tickets on Sale Now at IMS.com, IMS Ticket Office
Tickets for all Month of May events in 2018 at the Indianapolis Motor Speedway, including the fifth annual INDYCAR Grand Prix and the 102nd Indianapolis 500 presented by PennGrade Motor Oil, are on sale now at IMS.com and the IMS Ticket Office.
Read More
2018 INDYCAR Aero Kit Test
 
New Aero Kit Test Sets Stage for Wild Indy 500 in 2018
James Hinchcliffe says he learns something every time he gets to get behind the wheel of his Verizon IndyCar Series car. Because of that, he’s been relishing his role as one of the two drivers tabbed by Honda to conduct manufacturer aero kit testing for the car that will debut in the 2018 Verizon IndyCar Series season.
Read More
Items 1 - 5 of 552
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 IMS Sales Department at (317) 492-8739 or email at hospitalitysales@brickyard.com.
Latest Tweets
It's Pole day on @CrownRoyal Armed Forces Weekend & we can't wait to see you! Check out details on the day: https://t.co/yKQ6Db3YRK
May 21