The Oklahoma Film + Music Office continues to monitor and supply up-to-date information on COVID-19 relief resources and programs designed to offer support for the Oklahoma film and music industries. Our staff along with industry stakeholders and community partners have worked together to provide these resources for direct assistance to Oklahoma’s creative industries.
As a result of collaborative efforts among Congress people, private sector music industry professionals that united to form the National Independent Venue Association (NIVA), and the 2.1 million emails constituents sent elected officials expressing their support for the Save Our Stages Act, independent venues and promoters have been included in the latest COVID-19 Relief Bill with the Shuttered Venue Operators Grant.
Specific guidelines and application window have not yet been released, but applications could open at any point. Because these details have not yet been announced, venues across the state who would like to apply for the Shuttered Venue Operators grant can prepare for the application process by taking the steps below.
WHAT IS THE SHUTTERED VENUE OPERATORS GRANT?
The U.S. Small Business Administration’s Shuttered Venue Operators (SVO) Grant program was established by The Economic Aid to Hard-Hit Small Businesses, Non-Profits and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, earmarked for live music and comedy venues, agents, promoters, theaters and festivals, to be administered by the Small Business Administration’s Office of Disaster Assistance.
Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.
WHO CAN APPLY?
Eligible entities include:
- Live venue operators or promoters
- Theatrical producers
- Live performing arts organization operators
- Relevant museum operators, zoos and aquariums who meet specific criteria
- Motion picture theater operators
- Talent representatives
- Each business entity owned by an eligible entity that also meets the eligibility requirements
Other requirements of note:
- Must have been in operation as of February 29, 2020
- Venue or promoter must not have received a PPP loan on or after December 27, 2020
STEPS BUSINESS OWNERS ARE ENCOURAGED TO TAKE TO PREPARE TO APPLY
- Prepare your financial records for 2019 and 2020. Grants will be based on gross revenue loss from April – December 2020.
- Determine the extent of gross earned revenue loss between 2019 and 2020 on a quarterly basis.
- Make PDFs of additional information such as floor plans, contract copies, and other items likely to be required.
- Be aware: Second draw of PPP and the Shuttered Venue Operators Grant are mutually exclusive. Businesses are only eligible for one.
- Registering for a System Award Management (SAM) account.
- Registering for a Duns Bar Number. More information on this and Steps You can Take to apply for a government backed loan here.
- For local assistance in preparing to apply for these funds, please contact the national mentoring organization, SCORE.
- Sign up for a regional mailing list and webinar and develop a direct relationship.
- Send specific questions about SVO eligibility to SVOGrant@sba.gov.
SMALL BUSINESS ASSOCIATION WEBINAR
The U.S. Small Business Association aired a webinar January 14 giving a preliminary overview of the Shuttered Venue Operators Grant program.
Information is subject to change. The Oklahoma Film + Music Office suggests frequently checking the SBA website for updates and eligibility requirements at SBA.gov/coronavirusrelief.
For additional Oklahoma emergency resources, visit okfilmmusic.org.