LI ARTS: Update SVO Grant, February 19, 2021 + Other SVOG News & Resources

~~~~~~~~~~~~~~~~~~~~

IMPORTANT SVO GRANT UPDATE

FEBRUARY 19, 2021

—————

The Small Business Administration (SBA) posted a major development to its website today, confirming that lost “Earned Revenue” will be the measurement in determining which Priority Period an organization qualifies for in awarding Shuttered Venue Grants.

————

This is welcome news to our nonprofit arts members because you will not be required to include your contributed revenue in the calculation to determine if you had at least a 90%, 70% or 25% revenue loss between April 2020 through December 2020, in comparison to 2019. Please also note, none of the federal CARES Act funds need to be included in the revenue calculations either.

————

The following chart was posted on the SBA’s Shuttered Venues Website, February 19, 2021:

——————

~~~~~~~~~~~~~~~~~~~~

Other Shuttered Venue Operator Grant (SVOG) News and Resources:

SBA posted a new DUNS and SAM.gov Registration Training Video as of February 18, 2021.
SBA posted a Simple Cross-Program Eligibility Table of various SBA programs that you can and cannot apply for simultaneously.
Regularly visit the SBA website for SVOG updates on their upcoming webinars and other technical assistance.

Lauren Wagner

Director | Long Island Arts Alliance