WASHINGTON — The U.S. Small Business Administration announces a call to all eligible Shuttered Venue Operators Grant applicants seeking economic aid for live entertainment small businesses, nonprofits and venues. New applications will be accepted until 11:59 p.m. PT Aug. 20.
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.
While the application portal will close to new applicants, the SBA will continue delivering economic aid to help venues recover by providing critical relief through the supplemental awards program. Later this month, the SBA will open the program for supplemental SVOGs for 50% of the original award amount, capped at a total of $10 million (initial and supplemental combined). Details will be announced at a later date.
Additionally, to ensure no eligible venue is left behind, the SBA is accepting, by invitation, applications for reconsideration of award amounts and appeals. This rare opportunity gives applicants a chance to prove their eligibility and reverse a prior decision. SBA is committed to delivering relief to entertainment venues through these various options. Should the need arise, the SBA may reopen the portal or make other adjustments to its plan to best meet the needs of small businesses.
For additional information on SBA’s Economic Relief programs, visit sba.gov.
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