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Palace sees financial relief from federal funds, other venues await an answer | The Daily Gazette
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CAPITAL REGION – The Palace Theater in Albany recently became one of 10 arts venues across New York state to receive financial assistance from the federal Shuttered Venue Operators Grants.
The $16 billion program, run by the Small Business Administration, is meant to help small independent venues, promoters, movie theaters and other entertainment venues that have been financially impacted by the pandemic.
During the last year, the Palace, like many arts organizations, has certainly been hit hard. After closing its doors at the onset of the pandemic in March 2020, the venue lost more than 90% of its income in the ensuing months.