News
U.S. Small Business Administration News
Web Site:
http://www.sbaonline.sba.gov
409 Third Street, SW,
Washington, DC 20416
Tel: (860) 240-4654
Fax: (860) 240-4659
View all News Articles for U.S. Small Business Administration
SBA Shuttered Value Operators Grant
June 30, 2021
The U.S. Small Business Administration's Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The most recent public data indicates 36 grant awards in Connecticut totaling $14,463,327. There is a set-aside in place for smaller applicants, $2 billion is reserved for eligible applications with up to 50 full-time employees. As of the most recent report, there are still funds available in this bucket. So far, about $584 million has been allocated out of the $2 billion.Of the 36 Connecticut entities that have received awards, the smallest award was under $5,600 and the largest $5.7 million was awarded to The Bushnell, Hartford, CT.
Eligible entities may be live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theatre operators or owners, and talent representatives, per the Economic Aid Act. The SVOG portal is still open to receive applications.
The list of grantees is public information and is now posted on our SVOG webpage, you can find it here: Shuttered Venue Operators Grant (sba.gov)
Member News is provided as a service of the Midstate Chamber of Commerce and is also featured in the monthly "Chamber News" newsletter mailed to members.
The “original publication date” of Member News articles posted on this web site reflects the date this article was added to the Chamber database and may not necessarily reflect the date such news events occurred.