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October 1, 2009
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DUES ON THE HOUSE
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| Interested in financial services regulation? Our sponsor Cardinal Bank is hosting a breakfast briefing exploring how to garner investors trust. Oct 13, 8am. RSVP here. |
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| No dues for members of the American Gaming Association this year. CEO Frank Fahrenkopf says the association is using rainy day funds to keep members who are down on their luck on board. And no, he's not making up the difference at the craps table. |
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Instead, AGA is looking to the trade shows it co-hosts, which raise about half of its $8-9 million revenue. Here's Frank (third from right) ribbon cutting at the annual Global Gaming Expo (G2E) in Las Vegas. It attracts 30,000 from 120 countries. Two years ago, Frank took a bet on the emerging gaming market in Macau and launched G2E Asia. Since then, revenue for the show has quintupled. Transferring that return to the slots, well, that's another matter.
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That snapshot Frank is showing us is of him and Ronald Reagan on Air Force One. The CEO's political connections from his days as RNC Chairman came in handy last week for AGA's first ever fly-in. About 50 congressmen joined his board members for finger food at The Source, followed by a day of meetings on The Hill and in the White House. Of course, there's always a bill to be voted on just when the party is getting started. That's why Frank says it's best to never plan an event more than 15 minutes away from the Capitol.
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| Staff Retention |
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Consumer Specialty Products Association President Chris Cathcart proudly shows off the air fresheners, cleaning products, disinfectants, polishes, pesticides and other products made by his members. A greater source of pride? High staff retention. Chris says he tries to instill a sense of ownership in his 27-person team. When he joined CSPA 10 years ago, he assigned staff to lead the association's seven divisions (which previously had their own boards, but no go-to staff person). Not only did it give members a face to identify with, but it provided leadership training and increased responsibility for staff. Like all great life lessons, there's a sports analogy: "You get the best team, and let them play their positions."
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Chris attributes growth—17 new members this year—to CSPA’s reputation for advocacy and relationships throughout DC and the states. Away from work, you may find him at Potomac Airfield. He flies a Piper Cherokee and volunteers his time to transport patients for Angel Flight, a non-profit that arranges free air transportation for medically-related needs. Some of those flights have helped transport kids with disabilities to summer camp.
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YHIP HIP HOORAY!
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Last night, we joined 150 association event planners and suppliers for a Young Hospitality Industry Professionals happy hour at The Palm. YHIP, which offers free memberships, hosts bi-monthly get-togethers thanks to these YHIP founders: Top row: Solar Energy Industries Association's Carlos Pelham, Austin CVB's Meredith Brown, Transportation Management Services' Dan Sherman. Bottom row: National Defense Industrial Associations' Holley Slabaugh, National Apartment Association's Megan Shannon, and Ovation, Inc.'s Jasmine Webb.
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| But Seriously Folks |
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| Didn’t know Motion Picture Association chief Dan Glickman was a stand-up comic? Then you must not read the Scene Bisnow! But you can, for free! See more DC celebs when you SUBSCRIBE. |
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| UPCOMING EVENTS |
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October 06 - ARGY Nonprofit Seminar Series - Discussion of new disclosure requirements (FIN 48 and UPMIFA) and their effect on taxes and endowments. Two hours of CPE credit offered. (Info)
October 06 - Membership Marketing Seminar - Created by association professional to help solve your biggest membership challenges. Cost: $149 for association professionals. $229 for industry partners. (Info)
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This newsletter is a journalistic news source which accepts no payment for featured interviews. It is supported by conventional advertisers clearly identified in the right hand column. You have been selected to receive it either through prior contact or professional association. If you have received it in error, please accept our apologies and unsubscribe at bottom of the newsletter. © 2009, Bisnow on Business, Inc., 1323 Connecticut Avenue, NW, Washington, DC 20036. All rights reserved.
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