Government Connections - Spring/Summer 2018 - 17

The Invisible Industry Delivering Big for the U.S. Economy:

Face-To-Face Meetings and Business Events
events not only play a critical role in connecting people and driving business results,
they also support 5.9 million jobs and hundreds of billions of dollars in annual revenue.

Every dollar spent on face-to-face meetings and business events
generates an additional $1.60 for the U.S. economy -

an increase of 160%.

$2.60

$1.60

$1

Total
economic
impact

Indirect
and induced
impacts

Direct
impact
Spending and jobs associated with
planning, producing and attending
an event

Spending associated with
downstream or "supply chain" costs as
well as spending by industry employees
that supports the broader economy

The combination of direct impact,
indirect and induced impacts

In 2016, 1.9 million meetings were held in the United States,
generating $845 billion in economic impact.

Growing Year-Over-Year

The economic impact generated by meetings is shared
across a variety of industries. Meetings direct spending has
expanded 23% since 2009, primarily due to increases in the
number of meeting participants.
Total Impact

$1,000
Total Impact

Total Impact

$750
Indirect and
induced output

$500

Direct output

$250

$0

2009

2012

2016

Want to learn more about the economic impact of face-to-face meetings?
Find the full report at eventscouncil.org.
Source: Economic Significance of Meetings to the U.S. Economy Report© 2018 Events Industry Council.

www.sgmp.org

17


http://www.eventscouncil.org http://www.sgmp.org

Table of Contents for the Digital Edition of Government Connections - Spring/Summer 2018

President’s Letter
Executive Director’s Corner
2018 NEC: Chart Your Course
Extroverts and Introverts Can Play Well Together!
Meetings Sector Drives U.S. Economy
Superheroes Circle
CGMP Corner
SGMP Nation
Advertisers’ Index
Government Connections - Spring/Summer 2018 - Intro
Government Connections - Spring/Summer 2018 - cover1
Government Connections - Spring/Summer 2018 - cover2
Government Connections - Spring/Summer 2018 - 3
Government Connections - Spring/Summer 2018 - 4
Government Connections - Spring/Summer 2018 - 5
Government Connections - Spring/Summer 2018 - President’s Letter
Government Connections - Spring/Summer 2018 - Executive Director’s Corner
Government Connections - Spring/Summer 2018 - 8
Government Connections - Spring/Summer 2018 - 9
Government Connections - Spring/Summer 2018 - 2018 NEC: Chart Your Course
Government Connections - Spring/Summer 2018 - 11
Government Connections - Spring/Summer 2018 - 12
Government Connections - Spring/Summer 2018 - Extroverts and Introverts Can Play Well Together!
Government Connections - Spring/Summer 2018 - 14
Government Connections - Spring/Summer 2018 - 15
Government Connections - Spring/Summer 2018 - Meetings Sector Drives U.S. Economy
Government Connections - Spring/Summer 2018 - 17
Government Connections - Spring/Summer 2018 - 18
Government Connections - Spring/Summer 2018 - Superheroes Circle
Government Connections - Spring/Summer 2018 - 20
Government Connections - Spring/Summer 2018 - CGMP Corner
Government Connections - Spring/Summer 2018 - SGMP Nation
Government Connections - Spring/Summer 2018 - 23
Government Connections - Spring/Summer 2018 - 24
Government Connections - Spring/Summer 2018 - 25
Government Connections - Spring/Summer 2018 - Advertisers’ Index
Government Connections - Spring/Summer 2018 - cover3
Government Connections - Spring/Summer 2018 - cover4
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