Wednesday, August 5, 2020
Ninety percent of independent venues report they will have to close within months without federal funding. With live events providing 75% of all artists' income, the loss of live events and music venues will affect each and every person in the music industry.
TAKE ACTION: Head to
SaveOurStages.com and sign a letter today letting your representatives know you support the
National Independent Venue Association (
NIVA), the
Save Our Stages Act and the
RESTART Act. The hope is for Congress to have a resolution by the end of this week, before recess.
More info on the legislation:
The RESTART Act (S. 3824)
- Finances payroll, benefits, and fixed operating costs
- Expands eligibility, giving access to small businesses with part-time employees
- Up to 90% loan forgiveness for certain businesses
- Includes a generous 7-year payback schedule
Save Our Stages Act (S. 4258)
- $10 billion grant program for live venue operators, promoters, and others
- Supplemental grants available to certain businesses at the end of the year
- Can be used for payroll, rent, utilities, PPE, payments to 1099 employees, and more.
The ENCORES Act (H.R. 7735)
- Provides tax credit for refunded tickets to certain businesses that promote, produce, or manage live concerts, comedy, sporting events, and live theatrical productions.