The Indianapolis 500 Festival is an annual celebration held in Indianapolis, Indiana, leading up to the famous Indianapolis 500 auto race. This festival features a variety of events, including parades, concerts, and community activities, all designed to engage the public and promote the race. It typically takes place in May, culminating in the race on Memorial Day weekend. One of the festival's highlights is the 500 Festival Parade, which showcases floats, marching bands, and special guests, including the Indianapolis 500 drivers. The festival aims to foster community spirit and excitement around the race, making it a significant cultural event in the region.