Venues won’t have to reapply for the Shuttered Venue Operators Grant

As music venues proceed to battle to make their means again after the previous 12 months of close to monetary spoil, the Small Enterprise Administration (SBA) has mentioned that there shall be no have to reapply for grants from the Shuttered Venue Operators Grant (SVOG).

These eligible for SVOG help embody venues which have seen a 70% or extra lack of funds all through the pandemic attributable to closures. Now, the SBA has revealed that those that utilized and have been accredited to obtain grants within the first two tiers of functions won’t have to resubmit in an effort to obtain further funding.

After first opening as much as permit venues to apply for SVOG in March, struggling venues shortly despatched of their functions, with the overwhelming demand inflicting the positioning to crash. After delays in dispersing the preliminary funds, a bit greater than $3 billion has now been unfold all through venues throughout the nation. Thus far, $4 billion in supplemental grants stays of the $16 billion reserved.

Those that already obtained a grant and are eligible for extra funding shall be supplied with half of their preliminary funds in a supplemental grant. Venues who didn’t obtain funds attributable to their software being denied, and are usually not suspected of fraud, shall be supplied with a 14-day interval to enchantment. Whereas the grant primarily gives funding for shuttered venues, music festivals, and amphitheaters which have additionally seen a 70% lack of funds may also change into eligible.

H/T: Billboard

Featured picture: Rebecca Smeyne

Tags: covid-19 music aid, music venues, SBA, Small Enterprise Administration, SVOG, The Shuttered Venue Operators Grant

Classes: Information