Austin News

Governor Greg Abbott of Texas praised the Formula 1 (F1) Lenovo United States Grand Prix as a significant economic driver for the state. The governor, alongside COTA Chairman and Co-Founder Bobby Epstein, hosted the F1 car presentation in front of the Governor's Mansion in Austin.

In his statement, Governor Abbott emphasized the importance of the F1 race in attracting international tourists to Texas and showcasing the state's attractions. He stated, "Texas is the proud home of the F1 Lenovo United States Grand Prix at Circuit of The Americas, as we bring more tourists to Texas and showcase all the great things our state has to offer." The governor highlighted the positive impact of the race on local businesses, stating, "This is great for bars, restaurants, and entertainment locations in the area. Texas is home to more Fortune 500 companies than any other state, including Oracle, which has its logo on this car here today. F1 in Austin is an economic boon to Texas."

During the event, Chairman Epstein presented Governor Abbott with a special aggregate made from COTA's original racetrack, commemorating the 10th Formula 1 United States Grand Prix held in Austin in 2022.

The Formula 1 United States Grand Prix, held annually at Circuit of The Americas since 2012, is one of the world's premier entertainment events. It attracts thousands of visitors to Austin each October and is the longest-running Formula 1 World Championship event held in the United States. The race is set to continue in Texas through 2026.

The Formula 1 Lenovo United States Grand Prix at COTA serves as a significant economic driver for Texas, bringing in tourism and stimulating local businesses. Governor Abbott's support and recognition of the race's impact highlight the importance of F1 in Austin's economy.

To find out more, go to this link: https://gov.texas.gov/news/post/governor-abbott-lauds-formula-1-as-economic-driver-for-texas