Over 200 members of Congress are demanding the Small Business Administration provide faster relief payments to shuttered venues.
The Shuttered Venue Operations Grant was established by a December 2020 law (Public Law 116-260) to support venue operators as the pandemic continued its toll on small businesses. But the program’s rollout has hit several obstacles, adding to economic instability and uncertainty for venue operators.
- The grant program’s application portal crashed on April 8, delaying its opening to April 28, which lawmakers say has slowed down application reviews and funding distribution.
- Only 411 grants have been approved out of the 14,000 applications submitted as of June 14, according to the Office of Disaster Assistance.
- Lawmakers are asking the SBA when businesses can expect the funds to disburse, what is causing the delays, and whether Congress should step in to expedite the process.