Relief for Live Performance Venues: Shuttered Venue Operations Grant Program (SVOG)
The $16.25 billion SVOG program, which provides grants to shuttered venues affected by the COVID-19 pandemic is targeted to certain types of entities in the arts and entertainment industry: live performance venues, museums, and movie theaters. These lines of business are among those most significantly affected by COVID-19 and are projected to be among the most delayed to recover to pre-pandemic levels of economic activity.
The March 19 report by the Congressional Research Service, which provides briefing materials for the U.S. Congress, examines the SVOG’s implementation, eligibility requirements, grant amounts, legal requirements, allowable use of proceeds, and recordkeeping requirements. Interested parties are urged to contact their lending institution for more specific details.