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NPE2009 Stimulus PackageNo other manufacturing industry affects as many sectors of the global economy as plastics—so we need to step up and lead the way. The best place to do just that is NPE2009. Many of our industry’s largest suppliers agree, such as Husky, Engel, 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, SPI has set aside nearly $3 million to help the plastics industry in this time of need. In addition, limited-time tax incentives create significant federal tax allowances for new capital investments, making NPE2009 the perfect time to buy. Savings for ExhibitorsFOR EXHIBITORS WITH 4,000+ SQ.FT. SPACEExhibitors with greater than 4,000 square feet of contracted space will be provided with a one-time, move-in allowance to help offset the high costs associated with installing and running the amount of equipment necessary for a booth of this size. The SPI Officers have applied a balanced, formulaic approach to the stimulus package, based on their analysis of the cost of bringing larger equipment to the show. In most cases, the booth cost is a very small portion of the total cost to exhibit. In determining who these companies are, they came up with a natural division in size of space, which is consistent with the long-standing NPE Show Rules for other programs and incentives. Eligibility Requirements to Receive the Move-in Allowance
FOR EXHIBITORS WITH LESS THAN 4,000 SQ.FT. SPACEExhibitors with less than 4,000 square feet of contracted space will receive an across-the-board credit toward Freeman’s general contracting services at a rate of $1.50 per square foot of space occupied. As an example, the 100 square foot exhibitor will receive $150 off its service bundle package with Freeman. This service credit will be applied to the exhibitor’s bill of services from Freeman, which SPI will pay directly to Freeman following the show. MORE EXHIBITOR SAVINGS TO FOLLOWThe NPE General Contractor, Freeman Services, offers service bundle packages providing even greater savings. Freeman is also working with the Chicago-based trades to help exhibitors save even more money with move-in time, manpower, hotel, per diem, etc. A system for “freight carpools” or “caravans” is being explored to help exhibitors save by consolidating their shipments with other exhibitors. Finally, all rigging contracts will remain fixed until every exhibitor leaves the city—typically, rigging increases take place July 1. And we won’t stop there. Our Chicago vendors are still coming to the table with more costsaving strategies, which will be passed along to exhibitors once realized. Savings for AttendeesTo help attendees, SPI is dialing back to the 2006 registration rate of $60 for advanced registration and $90 at the door. Additional discount incentives for group delegations and SPI member companies are available 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 NPE — see your suppliers to get your VIP passes. Registration Pricing Menu
SPI's Business of Plastics Registration Savings SPI is offering the following discounts and incentive packages for The Business of Plastics:
*To register as a buying team, the group leader must contact SPI’s tradeshow division at npe@plasticsindustry.org or call +1.202.974.5235. Tax IncentivesLIMITED TIME TO SAVE WITH FEDERAL TAX INCENTIVESOn February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA) into law. Popularly known as the “Stimulus,” the Act creates significant federal tax allowances for new capital investments. These have the effect of reducing the cost of investments in equipment and machinery, but the incentive for customers to buy doesn’t stop there. Because the Act provides these incentives on a temporary basis, customers also have an incentive to act soon. This makes NPE the perfect time to buy, utilizing one or both of the incentives described below. 50% SPECIAL "BONUS DEPRECIATION" INCENTIVEEquipment and machinery that qualifies to be depreciated under the Modified Accelerated Cost Recovery System (MACRS) with a recovery period of 20 years or less is eligible for special “bonus depreciation” in 2009. Specifically, customers may take an additional deduction of 50% of the equipment or machinery’s depreciable basis prior to calculation of their regular depreciation deduction. Buyers of all sizes can take advantage of this incentive. Moreover, companies making limited investments in 2009 – generally smaller businesses – will see an even greater cost reduction because they can first take advantage of the Section 179 “small business” expensing incentive (see below) prior to making this calculation. Expiration: December 31, 2009 SECTION 179 "SMALL BUSINESS" EXPENSING INCENTIVEThe Act allows qualifying businesses that purchase $800,000 or less in depreciable assets in 2009 to write off the full purchase price of equipment and machinery up to $250,000. Companies qualifying for this incentive may depreciate an additional 50 percent of the remaining basis of the equipment or machinery in 2009 pursuant to the special bonus depreciation incentive described above and prior to figuring their regular depreciation deduction. Expiration: December 31, 2009 An example of how customers may benefit from the special "bonus depreciation" incentive:
An example of how some customers may also benefit from the Section 179 “small business” expensing incentive:
This analysis is not intended to constitute legal or accounting advice. For more specific details about ARA, contact your tax professional or visit the Internal Revenue Service website |
