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Theater and Music Venue Lobbyists Demand That Small Business Administration Release COVID Relief Funding
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thewrap.comPassed as part of the COVID-19 relief package last December, the Small Venue Operator Grant program promised to provide $15 billion in federal aid to theaters, music halls, and other independent venues that have been closed and lost upwards of 70% of their annual revenue during the pandemic.
But now the Small Business Administration has missed its June 9 deadline to send out the first wave of payments to those who have reported annual losses of over 90%.“More than 4,910 small business owners in the first priority period, those with the greatest need, and an additional 10,000 independent businesses that fall into the second and third priority periods, are still waiting for emergency relief funding,” the statement by the National Association.
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