U.S. CULTURAL INSTITUTIONS BOUYED BY RELIEF PACKAGE

Dec 22, 2020

By Andy Johnson

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There is some optimism among music venue owners, theatre producers and cultural institutions with the passage of that $900 billion COVID-19 relief package in the US Congress.

The relief package contains $15 billion to help weather a crisis that has closed theaters and silenced halls across the United States.

Many small proprietors have described it as their last hope for being able to remain in business after a nearly year long revenue drought.

However, all is not sweetness and light.

The leaders of some large nonprofit cultural organizations are worried that the bill gives priority to organizations that lost very high percentages of their revenue and could put the nonprofits the back of the line since they typically get a significant portion of revenues through donations.

Under the legislation, music venues and movie theatres, along with other cultural entities, can apply for grants from the Small Business Administration to support six months of payments to employees and for costs including rent, utilities and maintenance.

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