SBA $16 Billion Program to Provide Aid for Live Event Businesses
by Jim Bea Sampaga
Starting April 8, live event businesses can apply for Small Business Administration grant funding under the Shuttered Venue Operators Grant Fund (SVOG). Live event businesses include museums, independent movie theaters, music clubs, performing arts centers and other live venue operators.
“This pandemic has been particularly brutal for businesses that depend on people being able to gather in person so this new funding will be a big help,” said U.S. Senator Brian Schatz (D-Hawaii).
The SVOG fund is a $16 billion program to help live event businesses stay afloat during the COVID-19 pandemic. Two billion is set aside for eligible businesses that employ fewer than 50 full-time employees.
To learn more about the SVOG program, visit www.schatz.senate.gov/coronavirus/small-businesses/live-venues.