Shuttered Venues Operators Grants – FAQs are now live!

Shuttered Venues Operators Grants – FAQs are now live!

The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020.

The program includes $15 billion in grants to shuttered venues, to be administered by the U.S. Small Business Administration’s Office of Disaster Assistance.

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 received a PPP loan on or after December 27, 2020

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.

 

For additional details, see the Shuttered Venue Operators Grants Frequently Asked Questions.

February 2, 2021 Member Announcements