The Shuttered Venue Operators Grant (
SVOG) program was created by Section 324 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (
Economic Aid Act), which was enacted on December 27, 2020. The SVOG program requires the Small Business Administration (
SBA) to distribute grants of up to $10 million per grant and an aggregate of $16 billion to qualified applicants in the live performing arts event industry. The grants are designed to replace revenue lost as a result of not being able to stage live events during the pandemic.
Unlike the Paycheck Protection Program, which is primarily administered by participating banks and other financial institutions, the SVOG program is to be administered directly by the SBA. The SBA shut down the SVOG program moments after its launch on April 8 due to technical difficulties. Although the SBA has not yet officially announced when the SVOG program will relaunch, it is anticipated this will occur sometime before the end of
Grand Rapids Business Journal
Courtesy ASM Global
The U.S. Small Business Administration fixed a technical glitch and applications will soon reopen for its Shuttered Venue Operators Grant program.
The relief program is offering $16.2 billion on a first-come, first-served basis for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives.
Those eligible entities are some of the first that had to shut their doors a year ago in response to the COVID-19 pandemic. While some were eligible for Paycheck Protection Program loans, the SVOG program is one of the first relief sources that is tailored specifically to venues and entertainment operators.
Relief on the way for Michiana arts venues after confusion, crashed website for stimulus program southbendtribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southbendtribune.com Daily Mail and Mail on Sunday newspapers.
SBA to Reopen Shuttered Venue Operators Grants for Applications on April 24 at 12:30 p.m. EDT
04/23/2021 | 01:39pm EDT
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Shuttered Venue Operators Grant application portal tomorrow, April 24, 2021, at 12:30 p.m. EDT 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, every day that passes by is a day that these businesses cannot afford. We remain dedicated to delivering emergency aid as quickly as possible and will begin reviewing the applications on Saturday as they are submitted.”
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