The “Shuttered Venue” grant is designed to help ensure that venues that host in-person events can survive. Grants can be equal to 45% of gross earned revenue in 2019 up to $10 million. The first $2 billion of this grant money has been reserved (for a limited time) for smaller venues (up to 50 full-time employees). If a business has received a first draw PPP loan in 2020, they can still qualify.
Types of businesses that may qualify:
· Movie theatres
· Live venue operators or promoters
· Performing arts, museums, zoos
· Talent representatives
· Other venues that sell tickets and that have as their principal business in-person events
· The SBA (not banks) will be administering these grants.
For more information: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/shuttered-venue-operators-grant
** Remember to share this information with the business owners in your network.