Duke Energy is funding a study of the motorsports industry’s contribution to economic development in Indiana.
Duke is the state's largest provider of electric power. It awarded a $10,000 grant to the Indiana Motorsports Association (IMA) to help pay for studies to find all the racing-related companies in the state and estimate their economic impact, according to the Star.
IMA executive director Tom Weisenbach, says the initial stage is already under way.
"It seems hard to believe, but this will be the first time such a statewide directory has ever been put together," he said in a press release. "Early indications tell us there may be as many as 2,000 such companies in the state, maybe more."
Once the data is gathered, the IMA and the Center for Urban Policy and the Environment at Indiana University-Purdue University Indianapolis will look into the impact of motorsports in the state.
Auto and motorcycle racing began at the Indianapolis Motor Speedway track in 1909 and 1911.
More information is available on-line at: www.duke-energy.com and at the IMA website.
Posted by Holly Wagner