Penske Entertainment Corp. says it is taking several new steps related to it Race for Equality & Change initiative, including creating a more diversified workforce and introducing more minority students to the racing industry.
The owner of the Indianapolis Motor Speedway and INDYCAR says the initiative, which was unveiled during this year’s Brickyard 400 weekend, represents efforts to support diversity and inclusivity across the sport.
Penske says it is establishing a procurement program to increase the number of minority-owned businesses that contract with INDYCAR and the speedway each year.
The company says it is also expanding its relationship with NXG Youth Motorsports Inc., a nonprofit that introduces minority students to motorsports.
IMS says NXG has introduced more than 1,000 boys and girls ages 11 to 16 to the educational benefits that can be derived from performance driving.
It uses racing as a training tool for life-skills development and classroom participation.
“NXG uses the world of motorsports to provide students access to STEM curriculum, career pathways and valuable life lessons,” said Penske Entertainment Corp. President & Chief Executive Officer Mark Miles.
Students are introduced to motorsports-related careers, such as engineering, marketing, management, food service, and health and fitness.
Penske has also named Jimmie McMillian chief diversity officer for Penske Entertainment Corp. McMillian has been senior corporate counsel for IMS and INDYCAR since 2016.
He is now responsible for leading the implementation of vital Race for Equality & Change pillars.
“Jimmie is an impactful leader and a strong voice for inclusivity and diversity,” said Miles. “His experience, perspectives and community relationships will be a tremendous asset in this role. We’re grateful to have him guiding this significant and important effort for us.”
Miles says the company is committed to recruit and develop a diverse workforce throughout all levels of INDYCAR and IMS.