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Racing Brings Money To Indiana Economy

by
racing
racing

The Motorsports industry has a big economic impact on the state economy.

A new Purdue University study shows the sector contributes more than 23,000 jobs that pay an average annual wage of nearly $63,000, well above the $39,700 state average.

The figures put the state’s motorsports industry nearly on par with the life sciences sector, which employs 48,000, pays an average of $68,000 and is indirectly responsible for 225,000 jobs

.Motorsports companies in Indiana also are linked to industries such as defense and aerospace, auto manufacturing and orthopedics, according to the study.In fact, technology used in race helmet design is helping produce football helmets that might reduce concussions, the study said.

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