A $16 Billion Covid-19 Rescue Program for Music Venues Fails to Launch

Hundreds of efficiency venues thought final week would mark the tip of an extended anticipate rescue funds from a federal program designed to assist them survive the coronavirus pandemic.

They had been incorrect.

The Small Enterprise Administration opened this system—a $16 billion initiative meant to supply grants to live performance halls, theaters and museums—on April 8, however shut down the applying portal hours later, citing technical glitches. An SBA spokeswoman mentioned Friday the company was working to check the applying portal’s performance, and aiming to reopen it by the tip of subsequent week.

“We all know this funding is urgently wanted now and are doing all we will to reopen with the best quantity of certainty as doable,” the spokeswoman mentioned.

Many small and independently operated music venues and different performing-arts areas say they want the cash to remain afloat in an trade that has been hit arduous by the Covid-19 pandemic. This system, a part of a $900 billion rescue package deal accepted by Congress in December, goals to offer grants of as much as $10 million per enterprise.

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