We need your voice and support now to help ensure the Garde Arts Center, your non-profit center for the performing arts, can survive during this extended pandemic.
Our stages are dark due to COVID-19, but Congress is considering two Acts that could help. Join us in support of two congressional bills that will help entertainment venues and arts organizations continue to weather the harsh economic realities of COVID-19.
Here’s how to help:
- Like and share our content on social. Be sure to use #saveourstages and #restartact, and tag U.S. Senator Marco Rubio, the Chairman of the Senate Small Business Committee.
- Send a strong message to your congressional representatives by clicking this link, which will automatically populate a letter using your zip code. Send it as-is or customize as you wish, and be sure to write “Save Our Stages & Restart Act” in the Subject line.
About the Acts
The Save Our Stages and Restart Acts are being considered as part of the next CARES ACT. Both pieces of legislation would provide a critical lifeline to arts & cultural organizations, and entertainment venues, across our country.
- The SAVE OUR STAGES (SOS) Act (S: 4258) would create a $10 billion grant program for live venue operators to help pay employees and preserve this critical economic sector for our communities. Key provisions of the Act include:
● Establishes a $10 billion grant program for live venue operators, promoters, producers and talent representatives.
● Eligible recipients must have fewer than 500 FTEs, not be publicly traded companies, and not own or operate venues in more than 1 country or more than 10 states.
● Each recipient is eligible for a grant no greater than 45% of gross revenue from 2019 or $12 million, whichever is less.
● Grant funding may be used for expenses incurred between March 1, 2020 and ending on December 31, 2020.
● A recipient is eligible for a supplemental grant equal to 50% of the initial grant if the entity is still experiencing 80% or greater revenue loss on December 1, 2020.
● Grant funding may be used for payroll and benefits, rent, utilities, mortgage interest payments, interest payments, insurance, PPE, existing loans, payments to 1099 employees, and other ordinary and necessary business expenses.
- The RESTART Act (S: 3814, HR: 7481) would create a new loan program to cover six months of payroll, benefits and operating expenses for small businesses—including arts & cultural organizations and entertainment venues—that have taken a substantial revenue hit during the COVID-19 pandemic. The RESTART ACT:
● Finances the equivalent of six months’ worth of payroll, benefits, and fixed operating costs.
● Allows for flexible use of loan proceeds and loan forgiveness with no minimums on the percentage dedicated to any one expense.
● Expands eligibility to ensure access for small businesses that have many part-time employees.
● Allows up to 90% loan forgiveness for businesses with fewer than 500 Full Time Equivalent Employees ( FTEs) and high revenue loss.
● Implements a generous 7-year payback schedule, wherein principal
- Although parts of the country are partially reopening, the vast majority of entertainment venues and arts organizations remain shuttered and won’t recover until the entire country is at 100% capacity.
- Beyond cultural value, these venues are part of their communities’ economic engines; every $1 spent on a ticket generates $12 in economic impact.
- Independent live venues generate $9 billion each year in total economic impact; a group of 35 mid-sized performing arts centers (including the Garde) generate an additional $2.7 billion.