Shuttered Venue Operator Grant Program

Shuttered Venue Operator Grant Program

Under the new Emergency Coronavirus Relief Act of 2020 signed into law on December 27, 2020, the Small Business Administration will disburse $15 billion in grants to shuttered venues. There is $2 billion set aside for venues with less than 50 full-time employees. Venues, theaters, museums and zoos that saw a 25 percent reduction in revenue may receive grants of up to $10 million with the option for a supplemental grant equal to 50 percent of the initial grant.

Eligibility

• Live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theatre operators, or talent representatives
• 25 percent reduction in revenue due to the pandemic
• Must not have received a PPP loan
• For the first 14 days of the program, only entities with 90 percent or greater revenue loss will be awarded
• In the 14 days following the first round, only entities with 70 percent or greater revenue loss will be awarded
• Following these two rounds, grants will be awarded to all other eligible entities

Funds

Funds may be used for specific expenses, which include:

• Payroll
• Rent
• Utilities
• Personal Protective Equipment