State News

SBA opens shuttered venue, theater operators grants

The U.S. Small Business Administration officially open the Shuttered Venue Operators Grant (SVOG) application portal on April 8 for operators of live venues, live performing arts organizations, museums and movie theaters, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some of the first that had to shutter their doors a year ago in response to the Covid-19 pandemic.

“Concerts, plays, dance performances, movie premieres, museum exhibits —  these are the lifeblood of culture and community, and often the anchor for travel, tourism and neighborhood food and retail stores. We know that for the stage and venue operators across the nation that help make this culture happen, the pandemic has been devastating. Too many have been forced to lower the final curtain on their businesses. Today, with more than $16.2 billion available through the Shuttered Venue Operators Grants, help is here,” said SBA Administrator Isabella Casillas Guzman. “The SBA is committed to moving as quickly as possible to deliver this vital funding effectively and equitably —  ensuring relief goes to those venue operators whose revenues have been most impacted by the pandemic.”

The SVOG program was appropriated more than $16.2 billion for grants via the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act and the American Rescue Plan Act. Of these funds, at least $2 billion is reserved for eligible SVOG applications with up to 50 full-time employees. Eligible applicants may qualify for grants equal to 45% of their gross earned revenue up to a maximum amount of $10 million for a single grant.

The agency also  provides recurrent program updates and information via frequently asked questions, additional video tutorials, an application checklist, and eligibility requirements through sba.gov/svogrant, and targets its outreach to potential applicants.

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