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Shuttered Venue Operators Grant

February 2, 2021 by HCED

Shuttered Venue Operators Grant

On Friday, January 29th, the Small Business Administration (SBA) released a set of frequently asked questions for the Shuttered Venue Operators Grant (SVOG) program. The FAQs do not specify when the SBA will start accepting applications but does recommend actions potential applications should be taking while the SBA builds the application platform.

The $15 billion SVOG was created by The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the COVID-19 relief bill that was signed into law in late December and also revived the Paycheck Protection Program). The SVOG will provide eligible applicants with grants equal to 45% of their gross earned revenue, up to a maximum of $10 million.

What venue operators should be doing now:

Obtain a Dun & Bradstreet number, click here: DUNS

https://fedgov.dnb.com/webform/index.jsp…

Register in the System for Award Management, sam.gov (ITIN and EIN cannot be used)

https://sam.gov/SAM/…

Organize documentation showing employee count and monthly revenue

Determine and document gross earned revenue loss in 2020 compared to 2019

Shuttered Venue Operators Grant FAQ

Shuttered Venue Operators Grant Program Website

https://www.sba.gov/…/shuttered-venue-operators-grant…

Journal of Accountancy – SBA issues FAQs for Shuttered Venue Operators Grants

https://www.journalofaccountancy.com/news/2021/feb/sba-faqs-shuttered-venue-operators-grants-ppp-relief.html?utm_source=mnl:alerts&utm_medium=email&utm_campaign=01Feb2021&utm_content=button&inf_contact_key=af9c3646e437e263556c44fe71bf3ffb

Belynda F. Allen
Executive Director
Hancock County Economic Development Corporation
Phone: 217-440-8909
Email: [email protected]

 

 

 

Filed Under: News & Updates Tagged With: Hancock County Economic Development, Hancock County Illinois

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