It's purpose is to promote local original music. The LIMC realizes that a successful music scene is one where the various components of the scene realize their interdependence upon one another, and come together to promote the larger good.
Musicians benefit when music venues do well financially, and vice versa.
Promoters and managers do well when musicians and bands do well, and vice versa. The music media does well when the public is interested and excited about the local scene, and when club owners have the money to advertise. Record labels and music retailers do best when an exciting music scene is continually promoted by the music media. Recording studios do well when musicians and bands can make enough money to keep recording. Finally, the music lover has the most to gain when all of the other components of the scene are working together to reward songwriters and musicians for writing, performing and recording high-quality original music.