Page 2 - Venue Operator News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Celebrate industry advocates are reminding that small, privately- owned venues across the country are still struggling , and trying to survive after a years worth of lost revenue. congress set aside $15 billion in emergency funding for small venues in december, but these small business administration has only awarded about $530 million worth of that money , we spoke to one venue operator who says they need this money in order to get back up and running once again. >> it's a trickle at this point we need a deluge of the grants to be honored. we are given the funding that we have been promised f...

Applications for "Shuttered Venue Operator Grants" to help live event venues survive opened April 26.

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, whic...

To print this article, all you need is to be registered or login on Mondaq.com. The Small Business Administration (SBA) has announced that the long awaited Shuttered Venue Operators Grant (SVOG) Application Portal will open and begin accepting applications for eligible applicants starting April 8, 2021. Applicants can find the SVOG Application Portal here, the SVOG Application Checklist here, and the draft SVOG Application here, which is subject to change. To further assist applicants in the application process, the SBA has updated several documents first listed in Taf...

Although the Small Business Administration has not yet opened the program to grant applicants, the agency recently released a series of FAQs that address certain definitions and...