Many live-event venues struggling to survive during the pandemic have been clinging to hope in the form of grants available from the Small Business Administration that will help them make ends meet until their industries recover.
But the money, these groups say, isn't coming fast enough.
The…
Stakeholders awaiting funds from the Shuttered Venue Operators Grant program are collectively calling on the government's Small Business Administration to move faster to release money they are counting on to survive as the industries for live music, events and entertainment cling to life until cash flow returns.
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Important Information Regarding the Shuttered Venue Operators Grant May 08, 2021
The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.
Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees. Learn More
Shuttered Venue Operators Grant applications reopened
From U.S. Small Business Administration WASHINGTON The U.S. Small Business Administration reopened the Shuttered Venue Operators Grant application portal Saturday for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief. “We recognize the urgency and need to get this program up and running,” said Barb Carson, deputy associate administrator of SBA’s Office of Disaster Assistance. “With venue operators in danger of closing. For access to this article please sign in or