By Joyce DiMascio
Governments around the world are slowing focussing on funding support for the business events industry. Among the latest is the US.
Conference and Meeting World has reported that the US Senate has passed a budget amendment which prioritises aid for the events, entertainment, tourism and travel industries.
The amendment will see the creation of a new reserve fund to support these industries.
Details are yet to be released for the amendment introduced to the Senate by senator for Nevada Catherine Cortez Masto, who said: “The coronavirus pandemic has devastated economies and industries in every single state across the country. In Nevada, our hospitality, travel and tourism sectors have been especially hard hit.
“These businesses are economic engines for our communities, employing hundreds of thousands of workers and pumping billions of dollars into our economy each year, but they’re facing incredible challenges right now due to Covid-19.”