The Iowa Corn Growers will be the title sponsor for the Iowa Corn Indy 250 next year at the new Iowa Speedway in Newton. Iowa Corn, Iowa Speedway, and the Indy Racing League made the announcement yesterday at the Iowa State Fair in Des Moines.

The race will be held on June 24, 2007 and will “showcase ethanol before a live national television audience.”

“This is a great opportunity to show the entire U.S. that ethanol is a winner,” said Kyle Phillips, ICPB chair-elect and a corn grower from Knoxville. “With all the Indy Racing League cars running on 100% ethanol in 2007, it’s an ideal fit.”