Indiana News

Purdue Survey Highlights Motorsports Industry

12/6/2012


(wibc.com photo by Reed Parker)

A new study by Purdue shows the impact of the motorsports industry in the state of Indiana.

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The industry contributes more than 23,000 jobs in the state, which has doubled within the last 8 years. The industry is indirectly responsible for 421,000 jobs. The study shows the average annual wage is nearly $63,000, which is well above the state average of $39,700.

Indiana Motorsports Assocation (IMA) President Tom Weisenbach says 91 of Indiana's 92 counties has at least one motorsports business. The state is one of the top three locations worldwide, with the others being North Carolina and England. Weisenbach says the industry concern is the workforce, which is why they're working with the state's colleges and universities.

Weisenbach says they've spent a lot of time with Purdue, IUPUI, Ivy Tech and Vincennes, which has a machining program to train in advanced manufacturing. Weisenbach says several motorsports businesses have told the association that the last two years have been good for business, despite the slow economy. Weisenbach says 65-percent of the motorsports businesses expect to grow within five years.

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