Feds give $23M to 22 Lancaster County venues hurt by the pandemic, including Sight & Sound, AMT and Fulton lancasteronline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lancasteronline.com Daily Mail and Mail on Sunday newspapers.
Many performance venues still waiting for pandemic aid
The operators of many independent performance spaces are still waiting for relief from Washington.
NEW YORK - In April the Q.E.D. Theater in Astoria reopened its doors to reduced capacity after being dark for 13 months. Owner Kambri Crews says the venue has been limping along. We were just shy of about 75% in losses, she said of the theater s revenue loss.
In December, lawmakers in Washington finally passed a $16.1 billion relief package called the
Shuttered Venue Operator Grant program, and help was on the way for theater owners across the country. Until it stalled.
The road to financial recovery for Colorado's venues and theaters is winding and uphill according to those that work in the entertainment and event industry, which was shuttered for over a year by the COVID-19 pandemic.
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On December 27, 2020, President Trump signed into law Congress’s spending bill, the Consolidated Appropriations Act (CAA), 2021, which included the Additional Coronavirus Response and Relief (ACRR) provisions that modified the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). The PPP, a loan program designed to provide a direct incentive to businesses to retain their employees, was enacted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. PPP borrowers are eligible for loan forgiveness if the funds are used for eligible payroll and non-payroll costs.
The ACRR provisions extended the covered period for all new PPP loans through March 31, 2021, and required the SBA to publish additional implementing guidance. On January 7, 2021, the SBA released two interim final rules (which we will cover in a forthcoming article) providing guidance on the PPP extension and expansion and on th