Almost Half of Shuttered Venue Grant Purposes Permitted Thus Far

The SBA has accredited 43% of Shuttered Venue Grant functions, in accordance with Billboard.

A brand new report states the Small Enterprise Affiliation has notified 6,610 of the full 15,026 candidates of their approval. On the flip facet, one other 440 functions have been declined to date.

Per SBA’s web site, this system consists of over $16 billion in grants for shuttered venues. The grants are to be distributed to venues, theaters, and different dwell leisure areas, for as much as 45% of their gross earned income misplaced through the lockdown.

The Shuttered Venue Operators Grant (SVOG) program was established by the Financial Support to Laborious-Hit Small Companies, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act.

The web utility system skilled numerous delays earlier than it was lastly up and working this yr.

Extra data and apply here.

Supply: Billboard