The statistics are staggering for Wisconsin alone, yet Nationwide this is and remains a huge issue for the recovery of the events industry. Small businesses, hotels, restaurants, DMC's,AV companies, staging, etc. need Government help to stay afloat.
*The Wisconsin Hotel & Lodging Association reported from an internal survey that an estimated 47% of lodging facilities could close within 12 months without any loan or grant assistance. The survey also indicated that over 50% of Wisconsin hotel staff remains furloughed or laid off.
*Prospects for Wisconsin restaurants looked slightly better than the nationwide number — 37% — of restaurants that reported they were unlikely to still be operating in six months if no additional relief is available from the federal government.
*The Live Events Coalition recently surveyed businesses across the country, receiving over 1200 responses. The shocking truth that comes from asking just one question: “How much longer can you hold on and keep your business afloat, without further aid from the government?”
7.44% My business has already folded.
12.43% My business can make it less than another 30 days.
27.56% My business can make it for 30 to 90 more days.
20.85% My business can make it for 3 or 4 more months.
27.06% My business can make it for 5 to 9 more months
5.23% My business can make it from 9 months to more than a year.
4.66% My business will not be undone by COVID-19.
With federal relief efforts stalled and live event workers & businesses missing out on up to $1 trillion in income due to COVID-19 shutdowns, the industry is finding that the majority of its businesses will go under in the coming months, unless the stalemated U.S. Congress is able to deliver the next relief package soon. Continue to write to your Congressperson and let them know how important events are to the economy and how we need help now!
We are proud to announce that Dm-Connection & Events is now a member of the DMC Coalition. As we navigate through the unchartered territory of a pandemic and the aftermath, it is important than ever to be connected with colleagues from around the world and the DMC Coalition gives us that opportunity. Check out the link and see the resources available to members or non-members.
Dm-Connection & Events celebrates four years in business today. As I ponder how well everything has come together and the great clients my team had an opportunity to assist, 2020 threw everyone in the meeting/event industry a curve ball.
The meeting and live event industry has been decimated and we need the help and support of everyone to take immediate action here and send a letter to Congress asking them to support live event workers and the industry.
Tonight Milwaukee will be lit in red to show support of an industry that is hurting and hurting bad. Outside Fiserv Forum will be a 'non-event' which will feature an empty event set up to show the meetings and events industry has an economic impact of over $1 Trillion annually on the US Economy.
I know many small business owners that are on the brink of closing their doors, some have been in business for 20+ years. Many people have been laid off permanently and those people cannot afford to put food on their families tables. Another statistic: 77% of people in the events industry have lost 100% of their income, including 97% of 1099 workers.
Please help Save Live Events, don't let them go Dark! Thank you.
#WEMAKEEVENTSMKE #SAVELIVEEVENTS #REDALERTRESTART #EXTENDPUA #EVENTPROFS
something to think about...
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