{"id":290,"date":"2021-07-28T11:59:25","date_gmt":"2021-07-28T11:59:25","guid":{"rendered":"https:\/\/www.mysetaside.com\/newsevents\/?p=290"},"modified":"2021-07-28T11:59:32","modified_gmt":"2021-07-28T11:59:32","slug":"news-release-sba-reaches-new-milestone-awarding-7-5-billion-in-svog-funds","status":"publish","type":"post","link":"https:\/\/www.mysetaside.com\/news-and-events\/news-release-sba-reaches-new-milestone-awarding-7-5-billion-in-svog-funds\/","title":{"rendered":"News Release – SBA Reaches New Milestone Awarding $7.5 Billion in SVOG Funds"},"content":{"rendered":"\n
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\nNews Release – SBA Reaches New Milestone Awarding $7.5 Billion in SVOG Funds <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/a>\n\n\n\n
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\nHaving trouble viewing this email? \nView it as a Web page<\/a>.<\/p>\n

\nLower Rio Grande Valley District<\/strong>
\nCorpus Christi Branch Office<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n

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\nNews Release<\/h1>\n

\nRelease Date<\/strong>: <\/strong>July 27, 2021
\n<\/strong>Release Number<\/strong>: <\/strong>21-57
\nContact<\/strong>:<\/strong>Press_Office@sba.gov<\/a><\/p>\n

\nSBA Reaches New Milestone Awarding $7.5 Billion in Shuttered Venue Operators Grants to over 10,000 Venues<\/strong><\/h1>\n

\nUnique program distributes grants to venues in the nation\u2019s 50 states and several U.S. territories directly impacted by COVID-19<\/strong><\/p>\n

\nWASHINGTON <\/strong>\u2013 Today, the \nU.S. Small Business Administration<\/a> reached a new milestone of successfully awarding over $7.5 billion in\n\nShuttered Venue Operators Grants<\/a> (SVOGs) to more than 10,000 hard-hit live entertainment small businesses, nonprofits, and venues. The SVOG program is designed to assist in getting the nation\u2019s cultural institutions, which are critical to the economy and\n were among the first to shutter, back on track.  <\/p>\n

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\nThe SBA worked closely with the White House and other federal partners to process SVOG applications faster after the first two weeks of awards did not set the pace needed for this emergency funding. While more work is still needed to help businesses recover\n from the pandemic, the SBA took swift action to expeditiously process loans for SVOG and get funding into the hands of hard-hit operators.<\/p>\n

\n\u201cAfter making improvements to the Shuttered Venue Operators Grant program, the SBA is now delivering money quickly, efficiently and fairly to highly-impacted small businesses and venue operators that are critical to America\u2019s cultural fabric and local economies,\u201d\n SBA Administrator Isabel Casillas Guzman said.
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\n\u201cWhen I began my tenure at the SBA, this first-of-its-kind SVOG program was not where I wanted it to be. I\u2019m proud that, thanks to the hard work and dedication of our talented team, we have turned the ship around. America\u2019s small businesses can rest assured\n that the SBA will continue to work around the clock to provide the relief that is needed to revitalize local economies and build back better from the pandemic and economic crisis.\u201d<\/p>\n

\nAdditional Resources and Information<\/strong><\/h3>\n