According to a recent survey of nearly 400 endurance event professionals from Running USA, 67 percent expect to need additional funding to support their events beyond the Paycheck Protection Program (PPP).
The survey found 52 percent of events have laid-off workers, and 19 percent will make additional job cuts by June 30. An additional 25 percent of events will make reductions by August 30.
As a result of lost revenue, more than 32 percent of respondents have laid off more than 40 percent of their staff. To date, 48 percent of respondents have been able to retain their employees many with help from the federal PPP.
Nearly all (95 percent) lacked confidence that mass gatherings will occur this year. The survey was conducted in association with the Endurance Sports Coalition.
“Event professionals are facing tough realities right now, and those were fully brought to light in this survey response,” said Rich Harshbarger, CEO, Running USA.
Photo courtesy Ice Age Trail 50 one of the oldest continuously-running ultras in the country. For information about the race scheduled to take place on September 26, 2020, go here.
