Racing and corn are Indiana trademarks. Bring them together at The Indianapolis Motor Speedway during the Nascar Three National Series and celebrate the six-million mile marker, it doesn't get better.
"Reaching this milestone for American Ethanol in Indiana is especially significant, because in addition to being known as the racing capitol of the world, we have also earned a reputation as an important ethanol hub for our country, ranking 6th in the nation for ethanol productions," said Ken Parrent, director of biofuels for Indiana Corn Marketing Council.
"The commitment by NASCAR, Richard Childress Racing and American Ethanol means a lot to the corn farmers and ethanol producers who live here and to racing fans everywhere who support our cause," Parrent said.
A report updated earlier this summer by ABF Economics and released by the Indiana Corn Marketing Council, demonstrates Indiana ethanol industry's force on the Hoosier economy.
Ethanol in Indiana, By the Numbers
• 6th largest producer of ethanol in the country
• $538 M in gross state product
• $42 M in state and local taxes
• 4,100 full time jobs supported by ethanol industry in Indiana
• $232 M in labor income
• 12 operating ethanol plants
• 1 billion gallons of ethanol production capacity
• 13 times greater ethanol production for the state than in 2000
"While ethanol production is not a labor-intensive industry, every direct job in ethanol production supports six additional Indiana jobs," said Parrent.
"The study – Contribution of Ethanol to the Economy of Indiana – shows that in 2013 Indiana's ethanol industry supported more than 4,100 full time jobs and generated labor income of $232 million. State and local tax coffers also received $42 million from Indiana's ethanol industry."