By on March 25, 2014

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Motorsports enthusiasts sometimes don’t realize that behind the glamour of car and motorcycle racing we see on television there is an extensive support industry that makes everything from specialized dipsticks to complete racecars. Much of that industry is located in three locations around the globe. England’s so called Motorsports Valley is where 8 of the 11 F1 teams have their race shops within about an hour’s drive from the Silverstone track, in  Northamptonshire, Oxfordshire and the South Midlands. About 45,000 people in the UK make their living from motorsports. In the U.S., the racing industry is primarily centered, not surprisingly, around Indianapolis, Indiana and Charlotte, North Carolina, home of the Indianapolis 500 and NASCAR, respectively. It should also come as no surprise that Indiana’s Purdue University and the University of North Carolina at Charlotte have both examined the economic impact of motorsports in their states. Purdue reports that more than 23,000 people are employed directly by the motorsports industry in Indiana which in turn are responsible for another 423,000 indirect jobs. A decade ago UNC Charlotte found that motorsports then contributed $5 billion to the North Carolina economy. (Read More…)

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