SBA webinar today details Shuttered Venue Operators Grant program

Posted 14 January 2021 at 8:38 am

Press Release, Congressman Chris Jacobs

WASHINGTON, D.C. – Congressman Chris Jacobs (NY-27) is announcing a webinar hosted by the Small Business Administration (SBA) to discuss the Shuttered Venue Operators Grant.

“I first want to commend the SBA for their tireless work to support our small businesses and our communities,” Jacobs said. “One of my top priorities since taking office has been to deliver economic relief to support millions of American small businesses. When we passed the most recent Covid-19 aid package, not only did we deliver $284 billion to support the Paycheck Protection Program, but we also enacted additional provisions such as the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act that continue to represent our commitment to a strong American comeback.”

This legislation allocated $15 billion to the Shuttered Venue Operators Grant program, which offers up to $10 million in grant funding to eligible organizations. The webinar will take place on January 14th, 2021 at 3 p.m. EST, and will cover eligibility, accessibility of grants, and the application process.

Please be advised this webinar will fill up fast, if additional sessions become available an update will be provided. To register for the webinar, click here.

In addition, the Paycheck Protection Program is currently open to both first time recipients and applicants seeking a second draw. The funding is being distributed through Community Financial Institutions. To be eligible for a second loan, a borrower must meet the following criteria: 1) received a first-time loan and has or will use the full amount for authorized uses 2) has no more than 300 employees, and 3) can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

For more information on the Paycheck Protection Program, click here.