Grants for Shuttered Venue Operators
As you may have heard Congress recently passed a bill which offers aid to some theaters and cultural venues, called the “Coronavirus Response and Relief Supplemental Appropriations Act, 2021”. In this Bill, under section 324 there is the information and requirements needed for theatres and venues to apply for the aid and grants. Here is the information you need on grants for shuttered venue operators.
Specifically it states:
Section 324: Grants for Shuttered Venue Operators.
• Authorizes $15 billion for the SBA to make grants to eligible live venue operators or promoters,
theatrical producers, live performing arts organization operators, museum operators, motion picture
theatre operators, or talent representatives who demonstrate a 25 percent reduction in revenues.
• There is a set-aside of $2 billion for eligible entities that employ not more than 50 full-time employees,
and any amounts from this set-aside remaining after sixty days from the date of implementation of this
program shall become available to all eligible applicants under this section.
• The SBA may make an initial grant of up to $10 million dollars to an eligible person or entity and a
supplemental grant that is equal to 50 percent of the initial grant.
• In the initial 14-day period of implementation of the program, grants shall only be awarded to eligible
entities that have faced 90 percent or greater revenue loss. In the 14-day period following the initial 14-
day period, grants shall only be awarded to eligible entities that have faced 70 percent or greater revenue
loss. After these two periods, grants shall be awarded to all other eligible entities.
• Such grants shall be used for specified expenses such as payroll costs, rent, utilities, and personal
protective equipment.
• Requires the Administrator to conduct increased oversight of eligible persons and entities receiving
these grants.
• Requires the SBA to submit a report to the Senate and House Small Business Committees 45 days after
enactment detailing their oversight and audit plan for shuttered venue grants and to provide monthly
updates on the oversight and audit activities conducted by the Administrator.
Click HERE to view the bill and to see if your organization is eligible to apply.
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