Center to Participate in Motorsports Study

August 25, 2010

Duke Energy is awarding $10,000 to the Indiana Motorsports Association to help pay for the cost of a two-stage project that will identify the state’s various motorsports-related companies and quantify the impact of the motorsports industry to the state’s economy.

The project’s first phase is to compile a directory of Indiana’s motorsports-related companies, according to Tom Weisenbach, executive director of the not-for-profit Indiana Motorsports Association. "It seems hard to believe, but this will be the first time such a statewide directory has ever been put together," said Weisenbach. "Early indications tell us there may be as many as 2,000 such companies in the state, maybe more."

The second phase of the project will be conducted by the IMA in conjunction with the Center for Urban Policy and the Environment at Indiana University-Purdue University Indianapolis. "Indiana is fast becoming attractive to a number of motorsports-based industries," said Drew Klacik, senior policy analyst at the Center who will oversee the study. "We want to identify why that’s the case and how the Indiana can capitalize on that even further."

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