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The program, established through the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act and amended by the American Rescue Plan Act includes is open to a variety of entertainment facing businesses, including venues operators, promoters, theatrical producers, talent reps, performing arts organizations, cinemas, museums, zoos and aquarium operators.<\/p>\n

Eligible applicants may qualify for 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.<\/p>\n

Grants can be used for a range of purposes, including covering payroll, rent, and utility payments, as well as worker protection expenditures, payments to contractors, and insurance payments among others.<\/p>\n

The grants will be administered by SBA\u2019s Office of Disaster Assistance.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

(CelebrityAccess) — The Shuttered Venue Operators Grant (SVOG) program, which will distribute more than $16 billion in targeted economic relief to companies affected by the industrywide shutdown imposed by the pandemic has officially begun accepting applications. 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