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Webinar will discuss ‘Save our Stages’ grants

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Information on how to apply for a federal Shuttered Venue Operators Grant will be provided during a Tuesday webinar organized by the New Mexico Economic Development Department (EDD) and the Arts Division of the New Mexico Department of Cultural Affairs.

The $15 billion grant program is administered by the U.S. Small Business Administration and is also known as the Save our Stages grant. The SBA is setting up the program now and is not yet accepting applications, according to the SBA website.

Eligible organizations include live venue operators or promoters; theatrical producers; live performing arts organization operators; museum operators, zoos and aquariums that meet specific criteria; motion picture theater operators; talent representatives; and other business entities owned by eligible organizations.

According to the SBA, the grants are for 45% of the 2019 gross earned revenue or $10 million, whichever is less. The organizations must have been in business as of Feb. 29, 2020, and they cannot have received a Payroll Protection Program loan after Dec. 27, 2020.

The webinar will occur Tuesday, 11:30 a.m. to 1 p.m. Panelists are expected to be Jim Brunberg, co-chair of the National Independent Venue Association Implementation Task Force, and Russell Wyrick, director of the New Mexico Small Business Development Network.

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Registration is required at https://register.gotowebinar.com/register/3492496843397013773. For more information, contact Johanna.Nelson@state.nm.us or 505-469-6204.