ASAE Calls for More Association-Specific Relief for COVID-19 Impacted Organizations
April 7, 2020
ASAE applauded Congress for swiftly constructing a $2.2 trillion emergency coronavirus relief package while calling on policymakers to include more association-specific relief in a fourth relief package currently taking shape.
A review of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, shows that Congress allocated extraordinary relief for individuals, small businesses, corporations, hospitals, state and local governments and 501(c)(3) nonprofit groups, but few provisions that directly assist trade and professional associations experiencing severe revenue losses as a result of the COVID-19 pandemic. Many associations have had to cancel large meetings, trade shows and other in-person events due to the pandemic, and others are experiencing the same operational shortfalls that have befallen large and small businesses in recent weeks.
These two provisions in the CARES Act apply for 501(c)(6) associations:
- An employee retention payroll tax credit available to businesses that have seen at least 50 percent reduction in revenue in the first quarter of 2020 compared to the first quarter of 2019, among other qualifying conditions
- Emergency Economic Injury Disaster Loan (EIDL) grants that can be used for payroll costs, rent or mortgage payments, or repaying obligations that cannot be met because of revenue losses
“Fortunately, there are a couple of avenues Congress has provided for associations to obtain assistance in these difficult times, but we need more,” said ASAE President and CEO Susan Robertson. “Many associations are already experiencing extreme financial losses directly tied to the coronavirus pandemic, and more difficult decisions for these groups are on the horizon. ASAE calls on Congress to include association-specific relief in the next legislative relief package that is negotiated.”
A fourth relief measure will reportedly take shape over the next several weeks. In a sign-on letter sent to Capitol Hill on April 3, ASAE and nearly 3,000 organizations across the country called for additional aid for associations experiencing financial losses from cancelled meetings and events, and specifically, allowing 501(c)(6) groups to be eligible for small business interruption loans to prevent layoffs and continue paying employees. ASAE has also suggested Congress create a pandemic risk insurance program to create a federal backstop for prospective insurance claims related to a pandemic or epidemic.
To learn more about ASAE’s efforts and access its coronavirus resources page, go here.
Partner Voices
HERE, hosting responsible meetings and caring for our communities are top priorities. Through its 'Focused on What Matters: Embracing Humanity and Protecting the Planet' philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make an impact in the lives of employees, guests, and the communities in which it operates.
Water Stewardship Efforts
MGM Resorts understands the importance of using water efficiently, especially in the desert destination of Las Vegas. Conserving water has always been part of the mission, but MGM Resorts has expanded its ambition into water stewardship.
In 2022, MGM Resorts President and CEO Bill Hornbuckle signed the CEO Water Mandate—a UN Global Compact initiative mobilizing business leaders to advance water stewardship. MGM Resorts International was the first gaming company to take this important step.
MGM Resorts replaced 200,000 square feet of real grass with drought-tolerant landscaping in Las Vegas.
MGM Resorts pledges to reduce water withdrawal intensity by 33% by 2025 and by 35% by 2030.
From 2007-2021, use of more than 5.6 billion gallons of water was avoided because of conservation efforts.
Caring for One Another
MGM Resorts’ Food Donations Program collects and preserves unserved food from conventions held at MGM Resorts properties, then safely donates to food insecure people in the community. Since the program’s launch in 2016, more than 3.7 million meals toward a 2025 goal of 5 million meals have been donated into the community. Donations include:
Unserved perishable prepared foods from events
Perishable unprepared food from MGM Resorts’ kitchens
Nonperishable food items from minibars and warehouses
The collaboration with Southern Nevada’s primary food bank, Three Square, has developed the infrastructure needed to safely collect, transport, and store food from MGM Resorts properties in Las Vegas, reducing food waste while serving the community.
Fostering Diversity and Inclusion
To MGM Resorts, a diverse and talented workforce is essential to success. By cultivating innovative strategies that consider multiple perspectives and viewpoints, the company creates an inclusive workplace culture that benefits its employees and community. MGM Resorts takes pride in being a welcoming home for veterans, individuals with disabilities, people from diverse backgrounds, LGBTQ+ community members, and more. This commitment to inclusion is reflected in the company's recruitment and hiring practices and its social responsibility initiatives. From the workplace to the community, MGM Resorts' commitment to diversity, equity and inclusion remains unwavering, and its efforts continue to create a more equitable and sustainable world for all.
MGM Resorts understands its responsibility to contribute to the social and economic progress of the communities in which it operates. HERE, we embrace humanity.
Add new comment