INDIANAPOLIS — The 500 Festival announced today that a recent economic impact study revealed the 500 Festival events generate a significant tangible economic impact on the city of Indianapolis each year. In 2013, this amounted to $19.7 million in financial impact, including $5.5 million of direct spending by out-of-area visitors.
Each year hundreds of thousands of people from around the world embrace the month of May in Indianapolis. Last year alone, more than 500,000 people attended nearly 50 events and programs produced by the 500 Festival. The 500 Festival celebrates the spirit and legacy of the largest single-day sporting event in the world, the Indianapolis 500®. Enriching the lives of Hoosiers and visitors, 500 Festival events which are mostly free and produced largely by volunteers also enhance the image of Indianapolis and Indiana by showcasing the city and state’s cultural, educational and social benefits to the world.
