Small Business Administration offers grants to venues shuttered during COVID-19 pandemic

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Fans and patrons of the Landmark River Oaks Theatre do the “Time Warp”, from the “Rocky Horror Picture Show” as they demonstrate against the potential closure of the historic movie theater Sunday, March 7, 2021, in Houston. The historic Houston theater that director Richard Linklater called his “film school” and that for decades was the place to catch hard-to-find independent and foreign films has closed for good. Like many U.S. movie theaters and other businesses, the River Oaks Theatre was a victim of the coronavirus pandemic.. ( Brett Coomer/Houston Chronicle via AP)

PORTSMOUTH, Va. (WAVY) — The Small Business Administration is now offering grants for venues that shuttered due to impacts from the COVID-19 pandemic.

The Shuttered Venue Operators Grant (SVOG) program was created under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act last year, and then amended by President Joe Biden’s American Rescue Plan Act.

The program offers more than $16 billion in grants for closed venues.

Eligible applicants can apply for grants equal to 45% of their gross earned revenue. The maximum grant amount for a single award is $10 million.

$2 billion is reserved for eligible applications with up to 50 full-time employees.

The grants will be given by the SBA’s Office of Disaster Assistance.

For more information on eligibility, how to apply, program details and more, visit the SBA Shuttered Venue Operators Grant website.

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