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USMA To Study Economic Importance Of Motorsports
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The United States Motorsports Association (USMA) and Indiana University Purdue University - Indianapolis (IUPUI) announced today a partnership to conduct the first-ever nationwide economic impact study of Motorsports.
The Motorsports Impact Report (MIR) is slated to demonstrate the billions in economic impacts and other benefits competitive racing provides to the United States. In addition to economic figures the report will include additional motorsports benefits such as Military Innovations, STEM Education, Charity Contributions, USA Made Products, and Small Businesses as they relate to Motorsports in the U.S.
Essentially, this report will tell us just how important the motorsport industry is to the nation.
Over the last several months, a research team from the Sports Innovation Institute at IUPUI has worked with the USMA to design the framework and methodology for the study. The modeling, which has been titled “Follow the Race Car,” is an approach never taken before and will research much deeper than race event attendance and number of race tracks. This study will focus on the size, scope and economic activity generated from owning and operating an actual racing vehicle. The research will follow the money trail from the race car to the products, services, equipment and other spending that occurs nearly every weekend across the country.
"The really exciting part of this project is that we are uncovering new data and the true economic benefits of racing," said James Gladden, Executive Director of the Sports Innovation Institute. "I believe the report will be highly valuable to the industry, corporate sponsors, and public officials to gain a greater understanding and more complete story of the integration of racing in our economy."
Once completed, the USMA will release the report to the racing industry and will take the study around the nation, introducing the data to elected officials at the local, state and federal levels.
The USMA was formed in early 2015 after a group of motorsports interested companies collaborated and identified the need for greater data and better organization for competitive motorsports, especially at the grassroots levels. It was formed to manage the research effort and represent all platforms of racing across the country. Previously, there was not a national association for all competitive motorsports.
The USMA is a non-profit organization that exists to promote the powerful economic benefits of Motorsports and represent the industry across America.
Originally reported by PR Web.
The Motorsports Impact Report (MIR) is slated to demonstrate the billions in economic impacts and other benefits competitive racing provides to the United States. In addition to economic figures the report will include additional motorsports benefits such as Military Innovations, STEM Education, Charity Contributions, USA Made Products, and Small Businesses as they relate to Motorsports in the U.S.
Essentially, this report will tell us just how important the motorsport industry is to the nation.
Over the last several months, a research team from the Sports Innovation Institute at IUPUI has worked with the USMA to design the framework and methodology for the study. The modeling, which has been titled “Follow the Race Car,” is an approach never taken before and will research much deeper than race event attendance and number of race tracks. This study will focus on the size, scope and economic activity generated from owning and operating an actual racing vehicle. The research will follow the money trail from the race car to the products, services, equipment and other spending that occurs nearly every weekend across the country.
"The really exciting part of this project is that we are uncovering new data and the true economic benefits of racing," said James Gladden, Executive Director of the Sports Innovation Institute. "I believe the report will be highly valuable to the industry, corporate sponsors, and public officials to gain a greater understanding and more complete story of the integration of racing in our economy."
Once completed, the USMA will release the report to the racing industry and will take the study around the nation, introducing the data to elected officials at the local, state and federal levels.
The USMA was formed in early 2015 after a group of motorsports interested companies collaborated and identified the need for greater data and better organization for competitive motorsports, especially at the grassroots levels. It was formed to manage the research effort and represent all platforms of racing across the country. Previously, there was not a national association for all competitive motorsports.
The USMA is a non-profit organization that exists to promote the powerful economic benefits of Motorsports and represent the industry across America.
Originally reported by PR Web.
