Radio.com (Feb 26) reports:
The relief was from the "Shuttered Venue Operators Grant", a $15 billion allocation passed by Congress in December. At least $2 billion of the funds are intended to go to small employers with up to 50 full-time employees. Despite the grant money being signed into law two months ago, local music venues still can't apply for the funds because the Small Business Administration is not accepting applications.
One question I have is: Is this delay specifically related to the $2 billion set aside for venues with up to 50 full-time employees or related to the whole $15 billion?
The site got a response from the Small Business Administration:
The SBA is building the SVOG program from the ground up and working expeditiously to ensure all the mechanisms required by law and the federal grant application/awarding process, as well as front-end protections, are in place to ensure these vital grants are delivered to those the law intended to assist. While the agency builds and prepares to open the Shuttered Venue Operators Grant program, the dedicated SBA webpage, www.sba.gov/svogrant, which includes frequently asked questions, video tutorials and other SVOG details, is the best source for information.
Okay so delays appear related to making sure that venues and other businesses that qualify for the $15 billion get the money. I'll wait for the story about the restaurant that got $1 million in grants, because they employed a violinist and they decided to call themselves a venue. And the kicker will be that the violinist was used to let people know that they were about to end up sleeping with the fishes.
My current belief is that Los Angeles music venues will open up between September and early 2021. If I am correct, music venues in Los Angeles will have been shut down at least 18 months before being able to operate. How do they even survive that long even with Save Our Stages funding? Based on the announcement from Texas and Mississippi, I assume that their music venues will be opening up (if they weren't already opened up). I'd assume they would apply for their piece of Save Our Stages funding. They have back rent or loan payments / property taxes as well as other expenses that need covering so it isn't like fewer venues will be applying for money, resulting in more funding available for other venues that are in states that are shut down for much longer.
I scan Instagram every so often wondering what the situation is at various venues. From what I can tell, venues aren't communicating much about their financial health. (Yes, Silverlake Lounge has recently been very open about their situation, but they're in a specific situation.)
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