The FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX offers unique benefits to the Las Vegas economy and infrastructure. The development of the racetrack and construction throughout the area has rejuvenated local roads and highways and contributed to economic development in the area through the creation of thousands of jobs.
- $1.5M
in cash and in-kind contributions to local organizations
- Nearly $1.5B
in total economic impact per applied analysis
- $77M
in tax revenue generated for State, County, and Local governments
- $22M
in tax revenue generated for Nevada schools
In 2019, Formula 1 launched its first-ever sustainability strategy with the ambitious goal of achieving net zero carbon emissions by 2030. The FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX is fully committed to this goal and is constantly exploring innovative ways to reach the net zero target.
OUR APPROACH TO
WATER CONSERVATION
In partnership with the Southern Nevada Water Authority as well as WaterStart and MGM Resorts International, the Las Vegas Grand Prix has launched a first-of-its-kind water consumption reduction pilot program to implement technologies that can reduce, and eventually offset, outside water consumption at large-scale sporting events. The initiative was piloted at the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX, using an atmospheric water generator (“AWG”) to capture moisture and convert it into drinkable water.
The Las Vegas Grand Prix aims to be the best possible steward of resources for the community of Las Vegas. The local water supply in the region has been steadily declining in recent years, and as Las Vegas continues to grapple with this issue, sustainable water usage is of utmost importance. With this innovative program, the Las Vegas Grand Prix is setting a new standard for water stewardship and how motorsport events operate throughout the world.
EVENT SUSTAINABILITY
Sustainability is at the core of our mission to reduce the carbon footprint in racing and create a positive environmental impact in Southern Nevada. We are steadfast in our approach to establishing a world-class event that showcases innovation while also accounting for local resource constraints.
As part of the event’s commitment to sustainability, the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX has instilled environmentally conscious practices, including:
- Replacing single-use plastics with eco-friendly alternatives
- Procuring Nevada-based renewable energy certificates (RECs)
- Recycling & minimizing waste throughout racing facilities
- Pursuing LEED Certification for the Pit Building
- Minimizing indoor and outdoor water consumption
- Implementing a food rescue plan
- Monitoring air quality
Established in 2022, The Las Vegas Grand Prix Foundation serves as the primary vehicle for bringing lasting positive change to Southern Nevada through motorsport. We are committed to pointing our resources toward some of the most pressing challenges facing families and communities in Southern Nevada.
The foundation has proudly engaged in partnerships with The Vegas Chamber and UNLV to provide greater business and educational opportunities for Las Vegas residents.
The Las Vegas Grand Prix Foundation is a 501(c)(3) organization.
NEARLY $1M IN TOTAL
FIRST YEAR CONTRIBUTIONS TO ORGANIZATIONS & PROGRAMS ACROSS THE STATE
