2017-003-Thorp Mill Town - Laserfiche WebLink

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2. preserving the mill itself and to making our various programs and initiatives self- sustaining o this year's function will produce an estimated $52,975.00 of total spending in Kittitas County, and we expect to grow the event to over 600 attendees and increase our offerings to approximately 50 vendors, and increase our revenues from the event to over $6,500.00. We are arranging for 50 vendors and several appraisers and planning to attract 600 people for the event this third year. In order to build on the success of our first two years, the Thorp Mill requests $8,770.00 from the Lodging Tax Committee, primarily for the planning, marketing, and promotional costs associated as well as, to a lesser extent, the rental & purchase of key services and supplies (see attached budget for more details). Thorp Mill plans to raise in excess of $11,649.92 in matching funds over the next ten months—through other outside grants, sponsorships, solicited monetary donations, plus the value of donated labor, supplies, equipment and facilities. We have developed a five-year strategic business plan for the event, and losses in the first two years were covered by Thorp Mill's resources, along with funds from other non - lodging tax grants. We expect to turn a profit and become self-sustaining by the fourth year. Annual profits will be reinvested into expanding the event in subsequent years, building to a fully -sustainable, profitable event by 2018's 0 Annual Thorp Mill Antiques Market and Appraisal event. 2017 Antiques Market & Appraisals: Summary of How Grant Money would be Spent Rental of venue Insurance for event Advertising (online, print, radio, & signage) Services (equip. rental, wireless service, apprais- er fee, coordinating costs, & sundry materials) Total $ 285.00 110.00 6,000.00 2,375.00 8,770.00 Please provide the following estimates of how any money received will result in increases in the number of people traveling for business or pleasure on a trip: I. Away from place of residence or business and staying overnight in paid accommodations: 135 (50% of visitors & vendors from??