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Hal McEvoy calls for US$250bn fund to protect attractions during pandemic
POSTED 24 Mar 2020 . BY Tom Anstey
McEvoy has called for a number of measures, including a US$250bn (€229.5bn, £212.1bn) Travel Workforce Stabilisation Fund Credit: IAAPA
"With your help, the amusement parks and attractions industry will be staffed and prepared to open its doors and continue to be the economic generator for local communities that it has always been"
– Hal McEvoy
IAAPA's president and CEO, Hal McEvoy, has urged the US government to support the attractions industry during the coronavirus crisis, urging the Senate to take immediate and extraordinary action to support the country's economy.

If the shutdown remains in place through June, IAAPA estimates a 40 per cent loss of jobs within the industry and a nearly US$12bn (€13bn, £11.1bn) loss of revenue.

McEvoy has called for increased funding and flexibility for Small Business Administration (SBA) loans, tax relief to mitigate economic losses and US$150bn (€137.7bn, £127.3bn) in secured loans and loan guarantees in the Coronavirus Aid, Relief and Economic Security Act to help the attractions industry through this period.

"Attractions are the economic driver in many of the local communities in which they reside. They are often the reason people come to the towns in which they are located, stay in hotels and eat in nearby restaurants," said McEvoy.

"More needs to be done to ensure the attractions industry and its workers can sustain the shutdowns.

"We urge you to include a US$250bn (€229.5bn, £212.1bn) Travel Workforce Stabilisation Fund within the Department of Treasury with US$150bn (€137.7bn, £127.3bn) in direct grants and US$100bn (€91.8bn, £84.8bn) in unsecured, no-interest loans to mitigate the damage caused by shutdowns and ensure the attractions industry and other related travel-dependent businesses which do not qualify for SBA can maintain employment.

"Amusement parks and attractions are closed at government direction in what is typically the start of the busiest season of their year with no end in sight. They have substantial fixed expenses, most important of which are employee wages.

"As each day passes, with no end in sight for when restrictions on travel and gathering will be removed, this industry is increasingly unable to support their employees.

"With your help, the amusement parks and attractions industry will be staffed and prepared to open its doors and continue to be the economic generator for local communities that it has always been."


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Jobs   News   Products   Magazine
NEWS
Hal McEvoy calls for US$250bn fund to protect attractions during pandemic
POSTED 24 Mar 2020 . BY Tom Anstey
McEvoy has called for a number of measures, including a US$250bn (€229.5bn, £212.1bn) Travel Workforce Stabilisation Fund Credit: IAAPA
With your help, the amusement parks and attractions industry will be staffed and prepared to open its doors and continue to be the economic generator for local communities that it has always been
– Hal McEvoy
IAAPA's president and CEO, Hal McEvoy, has urged the US government to support the attractions industry during the coronavirus crisis, urging the Senate to take immediate and extraordinary action to support the country's economy.

If the shutdown remains in place through June, IAAPA estimates a 40 per cent loss of jobs within the industry and a nearly US$12bn (€13bn, £11.1bn) loss of revenue.

McEvoy has called for increased funding and flexibility for Small Business Administration (SBA) loans, tax relief to mitigate economic losses and US$150bn (€137.7bn, £127.3bn) in secured loans and loan guarantees in the Coronavirus Aid, Relief and Economic Security Act to help the attractions industry through this period.

"Attractions are the economic driver in many of the local communities in which they reside. They are often the reason people come to the towns in which they are located, stay in hotels and eat in nearby restaurants," said McEvoy.

"More needs to be done to ensure the attractions industry and its workers can sustain the shutdowns.

"We urge you to include a US$250bn (€229.5bn, £212.1bn) Travel Workforce Stabilisation Fund within the Department of Treasury with US$150bn (€137.7bn, £127.3bn) in direct grants and US$100bn (€91.8bn, £84.8bn) in unsecured, no-interest loans to mitigate the damage caused by shutdowns and ensure the attractions industry and other related travel-dependent businesses which do not qualify for SBA can maintain employment.

"Amusement parks and attractions are closed at government direction in what is typically the start of the busiest season of their year with no end in sight. They have substantial fixed expenses, most important of which are employee wages.

"As each day passes, with no end in sight for when restrictions on travel and gathering will be removed, this industry is increasingly unable to support their employees.

"With your help, the amusement parks and attractions industry will be staffed and prepared to open its doors and continue to be the economic generator for local communities that it has always been."


RELATED STORIES
IAAPA calls on US government to secure paid leave for workers in face of COVID-19 pandemic


IAAPA has joined with 81 other organisations representing hundreds of thousands of businesses employing millions, with the collective calling on the US government to ensure all American workers have access to paid leave in the face of the ongoing public health crisis.
IAAPA Expo Asia will not happen in 2020 following coronavirus outbreak


In response to the global coronavirus outbreak, IAAPA Expo Asia, which was set for Macao, China in June, has been postponed.
IAAPA Expo Asia will not happen in 2020 following coronavirus outbreak


In response to the global coronavirus outbreak, IAAPA Expo Asia, which was set for Macao, China in June, has been postponed.
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CAVU Designwerks appoints Nathan Jones as chief operating officer
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Longleat's Lord Bath dies from COVID-19
The attractions industry has lost one of its personalities with the passing of Lord Bath, the owner of Longleat Safari Park in the UK, who died on Saturday 4 April aged 87 after contracting the coronavirus.
London Transport Museum goes digital
London Transport Museum’s doors might be closed due to the coronavirus pandemic, but the collection is now open to virtual visitors online.
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COMPANY PROFILES
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
Gantner Ticketing

GANTNER Ticketing was established in 1990. [more...]
IAAPA EMEA

IAAPA Expo Europe is owned and produced by IAAPA, The Global Association for the Attractions Industr [more...]
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+ More profiles  
FEATURED SUPPLIER

Healthy appetite for investment at EAG International 2020
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VIDEO GALLERY

Red Raion Showreel 2019
Red Raion is the CGI studio specialized in media based attraction. Find out more...
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Introducing AnimaChat! – Animalive
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CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

19-22 Apr 2020

Arabian Travel Market

Dubai World Trade Centre, Dubai, United Arab Emirates
08 Oct 2020

VAC 2020 (The Annual National Conference of Visitor Attractions)

Queen Elizabeth II Conference Centre, London, United Kingdom
+ More diary  
 


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Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

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