Friday, March 20th, 2009

SPI’s Bill Carteaux Explains NPE Stimulus Plan

President's Post

No other manufacturing industry affects as many sectors of the global economy as plastics—so we need to step up and lead the way. And the best place to do just that is NPE2009. Many of our industry’s largest suppliers agree, such as Husky, Engel, Nissei, Sumitomo Demag, Krauss Maffei, Milacron, Toshiba, Conair, DuPont and Sabic, just to name a few. We also have a significant new commitment from Dow as the exclusive underwriter of ANTEC at NPE2009.

To help the entire industry participate, SPI’s executive leadership has created the NPE2009 Stimulus Package to make our triennial trade show more affordable for everyone with incentives extended to exhibitors and attendees alike. In total we have set aside nearly $3 Million to help our industry in this time of need. For our exhibitors with booth sizes from 100 – 3,999 square feet, service credits will range from $150 to $4,500.

Exhibitors above 4,000 square feet will be provided with a one-time move-in allowance in lieu of credits.

To help attendees, we are dialing back to the 2006 registration rate of $60 for advanced registration and $90 at the door. We have additional discount incentives for group delegations and SPI member companies along with early-bird rates and group discounts for SPI’s Business of Plastics conference.

We have also doubled the allotment of VIP passes (allowing free entry) from 170,000 to 340,000 free passes available through all exhibiting companies. That means that no one should have to pay to attend the NPE exhibits—see your suppliers to get your VIP passes.

SPI’s lobbyists have also been working on Capitol Hill doing their part to ensure a successful NPE2009. Basic tax law allows customers to write off the cost of capital purchases over an extended time frame. Thanks to SPI’s aggressive lobbying efforts, the federal stimulus package jump-starts that write-off schedule by allowing customers to immediately write off 50% of purchases. This “bonus depreciation” is an incentive to buy. Since this particular aspect of the federal stimulus package expires at the end of 2009, there’s also an incentive to buy at NPE2009.

NPE2009 is going to be a great event! We have added many new features, educational programming, technical paper presentations, a design competition and 8 co-located events—all geared to create mass appeal to the entire plastics industry value chain.

Check your mailboxes for the first NPE magazine, which details the many features of The NPE Experience.

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