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Blog Post
Shuddered Venues Grant Opportunity
East Texas Regional Development Company • Mar 23, 2021
The Small Business Administration has released information regarding a new grant opportunity totaling $16 Billion. The funds are available to Live and Motion Picture Venues as well as production companies and talent reps. The application opens April 8th and will fund your business with up to 45% of 2019 gross earned revenue. If you were not in operation for all of 2019, your grant eligibility would be calculated based on your revenues during your fully operational months. It is highly recommended that applicants begin the process of identifying required documentation and applying for a DUNS number. If you have any issues with this process or questions, please feel free to contact our office. Contact information can be found below.
There are a handful of eligibility requirements and priority levels for those that had a higher revenue loss. All of this information and more can be found at the links below:
Please note; if you received PPP, the total amount of PPP you received would be deducted from your Shuddered Venues funding.
The East Texas Regional Development Company will sponsor an East Texas Lenders Roundtable hosted by UT Tyler-Longview Small Business Development Center (SBDC) and the Small Business Administration to discuss SBA 7a loans and 504 lending basics. Expert panelists will discuss various loan programs and resources to help businesses increase their portfolios and obtain financing.
The Office of the Governor has announced the launch of a new recovery program, the Texas Travel Industry Recovery Grant Program (TTIR), which will begin accepting applications on July 6, 2022. The purpose of this program is to provide grants to Texas businesses in the tourism, travel, and hospitality industry that were negatively impacted due to COVID-19.
Applications Due by December 31
Administered by ETCOG