GRANTS

On January 22, 2021, the U. S. Small Business Administration (SBA) posted preliminary guidance relating to Shuttered Venue Operator grants (SVO grants). Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees. Eligible Entities Include: Live venue operators or promoters Theatrical producers Live performing arts organization operators Relevant museum operators, zoos, and aquariums who meet specific criteria Motion picture theater operators, Talent representatives, and each business entity owned by an eligible entity that also meets the eligibility requirements. Other Requirements of Note: Must have been in operation as of February 29, 2020. Venue or promoter must not have applied for or received a PPP loan on or after December 27, 2020. Amount of Grant(s): For an eligible entity in operation on January 1, 2019, grants will be for an amount equal to 45% of their 2019 gross earned revenue OR $10 million, whichever is less. For an eligible entity that began operation after January 1, 2019, grants will be for the average monthly gross revenue for each full month you were in operation during 2019 multiplied by six (6) OR $10 million, whichever is less. Although applications are not yet being accepted, we encourage you to begin organizing your application NOW! This includes: Click here to register for the federal System for Award Management (SAM), which will be a required part of the application. Click here to get a D-U-N-S number on the Dun & Bradstreet website. Continue to check the SBA website for the most recent updates & FAQ by clicking here. Click here to watch the SBA Webinar for more information. #CurtainsUp NYC! Get Assistance with your SVO Grant Application Curtains Up NYC is a City of New York program that offers free application assistance for NYC businesses and nonprofits connected to live performance applying for the Shuttered Venue Operators Grant program of the federal government. Click here to sign up for a Curtains Up NYC webinar. Click here to sign up for one-on-one counseling (To receive this counseling: click the link; create an account with SBS Connect; select Financing Assistance; add in information). Click here for more information from the NYC Department of Small Business Services about the Shuttered Venue Operators Grant program. New York City Council Member Laurie A. Cumbo 55 Hanson Place Suite 778 Brooklyn, NY 11217