Small Business Administration
Venues Won’t Have to Reapply for Supplemental Shuttered Venue Grants
The Shuttered Venue Operators Grant was passed in December and supplemental grants were worked into the bill language to provide additional funding for entertainment businesses that continued to suffer closures into 2021. More than six months after the bill was passed, following failed launches and missed deadlines, venues are slowly receiving the much-needed initial round of funding, with just over $3 billion disbursed as of Monday. Information on how the supplemental grants will work continues to be minimal, but the SBA provided stakeholders with additional details this morning. In addition to year-round entities that lost 70% or more of their revenue in 2020, seasonal events such as annual festivals or amphitheaters that lost 70% or more of their revenue in...
