NASCAR bought the Iowa Speedway in November and they now are going to promote the track’s location by naming the first Nationwide Series race after Newton.
The race on Sunday May 18th will be called the “Get to Know Newton 250″ presented by Sherwin Williams. Iowa Speedway president, Jimmy Small, says NASCAR donated the title sponsorship to the host city. Newton Mayor Mike Hanson says the city just kicked off its new “Get to Know Newton” branding in February.
The “Get to Know Newton 250″ will be televised live on E-S-P-N. State lawmakers passed this session, and the governor signed into law, a deal to allow NASCAR to keep up to nine million dollars in sales tax rebates from the state. The tax breaks had previously required ownership by someone in the state.