Event at governor's residence boosts motorsports industry, ISU program

May 24 2007

INDIANAPOLIS - Racing executives from the United Kingdom and other countries learned more about business opportunities in Indiana as well as the industry-oriented education provided by Indiana State
University during an event Wednesday (May 23) at the Indiana governor’s residence.

“There is no place where people know and love racing more than Indiana,” Gov. Mitch Daniels told dozens of business leaders.

“There is a shop in every small town in Indiana that can do excellent work to your standards and you will find an educational system - Indiana State being emblematic - that is excited about producing people. If you will tell us the kind of technician, the kind of talent that you’re looking for, we will produce it for you."

While there is legitimate excitement about prospects of expanding international trade in Asia, Britain and the U.S. have the largest business relationship between two countries in the world, Andrew Seaton, British counsel-general, noted.

“British companies are the biggest foreign investors in the U.S., just as U.S. companies are the biggest foreign investors in Britain, creating jobs and creating wealth, adding value in both directions,” Seaton said.

The UK-based Motorsport Industry Association’s seventh annual Indianapolis VIP reception was co-sponsored by ISU, Indiana Economic Development Corp., UK Trade and Investment, and Carter and Carter Group PLC. The event provided an opportunity for industry representatives to network with one another and with Indiana government and education leaders.

“If we were to make even one connection here that led to a new motorsports business in the state, it would be a terrific success,” said Gov. Daniels, who recently returned from a visit to Britain aimed at strengthening the business relationship between the two countries. “We’re very excited about the possibility to in-source motorsports businesses and the high-paying jobs that come with them to our state.”

Indiana State students who are members of Team Sycamore Racing were on hand with a dragster the team is building. The car, to be powered by a General Motors LS7 Corvette engine, will compete at tracks around Indiana. Students are responsible for building and driving the car and managing all aspects of the racing team.

“We’re really proud of what ISU is doing,” Gov. Daniels said. “They see an opportunity here that we have seen in state government. Motorsports is a bigger business than many Hoosiers realize - over $30 billion worldwide. The jobs that are in it are tremendous - they’re challenging, they’re cutting edge and they pay well. ISU has shown some real insight by moving into this area.”

For more information about Indiana State’s motorsports education program, a joint initiative of the colleges of Business, Health and Human Performance and Technology, call (812) 237-2000 or visit the Motorsports Studies Web site.

Contact: Guy Faulkner, director, motorsports initiative, Indiana State University, (812) 237-2026 or gfaulkner1@isugw.indstate.edu

Writer: Dave Taylor, media relations director, Indiana State University, (812) 237-3743 or dave.taylor@indstate.edu

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Story Highlights

Racing executives from the United Kingdom and other countries learned about business opportunities in Indiana as well as the industry-oriented education provided by Indiana State University during a Motorsport Industry Association reception at the Indiana governor's residence.

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