WEST ALLIS, Wis. (CBS 58) -- Snap-on has been announced as the title sponsor for the NTT IndyCar Series race weekend at the Milwaukee Mile. Officials at Wisconsin State Fair Park confirmed the partnership Friday, Feb. 21 with the event scheduled for Aug. 23-24.

Founded in Milwaukee in 1920, Snap-on has been a racing partner since 1981 and is now entering its first multiyear title sponsorship agreement for the event. The company plans to commemorate its 105th anniversary at the race, with employees from its Milwaukee plant in attendance.

The Snap-on Milwaukee Mile 250 Weekend will feature a 250-mile IndyCar race on Sunday, Aug. 24, following a day of on-track activities and Indy NXT by Firestone races Saturday.

Ticket sales are expected to open in the coming weeks. Click here for updates as they become available.