SBA WEBINAR: Shuttered Venue Operators (SVO) Grant - Tues., March 30, 2021

SOURCE: Business.NJ.gov


The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. Applications are slated to go live on April 8, 2021 Visit the program application page to sign up for updates.

Prior to the official SVOG application opening, the SBA will host a national informational webinar to highlight the application process for potential eligible entities from 2:30 to 4 p.m. ET on Tuesday, March 30, 2021. Those interested in participating can register here.

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. Eligible entities include:

  • 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

Grant amounts will reflect either of the following instances: For an eligible entity in operation on January 1, 2019, grants will be for an amount equal to 45% of their 2019 gross earned revenue OR $10 million, whichever is less. For an eligible entity that began operation after January 1, 2019, grants will be for the average monthly gross earned revenue for each full month you were in operation during 2019 multiplied by six (6) OR $10 million, whichever is less. Applicants should view the applicable video tutorials to prepare for the application opening: Video tutorials Shuttered Venue Operators Grant Overview SAM.gov Entity Registration Training Eligibility for Live Venue Operators or Promoters Eligibility for Talent Representatives Eligibility for Museum Operators Eligibility for Motion Picture Theatre Operators


READ MORE:

https://business.nj.gov/covid/federal-or-sba-financial-assistance-programs


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