Over 670 unbiased venues and stay music promoters within the US have now obtained monetary help from the federal government following the coronavirus pandemic-enforced shutdown of stay music.
The Small Enterprise Administration (SBA) lastly started rolling out funds from its Shuttered Venue Operators Grant (SVOG) program earlier this month, practically six months on from the Save Our Phases Act passing into regulation.
As Billboard studies, 677 grants from the SVOG have now been awarded to unbiased venue operators and promoters within the US who’ve suffered a considerable drop in earnings because of the pandemic. As of yesterday (June 21), a complete of 1,445 candidates had obtained award notices for funding from the federal aid program.
The SBA has additionally confirmed that no less than 5,004 stay music venues and promoters within the US have utilized for a grant, which means that solely 13.5 per cent have obtained any funding thus far.
Among the many recipients of the funding are the Lodge Room in LA and The Palace Theatre in Albany, New York, whereas aid has additionally been granted to the promoter Nederlander Live shows, competition producer Danny Wimmer Presents and Sterling Venue Ventures (by way of Billboard).
The SBA did are available in for criticism final month after it was revealed that they’d but to distribute any aid from the SVOG to unbiased venues.
A consultant for the SBA advised Variety that “the SBA is dedicated to rapidly and effectively delivering this pandemic aid to assist our theatres, music venues and extra get the assistance they want”.
Within the UK, new analysis has discovered that the stay music trade is going through large workers shortages as gigs start to return.