The Small Business Administration (SBA) has announced that applications for Shuttered Venue Operators Grants will open today (April 8) at 12 p.m. ED.
Operators of live venues, such as live performing arts organizations, museums and movie theatres, will be able to apply for economic relief after having to shut down following the Covid-19 pandemic.
More than $16.2bn for grants via the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act and the American Rescue Plan Act has been made available, with $2bn reserved for eligible SVOG applications with up to 50 full-time employees.
Isabella Casillas Guzman, a SBA administrator, said: “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.”
She added: “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.
“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.”