Updated: March 31
To our industry partners and friends:
Freeman was overwhelmed by the response to our email, press and social campaign last week!
Our focus is on three things, in order of priority: 1) take care of the people in our industry; 2) stabilize our businesses, and 3) accelerate the recovery for live events. The recently passed CARES Act goes a long way to helping businesses in the events industry accomplish the first two objectives. Much of what was included in the final bill directly benefits our industry, so thank you for your efforts. They mattered! Specifically, a few highlights:
Further, the bill provides relief for individuals who qualify to include direct payments as well as changes in rules regarding access to retirement funds, charitable contributions, student loans, etc. It is impossible to fully capture the nuances of the 880-page final bill, which can be found here.
Events serve as a massive incubator for innovation and economic growth. While the Senate is not due to return until April 20, there is already talk of a Phase 4 bill that will focus on stimulus and recovery funding. The impact a Phase 4 bill could have in accelerating the economic recovery in the U. S. cannot be understated. We will need your help again — so stay tuned!