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Qualification for Shuttered Venue Operator Grants Extended, Congress Appropriates New Funds

From Pillsbury’s Construction & Real Estate Law Team

The American Rescue Plan Act of 2021 permits Shuttered Venue Operators to apply for both Paycheck Protection Program loans along with Shuttered Venue Operator Grants. The American Rescue Plan Act, signed into law on March 11, 2021 and outlined here, comprises a brief but important section that will permit the recipients of Paycheck Protection Program (PPP) loans issued after December 27, 2020 to remain eligible for licenses under the”Grants for Shuttered Venue Operators” (Grants) system, which the Small Business Administration (SBA) has yet to launch. Cecilia C. Wang, Alexander B. Ginsberg, Jenny Y. Liu supply added insights in”Congress Appropriates New Funds, Extends Qualification for Shuttered Venue Operator Grants.”