SBA reopens application process for Shuttered Venue Operators Grants
The U.S. Small Business Administration has reopened the application process for eligible Shuttered Venue Operators Grant (SVOG) applicants seeking economic aid for live entertainment small businesses, nonprofits and venues. The SVOG program has so far awarded $8.4 billion in grants to more than 10,800 businesses to assist in getting the nation’s cultural institutions, which are critical to the economy and were among the first to shutter, back on track.
“We know that the SVOG had a rough start, but the SBA has worked diligently to make corrections and get the much-needed support to our entertainment venues,” said Marla Trollan, SBA Utah district director. “Our venues were first to get hit and many of them are still struggling to get back on track. Opening up funds for additional SVOG awards is the aid many of these businesses need and we are happy we can provide this further assistance.”
After the application portal closes to new applicants, the SBA will continue delivering economic aid to help venues recover by providing critical relief through the supplemental awards program. Late in August, the SBA will open the program for supplemental SVOGs for 50 percent of the original award amount, capped at a total of $10 million (initial and supplemental combined). Additionally, to ensure no eligible venue is left behind, the SBA is currently accepting, by invitation, applications for reconsideration of award amounts and appeals. This gives applicants a chance to prove their eligibility and reverse a prior decision.
“After making much-needed improvements to this vital program, we’ve made swift progress getting more than $8 billion in funds into the hands of more than 10,800 performing arts venues and other related businesses — two-thirds of which employ less than 10 employees. These small businesses suffered disproportionate impacts from the pandemic and were often left out of early rounds of relief,” said SBA Administrator Isabella Casillas Guzman. “However, we also know so many small businesses continue to struggle. That’s why, as this program nears the finish line, we’re providing additional funding options for our hardest-hit venues through our supplemental awards program, which will provide another critical lifeline to ensure businesses can reopen and stay open.”