Shuttered venue grants coming soon - Spidell

Shuttered venue grants coming soon


The SBA announced that it will start taking Shuttered Venue Operators Grant applications on April 8, 2021. These grants are available to qualified theaters, performing arts organizations, museums, etc.

Grants may be awarded up to the lesser of 45% of the grantee’s 2019 gross earned revenue or $10 million (alternative formulas apply to those businesses not in operation in 2019).

Interested organizations may register for an informational webinar to be held Tuesday, March 20, 2021, from 2:30 to 4:00 pm eastern time at:

https://www.eventbrite.com/e/svog-application-informational-webinar-registration-147041437899?utm_medium=email&utm_source=govdelivery

The Consolidated Appropriations Act and the American Rescue Plan Act allocated over $16 billion for this program. The ARTPA also expanded the program to allow operators to receive both the grant and PPP loans.

More details about this program are available at:

www.sba.gov/funding-programs/loans/covid-19-relief-options/shuttered-venue-operators-grant#section-header-6