A glimmer of good news for theatres, producers and other live-performance operators suffering during pandemic

Theatre owners, operators and producers are among those eligible for the Shuttered Venue Operators Grant program being administered by the Small Business Administration.

The program was created under 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.

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.

This grant program cannot be used by a business that is receiving funds this year under the Paycheck Protection Program. It's either-or, so you'll want to talk with your tax and financial advisers before selecting which program under which to apply.

More information about the program and how to apply (when applications begin being accepted next month) available at: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/shuttered-venue-operators-grant

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