IAAPA Asks Congress to Amend Current Paycheck Protection Program (PPP) on Behalf of the Attractions Industry
ORLANDO, Fla. – IAAPA, the global association for the attractions industry, together with 20 associations, has written to Congress urging important changes to the
Paycheck Protection Program (PPP) so that it can help meet the needs of small businesses deeply affected during COVID-19 crisis. While the establishment of the PPP in the Coronavirus Aid, Relief, and Economic Security (CARES) Act is a critical first step in providing relief for businesses, IAAPA has stated, the program in its current form will not adequately be able to prevent the permanent closure of small businesses in the attractions industry.
“The attractions industry is comprised of small businesses around the country, many that are family-owned and operated,” said Hal McEvoy, president and CEO of IAAPA. “Today those businesses are facing prolonged revenue losses, and uncertainty about their future. The Paycheck Protection Program (PPP) is one way Congress can help preserve thousands of jobs and provide critical assistance to these businesses during this uncertain time.”
IAAPA, together with 20 associations including U.S. Travel Association has recommended the following changes to Congress to help aid the attractions industry and small businesses around the country:
- Extend the duration of the program through December 31, 2020.
- Remove funding uncertainty.
- Increase borrowing limits so businesses can withstand an extended period of lost revenues and operational disruption.
- Expand the list of covered expenses.
- Extend covered period for loan forgiveness.
- Ensure businesses are not penalized if former employees are unwilling to return.
IAAPA jointly submitted and signed the letter with: American Hotel & Lodging Association, Asian American Hotel Owners Association, Disability:IN, Economic Innovation Group, Exhibition Services & Contractors Association, Experiential Designers + Producers Association, International Association of Exhibitions and Events, International Franchise Association, Main Street Alliance, Main Street America, National Association for the Education of Young Children, National Association of Women’s Business Owners, National Restaurant Association, National Small Business Association, Small Business Majority, Small Business Roundtable, Society of Independent Show Organizers, U.S. Hispanic Chamber of Commerce, and U.S. Travel Association.
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IAAPA is a diverse and dynamic community of global attractions professionals. As the largest international trade association for permanently located attractions, IAAPA unifies the attractions community, connects people to learn and grow together, and strives to promote the highest professional standards for excellence and safety around the world.
Founded in 1918, IAAPA represents more than 6,000 attraction, supplier, and individual members from more than 100 countries. Members include professionals from amusement parks, theme parks, attractions, water parks, resorts, family entertainment centers, zoos, aquariums, science centers, museums, manufacturers, and suppliers.
The association's global headquarters is in Orlando, Florida, US. IAAPA also maintains offices in Brussels, Belgium; Hong Kong, China; Shanghai, China; Mexico City, Mexico; and Alexandria, Virginia, US. Additional information is available at IAAPA.org and through IAAPA’s social media channels: @IAAPAHQ #IAAPA
For more information:
Susan L. Storey, APR
Director, Global Communications
Manager, Global Communications