SVOG #SaveOurStages grant distributions to finally begin next week says SBA
5 months after a $16 billion aid package was signed into law to help the struggling indie live music sector, desperately needed Shuttered Venue Operating Grant distributions are finally set to begin.
The SBA had been telling venues that distributions would begin in late May. Yesterday, SBA agency administrator Isabel Guzman told the Wall Street Journal that next week is the target.
12,000 Hopeful Applicants
More than 12,000 applications for SVOG fund agents have been submitted since the program opened April 26, according to new SBA data. Of those, 5,004 applicants were live venues and promoters; 2,853 were performing arts organizations, and 1,411 were agents and talent representatives.