Shuttered Venue Operators are Thrown a Lifeline as the Show Must Go On
Save Our Stages Act: $15 Billion in Grants to Shuttered Venue Operators
This article has been revised with updated information as of 2/2/21
By Garrett M. Higgins, CPA, Partner and Eva Mruk, CPA, EA, Partner
Described as a lifeline, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Hard-Hit Act) introduced a new $15 billion grant program that provides aid to the arts and entertainment industry. Administered by the U.S. Small Business Administration (SBA) Office of Disaster Relief, the Save Our Stages Act (SOS Act) established the new grant program known as the Shuttered Venue Operator (SVO) Grants program.
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