Congress made headlines last night when it agreed to a new $ 900 billion relief plan. Among the industries benefiting from the relief program are concert halls.
In a joint statement House Speaker Nancy Pelosi (D-CA) and Democratic Senate Leader Chuck Schumer (D-NY), Congressional leaders provided details of the relief plan and noted the following:
“Democrats have secured critical funding and policy changes to help small businesses, including minority-owned businesses, and nonprofits recover from the pandemic. The deal includes more than $ 284 billion for the first and second repayable PPP loans, expanded PPP eligibility for nonprofits and local newspapers, TV and radio broadcasters, key changes to PPP to serve smaller businesses and struggling nonprofits and better support independent restaurants, and includes $ 15 billion in funding dedicated to theaters, independent cinemas and cultural institutions. The deal also includes $ 20 billion for targeted EIDL grants, which are essential for many small Main Street businesses. “
In a declaration In response to the $ 15 billion in financial assistance, Dayna Frank, owner and CEO of First Avenue Productions and chair of the board of directors of the National Independent Venue Association (NIVA), said, “We are delighted that Congress heard the call for the shutdown of independent sites across the country and provided us with a crucial lifeline by including the Save Our Stages law in the COVID-19 relief bill. “
Frank added, “We are also incredibly grateful that this bill provides pandemic unemployment assistance that will help the millions of people who have lost their jobs through no fault of their own during this economic crisis. We urge the swift passage of this legislation, which will help those who need it most and ensure that music lasts for generations to come. “
Back in july, the United States Senate introduced a bipartisan bill that would provide relief to independent concert halls in the United States hit hard by the coronavirus pandemic. Dubbed the “Save Our Stages Act,” the bill authorized “… the allocation of $ 10 billion for SBA grants down to the lesser of 45% of operating costs or $ 12 million. of 2019 operating costs ”.
In June, NIVA sent a letter to Congress signed by more than 600 musicians and artists asking for federal support because “90% of independent venues report that if the shutdown lasts six months and there is no federal support, they will never reopen. “
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Erica Banas is a classic rock / rock news blogger who knows the label well and is extraordinarily kind.