Established under the Consolidated Appropriations Act of 2021, this program authorizes $15 billion for the Small Business Administration to make grants to eligible live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theater operators, or talent representatives who demonstrate a 25 percent reduction in revenues.
Administration: The Associate Administrator for the Office of Disaster Assistance of the Small Business Administration.
Eligible Entities
Must be a:
Live venue operator/promoter
Theatrical producer
Live performing arts organization operator
Relevant museum operator
Motion picture theatre operator
Talent representative
The entities listed above must have been fully operational on 2/29/20 and have gross earned revenue during the first, second, and third calendar quarters or only with respect to an application submitted on or after 1/1/21, fourth quarter in 2020 demonstrating at least 25% reduction from the gross earned revenue of the eligible entity.
As of the date of the grant the eligible entity must be in the process of or intend to resume all operations relevant to their respective organizations.
Eligible Entity Restrictions
Eligible entities must not be majority owned or controlled by an issuer of securities listed on a national securities exchange
Must not have received more than 10% of the entity’s gross revenue from 2019 federal funding, excluding funds received from the Stafford act.
Must not have or is not majority owned/controlled by an entity with more than 2 of the following characteristics:
Owning or operating venues, relevant museums, motion picture theaters, or talent agencies or talent management companies in more than 1 country
Owning or operating venues, relevant museums, motion picture theaters, or talent agencies or talent management companies in more than 10 states
Employing more than 500 employees as of February 29, 2020, determined on a full-time equivalent basis in accordance to subparagraph C
Must not present live performances of a prurient sexual nature; or derives, directly or indirectly, more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature.
Use of Funds
Payroll costs
Rent obligation
Utility payment
Covered worker protection expenditures
Maintenance
Administrative costs
State and local taxes and fees
Operating leases in effect as of 2/15/20
Insurance
PROHIBITED USES OF FUNDS:
Purchase real estate
Payments of interest/principal on loans originated before 2/15/20
To invest or re-lend funds
Contributions/expenditures to or on behalf of any: political party, party committee or candidate for elective office