Share with your friends

Grants for “Shuttered Venue Operators” not available if venue operators filed PPP applications

Grants for “Shuttered Venue Operators”

The “Consolidated Appropriations Act, 2021”—legislation enacted December 27, 2020—provides funding for various coronavirus (COVID-19) relief programs, including $15 billion for the “Shuttered Venue Operators” (SVO) grant program which is administered by the Small Business Administration (SBA).


Related content

Venue operators considering applying for SVO grants need to be aware that SVO grants will not be available if the venue operator has filed an application or received support under the Paycheck Protection Program (PPP) after December 27, 2020.  (However, receipt of PPP funding earlier in 2020 will not prevent eligibility for SVO grants.)

The PPP is another program administered by the SBA to provide financial support lending for small and large businesses pursuant to measures originally included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (Pub. L. No. 116-136).

The SBA released a set of “frequently asked questions” (FAQs) [PDF 357 KB] about the SVO grant program. Refer to FAQs 4, 5 and 6 in the “Eligibility” section of the FAQs regarding eligibility of venue operators and the rules about the intersection with PPP applications.

The process for filing applications for grants under the SVO program is not yet open, and when the application process opens, it will be based on a priority system (briefly described below). 

Overview of SVO grant program

The SVO grant program is available to make grants to eligible live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theatre operators or talent representatives who demonstrate at least a 25% reduction in revenues.

There is a set-aside of $2 billion for eligible entities that employ not more than 50 full-time employees in the first 59 days.

The Small Business Administration (which is charged with managing the SVO program much as it has the PPP) may make an initial grant of up to $10 million dollars to an eligible person or entity and a supplemental grant that is equal to 50% of the initial grant.

The application process will open to applicants as follows:

  • In the initial 14-day period of implementation of the SVO program, grants are only to be awarded to eligible entities that have faced 90% or greater revenue loss.
  •  In the 14-day period following the initial 14-day period, grants are to be awarded to eligible entities that have faced 70% or greater revenue loss.
  • After these two periods, grants are to be awarded to all other eligible entities.

The SVO grants are to be used for specified expenses such as payroll costs, rent, utilities, and personal protective equipment.

More information about the SVO program is available on the SBA website.

For more information, contact a tax professional with KPMG’s Washington National Tax practice:

Ruth Madrigal | +1 202 533 8817 |

Preston Quesenberry | +1 202 533 3985 |

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal