Regional/State Arts & Cultural Updates
New relief grants for arts and entertainment businesses
Small businesses/ sole proprietors that meet the eligibility requirements can apply for reimbursement for qualified business expenses incurred between March 1, 2020 and May 1, 2021. The program has been recently expanded.
- While hospitality industry businesses are being prioritized in review order, other businesses are still eligible to receive funding and are encouraged to apply.
- To be eligible, businesses/ sole proprietors must have been profitable and have had less than $10 million in revenue (Gross Receipts or Sales) in 2019 and must demonstrate a monthly gross revenue loss of at least 30% compared to pre-COVID 2019 average monthly revenue.
- Reimbursements for expenses may be awarded up to $10,000 for each month but may not exceed $50,000 total. Expenses may be reimbursed up to 80% for non-payroll expenses and up to 100% for payroll expenses.
- Nonprofit organizations are not eligible for this opportunity.
Hospitality & Entertainment Grant
Entertainment venues, promoters, and hospitality businesses that meet the eligibility requirements can apply for reimbursement for qualified business incurred between March 1, 2020, and Dec. 31, 2021.
- To be eligible, the business must have been profitable in 2019 (determined by EBITDA) and have had between $10 million and $35 million (Gross Receipts or Sales) in revenue in 2019.
- Qualified expenses include payroll – which may be reimbursed up to 100% – and non-payroll expenses, such as insurance premiums, rent or mortgage payments, utilities, lease payments, and safety investments – which may be reimbursed up to 80%.
- Reimbursements may be awarded up to $100,000 for each month but may not exceed $1 million total for each eligible business.
- Nonprofit organizations are not eligible for this opportunity.
If you have questions about either of these opportunities, please reach out to your nearest Indiana Small Business Development Center Office or call 888-472-3244.
We hope that artists and creative businesses in your community can take advantage of these opportunities. Please share these grants with any artists or businesses that you think might be interested.
Shuttered Venue Operators Grant (SVOG) Program
Things to Know about the Shuttered Venue Operators Grant
The SBA will begin accepting SVOG applications on April 8.
Register for the national SVOG webinar on March 30; submit questions by March 29.
You can now receive both a PPP loan and an SVOG.
There are tools are here to help you get ready.
Tap local SBA partners for technical assistance.
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Portal > https://www.svograntportal.sba.gov/s/
Webinar > https://www.eventbrite.com/.../svog-application...
Relief options > https://www.sba.gov/funding.../loans/covid-19-relief-options
Tools > https://www.sba.gov/.../shuttered-venue-operators-grant
Local Assistance > https://www.sba.gov/local-assistance
NEW FROM ARTS MIDWEST:Announcing the GIG FundArts Midwest has announced the launch of new granting program called the GIG (Grow, Invest, Gather) Fund, designed to provide support to arts organizations as they re-build and re-imagine during the continued uncertainty caused by COVID-19. These flexible grants will help organizations across the Midwest increase their capacity to gather their community to experience the power of creative expression together. About the FundThe GIG Fund builds upon Arts Midwest’s touring grants program, which in various forms over the last 35 years has given grants to performing arts organizations across the Midwest to support touring dance, music, and theater performances. However, over the last year the challenges of COVID-19 have brought the touring circuit almost to a halt. To respond to these changes in the Midwest creative sector, the GIG Fund will offer financial support to arts and culture organizations that helps them build a bridge towards presenting touring artists in the future. Nonprofit organizations located in Illinois, Indiana, Iowa, Michigan, Minnesota, North Dakota, Ohio, South Dakota, or Wisconsin and the Native nations that share this geography can apply to receive $2,500 from the GIG Fund. These grants will support costs associated with engaging artists in community experiences as safely as possible given the current circumstances of the COVID-19 pandemic. Grants can be also allocated be towards capacity building work. The Arts Midwest GIG Fund next deadline:
To learn more about the GIG Fund and view full application guidelines, please visit the Arts Midwest GIG Fund website. |
The Paycheck Protection Program (PPP) application deadline has been extended to May 31, 2021.
Americans for the Arts explains what the extension could mean for you:
For those of you who plan to submit an SVOG application on or after April 8, 2021, and you are also interested in securing a PPP loan now, you must apply for the PPP before you apply for the SVOG.
Please give banks and lenders a few days to update their systems with the PPP extension deadline.