City Urges Businesses to Prepare for Shuttered Venue Operators Grant 

Virus Outbreak Music Venues
In this October photo, a bar inside a closed Tipitina’s music club is converted to a window service coffee shop for revenue during the COVID pandemic. (AP Photo/Gerald Herbert)

NEW ORLEANS — The City of New Orleans is urging owners of small businesses that have been adversely impacted by the COVID-19 pandemic to consider applying for the Small Business Administration’s (SBA) planned Shuttered Venue Operators Grant (SVO). 

While the application process has not yet begun, the SBA recently released guidelines on who may qualify for the grants.

Per the SBA, the Shuttered Venue Operators Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on Dec. 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA’s Office of Disaster Assistance. 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.

Click here to learn more about the guidelines. Note: the application process is expected to be very competitive. Also: all questions and/or requests for additional information, please email SVOGrant@sba.gov. All emails regarding SVO Grants will be sent using an official government email address ending in @sba.gov. 

Categories: COVID-19, Dining/Entertainment, Hospitality, Today’s Business News