Application Portal Reopening April 24
The U.S. Small Business Administration will reopen the Shuttered Venue Operators Grant application portal on April 24, 2021, at 12:30 p.m. EDT for operators of live venues, live performing arts organizations, museums and movie theaters, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief.
For more information about the Shuttered Venue Operators Grant program, visit sba.gov/svogrant.
Established by the Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act, $15 billion was appropriated for the SVOG program. The American Rescue Plan Act, signed into law by President Joe Biden on March 11, 2021, appropriated an additional $1.25 billion, bringing the program funding to a total of $16.25 billion, with more than $16 billion allocated for grants. Eligible applicants may qualify for a grant 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.
The SBA is accepting SVOG applications on a first-in, first-out basis and allocating applicants to respective priority periods as it receives applications. The first 14 days of SVOG awards, which are expected to begin in late April, will be dedicated to entities that suffered a 90% or greater revenue loss between April and December 2020 due to the COVID-19 pandemic. The second 14 days (days 15-28) will include entities that suffered a 70% or greater revenue loss between April and December 2020. Following those periods, SVOG awards will include entities that suffered a 25% or greater revenue loss between one quarter of 2019 and the corresponding quarter of 2020.
- 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
- Must have been in operation as of February 29, 2020
- Must have experienced at least a 25% loss in gross earned revenue during at least one quarter of 2020
- Is not listed on a stock exchange or majority owned and controlled by an entity listed on a stock exchange
- Does not have, or is not majority owned and controlled by an entity with, all three of the following characteristics:
1. Owns or operates venues, relevant museums, motion picture theatres, or talent agencies or talent management companies in more than one country;
2. Owns or operates venues, relevant museums, motion picture theatres, or talent agencies or talent management companies in more than ten States; and
3. Employs more than 500 employees as of February 29, 2020, determined on a full-time equivalent basis.
- For a full list of requirements, please visit see the SVOG eligibility requirements