Save Our Stages Act just passed as part of the COVID-19 Relief Bill!
Thank you for helping to #SaveOurStages! You responded in an overwhelming fashion. NIVA thanks those across the country who sent 2.1 million emails to their elected officials expressing their support for the Save Our Stages Act. All 535 Congresspeople heard from their constituents through SaveOurStages.com. Without your support and continued attention, we could not have accomplished this goal.
Our gratitude also extends to Sen. John Cornyn (R-TX) and Sen.Amy Klobuchar (D-MN) in the Senate, Rep. Peter Welch (D-VT) and Rep. Roger Williams (R-TX) in the House, champion leader Chuck Schumer (D-NY), and 230 bipartisan cosponsors in Congress.
The Save Our Stages Act will provide emergency relief to independent venues and promoters that have been devastated by the pandemic’s shutdown. This legislation will enable these mom-and-pop businesses to hold on until it’s safe to gather, reopen fully, and once again return to serving as the economic engines for their communities. Read NIVA’s full statement and thanks here.
The legislation provides critical help to shuttered businesses by providing a grant equal to 45% of gross revenue from 2019, with a cap of $10 million per entity. This grant funding will ensure recipients can stay afloat until reopening by helping with expenses like payroll and benefits, rent and mortgage, utilities, insurance, PPE, and other ordinary and necessary business expenses.
NIVA hopes to work with the Small Business Administration to ensure the emergency relief is dispersed as Congress intended, that the instructions and process to apply for grants ensure that the process is implemented accurately, fairly and as expediently as possible.
Since it could take many weeks, even months for the funding to flow, the NIVA Emergency Relief Fund, with The Giving Back Fund as its 501(c)3 fiscal sponsor, continues to raise money to assist the venues at greatest risk of permanently going under as we wait for the grants to be issued. Anyone wishing to donate can do so here.