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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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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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Tourism minister and former google travel exec, Nigel Huddleston, to deliver keynote speech at VAC 2020
UK tourism and heritage minister, Nigel Huddleston, will deliver a keynote speech during this year's Annual National Conference of Visitor Attractions (VAC) – which will be held this week (Wednesday 7 and Thursday 8 October) as a virtual event.
Triotech's Ernest Yale and BoldMove' Benoit Cornet announce collaboration
Ride specialist BoldMove and Triotech, a developer of multi-sensory interactive attractions, have announced a partnership which looks to create a "refreshing collaborative approach to the design of media-based attractions".
Pinewood Studios, home to James Bond and Star Wars, set to house major visitor attraction
The UK's best-known film studio, used for the filming of blockbusters such as the James Bond and Star Wars franchises, is set to house a major new visitor attraction.
Bletchley Park and Eltham Palace's immersive LGBTQ+ show among winners of UK Heritage Awards
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Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
TechnoAlpin

The TechnoAlpin SnowRoom is the most attractive and effective way for customers to cool down from h [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
+ More profiles  
FEATURED SUPPLIER

Triotech and Benoit Cornet’s Bold Move to collaborate on breakthrough innovative media-based attractions
Triotech has announced a breakthrough alliance with Benoit Cornet and Bold Move to bring a new collaborative approach to the design of media-based attractions – with an emphasis on adding value for operators. [more...]
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More videos:
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+ More videos  

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+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

17-23 Oct 2020

World Leisure Congress 2020

Pinggu, Beijing, China
03-06 Nov 2020

Piscina & Wellness Forum

Online,
+ More diary  
 


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Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

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