Companies lay people off all the time and still advertise or have out of town meetings, etc. Just because a budget needs to be adjusted does not mean that all activities come to a halt. Organizations need to support activities and investments which may yield an increase in revenue or tax base in the future. Such an increase would yield additional jobs in the future, but in the short run sometimes tough choices need to be made to address decreased revenues.
yup... the NASCAR race here at the Glen is the biggest one day event in the state and keeps every hotel/motel filled every year for 50 miles around along with the assorted bars and restaurants the other race weekends fill them all up for 30 miles