Atlantic City Reups $1 Million Incentive Fund Through 2016 to Draw Events to the Area

August 18, 2013

Even before “Superstorm Sandy” struck the Eastern seaboard of the United States, officials in the conventions and meetings business in Atlantic City had been brainstorming about a way to bring more events into their town.

The hurricane brought a tremendous amount of damage in its wake, but, according to Gary Musich, Atlantic City CVA’s vice president of convention development, much of the city was spared.

“There was no damage to any of the hotels or the convention center,” he added, “There was some flooding, but that’s it. There also was no damage to our boardwalk at all. There were some perception issues.” 

After the storm hit, there was even more of an incentive, though, to bring events into the region, especially since several meetings and conventions had been canceled. The plans that were being discussed beforehand were put into fast forward.

The Atlantic City Alliance, a private not for profit funded by the casinos, which is responsible for marketing Atlantic City broadly as a tourism destination, approved a special $1 million incentive fund. Together with the Atlantic City Convention & Visitors Authority, now a division of the Casino Reinvestment Development Authority, approved funds will be portioned out to meetings that fit certain criteria as a means to draw them to the city.

“We wanted to show that we were open,” Musich said.

Jeffrey Vasser, Atlantic City CVA’s president and CEO, added, “Getting more citywides is one component (of the fund). Also, we wanted to get Atlantic City top of mind in the industry. We needed a strong incentive program.”

The fund was set up and meetings that qualified needed to book at least a 1,000 room nights, be new or not have visited Atlantic City for at least three years and preferably book mid-week.

The funds were not earmarked toward anything specific, Vasser said, they could be used for transportation, attendee marketing or whatever the event organizer needed them for.

Elizabeth B. Cartmell, president and CEO of the Atlantic City Alliance, said, “Now, we have the opportunity to fill mid-week visits to the destination. We recognize how competitive it is in the convention center environment. We had the challenge of needing to reintroduce Atlantic City and we needed to get people here.”

The incentive worked, with several groups signing on and coming to the city in the past year. “We had immediate results,” Musich said.

In fact, it worked so well the $1 million fund has just been reupped for each year through 2016 in an effort to bring even more events to Atlantic City.

There’s plenty of new space coming online in the future as well, with Harrah’s building a $126 million, 250,000 square foot conference center, Revel Resort Hotel & Casino also recently opened with new meeting space available and Jimmy Buffett is set to open to new facilities as well, according to Musich.

Cartmell said the future for Atlantic City looked bright as well. “There is a flurry of activity into future years,” she added.      
                                                                                                                                    

Add new comment

Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.