Speedway economic impact in May is huge - WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC

Speedway economic impact in May is huge

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CONCORD, N.C. (WBTV) -

Most folks know that the activities at Charlotte Motor Speedway in May draw big crowds, but the economic impact is truly remarkable.

According to figures released on Thursday, the May events create more than $230 million in economic impact, and create at least 4200 jobs for the period.  

And all of that impact is specific to the Charlotte region.

That's what led to the proclamation that May is Motorsports Month in North Carolina.  

The document was signed on pit road Thursday by Governor Pat McCrory, speedway owner Bruton Smith, speedway president Marcus Smith, and even NASCAR's King Richard Petty and his driver Marcos Ambrose.

"Over 4200 jobs, and now it's starting to grow again, jobs are coming back to North Carolina in travel and tourism and the motorsports industry is leading the way," Governor McCrory said.
"We're using NASCAR and motorsports as recruitment to bring other industries to North Carolina."

The sport's all time victory leader also talked about the impact motorsports continues to have in North Carolina.

"It's new money coming into the state," Richard Petty told WBTV.  "I don't think the majority of the fans or the people just realize how important the racing fraternity is for North Carolina."

Several mayors from across the region were also present, including Concord Mayor Scott Padgett.  

"If I were the mayor of wherever they have the Super Bowl I'd be going around beating my chest saying hey we've got the Super Bowl, but we have something bigger here than the Super Bowl, and we have it several times a year," Padgett said.  "It's part of our identity and we're very proud of it."

Along with all of the other events drawing fans to the area this month, the Coca Cola 600 will run its 55th edition on the Memorial Day weekend.



 

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