Supplemental Grants Now Available for Shuttered Venues

The U.S. Small Business Administration (SBA) announced that it will send invitations for supplemental awards for the Shuttered Venue Operators Grant program.
Per the Economic Aid to Hard-Hit Small Businesses, Non-profits and Venues Act, supplemental awards are to be provided to those who received an initial grant and have demonstrated a 70% loss when comparing 2021’s first-quarter revenues to the same in 2019.
Thus far, approximately $9 billion has been awarded in initial Shuttered Venue Operators Grants to more than 11,500 venues, providing a critical lifeline for theaters, live venue spaces, and other entertainment and cultural hubs as they recover from the pandemic, re-open in many communities across the nation, and continue contributing to local economies.
Supplemental award applicants can choose to apply for any amount up to 50% of their original grant amount, with a $10 million cap of the initial and supplemental awards combined, according to the law. The supplemental awards also allow recipients to extend the time to use their grant funds for expenses accrued through June 30, 2022, and lengthen their budget period to 18 months from the initial grant’s disbursement date.