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ARTICLE · 05 JANUARY 2021

Front And Center: New SBA Grant Program For Shuttered Venue Operators

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The Consolidated Appropriations Act, 2021 (the "CAA"), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020.

United StatesFinance and Banking
Jordan M. Horowitz
Jordan M. Horowitz
Andrew Bettwy
Andrew Bettwy
Yuval Tal
Yuval Tal
Lauren K. Boglivi
Lauren K. Boglivi
Karen Garnett
Karen Garnett
Camille Higonnet
Camille Higonnet
Vincent Indelicato
Vincent Indelicato
Patrick D. Walling
Patrick D. Walling
Grant R. Darwin
Grant R. Darwin
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The Consolidated Appropriations Act, 2021 (the "CAA"), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020.  Section 324 of Title III of the CAA, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the "Hard Hit Act"), introduces a new $15 billion grant program through which the U.S. Small Business Administration (the "SBA") will provide aid to struggling live venue operators and related businesses.  This program offers a critical lifeline from the Federal government for the nation's performing arts venues, movie theatres and museums.  Grants made under such program are referred to in this publication as "SOS Grants".

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