The Importance of the M.I.C.E. industry

There has been a growing groundswell in the United States to encourage companies, corporations, organisations and associations to continue to organise meetings, conferences, tradeshows and other M.I.C.E.-related events, even in the face of worsening economic conditions. Members of the M.I.C.E. industry have banded together to lobby both the federal governments as well as business sectors in an effort to generate M.I.C.E. activities. This is important as M.I.C.E. events actually benefit a wide range of businesses in the cities they are held.

Lets take a look at some of these benefits:
- business visitors coming to attend an event: they spend money on accommodation, food, drinks, transportation, and even on shopping
- organisers spend money on venues, and purchase services from suppliers in the M.I.C.E. industry
- the spending generates sales for businesses and keeps people hired
- tourism numbers and receipts go up for the destination concerned (a city or state)

And then when this goes on long enough, both government and private sector will see the need to invest in the upgrading of facilities or the building of additional (and new) facilities. So what we have here is and economic cycle of activities that helps to perpetuate growth and development.

So we do need to lobby businesses to get them to continue to organise and participate in M.I.C.E. events. I think the American lobby - Keep America Meeting - is a good model to look at. If I remember correctly, I made a reference to this in an earlier post.

Let's keep pushing on. As much as the M.I.C.E. industry keeps going to government for assistance, reliefs, tax rebates etc. I think its equally important (if not more) to reach out to the general business community, organisations and associations to convince them of the need to continue holding and participating in M.I.C.E. events/activities.