Posts Tagged ‘Paycheck Protection Program (PPP)’
COVID-19 and Trade Associations: The Impact So Far
Summary of Keypoints COVID-19 has caused significant financial losses for trade associations, primarily due to cancellations of in-person conferences and events, which typically account for about 35% of annual association revenue. Membership dues revenue has also declined as member organizations reduce expenses, compounding the financial strain caused by event cancellations. Survey data from the American…
Read MoreTrade Associations, COVID-19 and the CARES Act
Summary of Keypoints Trade associations have been significantly impacted by COVID-19, despite limited public discussion, even as these organizations play a critical role in providing advocacy, information, training, and crisis support to their members. The CARES Act excluded trade and professional associations from Paycheck Protection Program (PPP) funding, leaving them with access only to the…
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