The funding would be designated for small, independent music and entertainment venues.
United States senators John Cornyn (Texas) and Amy Klobuchar (Minnesota) have introduced the “Save Our Stages” act, a relief bill intended to financially support independent music and entertainment venues during the Covid-19 crisis.
According to a statement issued regarding the measure, the plan is to provide some six months of financial support and “keep venues afloat, pay employees and preserve a critical economic sector for communities across America.”
What makes the act particularly important is that the grant funds will be made available to small, independent venue operators, promoters and talent representatives. The maximum amount of the grant is either 45% of the business’ operation costs from the previous year or 12 million, whichever is less.
NIVA, the National Independent Venue Association issued the following statement in support of the “Save Our Stages” Act. “While existing government assistance programs have helped other industries, they weren’t tailored to meet the needs of small businesses like ours that have zero revenue, enormous overhead and no visibility into when we can fully re-open.
The ‘Save Our Stages’ Act will provide the assistance we need to get through the shutdown until we can reopen safely and once again become the economic generators for our communities that we’ve always been.”
For more information on the National Independent Venue Association and Save Our Stages visit https://www.saveourstages.com