By Mike Verespej, Plastics News Staff
Washington -- In light of the economic conditions, the US Society of the Plastics Industry Inc. has put in place what it calls an "economic stimulus" of financial incentives designed to lower the cost of exhibiting at NPE2009 and to prevent exhibitors from incurring unexpected move-in and move-out costs.
Exhibitors with 4000 sq.ft (370 sq.m) or less will get an across-the-board credit of $1.50/sq.ft that amounts to a 32-percent discount on the cost of general exhibit contracting services, according to Washington-based SPI. Companies with more than 4000 sq.ft will get a one-time move-in allowance to help reduce those costs.
The maximum credit will be $150 for a small exhibitor, $4500 for a large exhibitor.
Several machinery manufacturers have announced in the last few weeks that they will not be exhibiting at the triennial show, scheduled for 22-26 June in Chicago, because they could not justify the cost of exhibiting in the current economic climate.
SPI president and chief executive officer Bill Carteaux said he is hopeful the incentives will lure some of those companies back.
"We are in extended discussions with people who are out, and some might be back in," he said.