Now that the $900 Billion COVID-19 Relief Package has approved and signed into Law. I’ve begun to unwrap it’s details beginning with an area that may not be discussed in great detail or as often as PPP or EIDL relief.
What’s new and exciting is that just over 15%, or $15 Billion, of the new program has been earmarked to help live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theater operators, and talent representatives who demonstrate a 25 percent reduction in revenues. Essentially, if your business utilizes ticket sales to generate receipts, then you may be eligible if you’ve experienced significant loss of revenue.
I’ve attached a very good article that details the following:
• Application Timing
• How to Calculate Amount
• Grant Money Spending Guidelines