New COVID bill offers help for live venues
The Knoxville Small Business Development Center recently announced $15 billion has been allocated in the most recent COVID-19 Relief Act as grants for shuttered live performance venue operators.
According to Farragut West Knox Chamber of Commerce, those grants would be awarded through the Small Business Administration.
A Thursday, Jan. 7, FWKCC online newsletter stated the bill “authorizes $15 billion for the SBA to make grants to eligible live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theatre operators or talent representatives who demonstrate a 25 percent reduction in revenues.
“As of yesterday, the SBDC office has not seen what the application will look like and other eligibility requirements, but encourages any business who may qualify as a venue to contact them so they can get them registered in their system and get started early when the application for funding is open,” FWKCC president/CEO Julie Blaylock stated in the newsletter.
The bill allows these businesses to use the grants for specific costs, such as payroll, leases, utilities and other ordniary business expenses.
For more information about applying and eligibility for the grant, send an e-mail to loverstreet@tsbdc.org.
