The federal American Rescue Plan Act of 2021 includes new funding programs to assist businesses and communities with economic recovery. One of the new business programs to be launched is the Restaurant Revitalization Fund, as administered by the US Small Business Administration (SBA). The SBA is developing the program now and will announce details when they become available.
Another new SBA program to be launched soon is the Shuttered Venue Operators Grant program. Eligible small businesses and nonprofits include: live venue operators or promoters, theatrical producers, live performing arts organization operators, move theater operators, relevant museum operators, and more. The application period will open on April 8, 2021. Program details on who is eligible to apply, how the grant funds can be used, and more is available at: https://www.svograntportal.sba.gov/s/.
Prospective applicants should note that most federal grant programs require applicants to have a Dun & Bradstreet (DUNS) number and to register with the federal government’s System for Award Management (SAM). It may take time to get these tasks completed, so it is advantageous for prospective applicants to get a DUNS number and register with SAM in advance. For more information about how to get a DUNS number and register with SAM, go to: https://www.sba.gov/federal-contracting/contracting-guide/basic-requirements.
The FRCOG regularly posts updates on available resources and guidance for businesses, nonprofits and communities to support economic recovery here.