City Of NOLA Urges Business Community To Prepare For Upcoming Shuttered Venue Operators Grant

New Orleans LA

23 January, 2021

4:33 PM

Description

From the City of New Orleans: January 22, 2021 The City of New Orleans today 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. Learn more about the guidelines by clicking on this link. Note: the application process is expected to be very competitive. Also: all questions and/or requests for additional information, please email [email protected]. All emails regarding SVO Grants will be sent using an official government email address ending in @sba.gov. Learn more below about the following topics: Program details Who can applyAmount of SVO Grant How to apply Allowable use of funds For more information This press release was produced by the City of New Orleans. The views expressed are the author's own.