IHRSA’s Take 5: A $30B Gym Relief Bill & Industry Trends
Wednesday, February 10, 2021
In the U.S., relief for the health and fitness industry is closer to reality after lawmakers filed the $30 billion Gym Mitigation and Survival (GYMS) Act, which would provide grants to affected health clubs.
Introduced by Reps. Mike Quigley (D-IL) and Brian Fitzpatrick (R-PA), the GYMS Act would establish a program to help distressed fitness facilities by allowing owners to apply for grants from the Small Business Administration, similar to other existing relief programs.
In this week’s Take 5, sponsored by Precor, Brent discusses IHRSA’s efforts to get it passed and urges gym owners, staff, and members to share their support for the bill with lawmakers.
Also this week, Brent shares some top fitness industry trends by Les Mills and McKinsey and announces an impactful IHRSA Foundation project.
Here is the McKinsey report Brent references: https://www.mckinsey.com/industries/r...
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