According to figures released Monday, the Small Business Adminstration has awarded $7.5 billion of the $16 billion in #SaveOurStages federal relief to independent venues that was signed into law late in December, of which $6.3 billion has been paid out.disastrous bureaucratic delays
— which saw just 100 venues receiving funds as of June 10, resulting in the permanent closure of many other cash-strapped establishments — there is still a long way to go, and many venues say they still have not received a response from the SBA. Known as Small Venue Operators Grants , the program has moved relatively quickly since it was placed under new supervision in June. Looking at the numbers released on Monday, of the 15,429 applications submitted by venues to the SBA, 9,844 have received “notice of award” — which does not mean they have actually received funds — with 2,718 declined. Some 2,027 businesses — 14% of the total, all of which applied for aid within the first 60 days — have not received notice about their applications.
“I am grateful that live venues and cultural institutions in Maryland and nationwide are beginning to receive the aid they need to survive the COVID-19 pandemic and recover from the worst economic crisis in nearly 100 years,” Senator Ben Cardin, Chairman of the U.S. Senate Committee on Small Business and Entrepreneurship said. “I have already heard from many venue operators in Maryland who intend to use their SVOG funds to catch up on bills, quickly rehire staff, and prepare for reopening.
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