Hey #eventprofs! Please help with an initiative to modernize the NAICS codes for our industry. Read about the issue and how to help below in Wendy Porter's post. Let's make this happen!!
Chief Event Strategist | Fractional Head of Events | Corporate Meetings, Trade Shows & Event Management Expert | Strategic Meeting Planner for High-Impact Events | '24 Smart Women in Meetings, Visionary Award
IMMEDIATE ACTION NEEDED - Letters to Federal Government re modification of NAICS Codes (North American Industry Classification System) As many of you know, I've been involved in supporting the Live Events Industry thru the Live Events Coalition since March 2020. One of the issues we identified in our work was that we don't have a NAICS code for our industry. This is the federal code you use when filing a new business and when you do business tax returns. So, pulling data on how large we are, how many small businesses are involved, and the number of workers was extremely difficult. As such, that made our work that much harder when we were trying to substantiate WHO we are as an industry to get funding in place during the pandemic. (LEC research in 2020 indicated we are 12 million people, 2 million small businesses worth over $1 Trillion). When we polled members of LEC back in 2020, we got over 30 NAICS codes that were in play across the various business types in our ecosystem. Compare that to the Hospitality Industry... which has one code, 72. So they had a much easier time proving who they were, how much help they needed, and they got funding when we didn't. EDIT TO ADD: Funding was actually distributed by NAICS code at the time. NAICS CODE 72 got funding. The 30+ codes were are under did not. I've attached an infographic LEC did back 2021 in the comments that helps tell that story. Here's the challenge. The NAICS codes are only updated by the Federal Government every 5 years. If we don't get a proposal in for a modification to the codes by NEXT WEEK, we are out of luck for 5 more years. This is where you come in. I NEED YOUR HELP to write a letter in support of making this change to the NAICS codes. The more letters we have from business owners and workers in the industry, the better our chances are of getting this fixed and making us a recognized industry with the US Federal Government. We've tried to make it very easy for you to do. I did mine over the holidays, and it literally took me less than 5 minutes to do. Below are links to 2 documents: Overview of the issue: https://lnkd.in/g_bNibfn SAMPLE LETTER: https://lnkd.in/gErMyh62 Instructions: 1. Read the overview above. 2. Pull the sample letter and update the contact info and signature copy block at the bottom. 3. Put it on your company letterhead if possible. 4. Send a PDF of the final letter to Laura Palker: [email protected] 5. PLEASE SEND YOUR LETTER TO LAURA PALKER BY 1/15/2025. Thanks for your help with this important initiative. Feel free to reach out with any questions. Laura Palker Nancy Shaffer Dwayne Thomas Chris Navratil Al Mercuro