Preliminary SOS Webinar, Relaunch of PPP, and New NEA Resources
January 12, 2021
In This Issue |
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This Thursday! SBA to Host Preliminary "Save Our Stages" Webinar |
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The Small Business Administration (SBA) will host a preliminary webinar regarding the Shuttered Venue Operators Grants (known to advocates as the Save Our Stages Program) this Thursday, January 14, at 3:00pm Eastern. While complete guidance on implementation of the program is not available, the webinar will provide initial information about the grants, who can apply, how potential applicants can prepare, and additional details re: eligibility and applications. |
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The SBA and U.S. Department of Treasury continue to issue new guidance and forms for implementing first and second draw Paycheck Protection Program forgivable loans. A reminder that guidance is still awaited for implementation of the Shuttered Venue Operators Grants (Save our Stages) and the newly-expanded Employee Retention Tax Credits. Entities must choose to either receive an SOS grant or a 2021 PPP loan. Employee Retention Tax Credits are expected to be accessible to PPP and SOS recipients, as long as multiple federal resources are not used to support the same payroll periods. We will alert you as soon as additional details are available. The PPP program has re-opened, with first draw loan applications accepted by Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs) and Microloan Intermediaries beginning January 11, and second draw applications accepted by those lenders starting January 13. Applications will soon be accepted by all other lenders, at a date yet to be announced by the SBA. Meanwhile, following are key links to SBA resources: General Resources SBA Guidance on First Draw Loans
SBA Guidance on Second Draw Loans |
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National Endowment for the Arts: New COVID-19 Research and Reports |
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The National Endowment for the Arts (NEA) has added to its growing collection of COVID-19 resources with the release of The Art of Reopening: A Guide to Current Practices Among Arts Organizations During COVID-19, which surveyed national arts service organizations and conducted interviews about reopening practices of organizations that have resumed in-person programming in 2020. The 42-page report presents promising tactics-such as being transparent when the unexpected happens and developing stronger ties with one's local community-as well as nine case studies. |
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Please see the League's overview of the latest COVID-19 relief package for a top-line summary of the $900 billion package that was signed into law on December 27. We will be adding details and links to official guidance as federal agencies issue more information about the fine print of eligibility and the timeframe for accessing relief. |
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