Nassau County art venues get $51M in federal COVID grants

0
Nassau County art venues get $51M in federal COVID grants
An empty theater. According to a Blank Slate Media analysis, the Shuttered Venue Operators Grant program has awarded $50.99 million to 57 Nassau County art venue operators, promoters, and representatives as of July 5. (Photo courtesy of Wikimedia Commons)
The Shuttered Venue Operators Grant program has awarded $50.99 million to 57 Nassau County art venue operators, promoters and representatives as of July 5, according to a Blank Slate Media analysis.

The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act established the federal program, which was later amended by the American Rescue Plan Act. It was designed to help art venues continue to operate during the uncertain economic conditions caused by the COVID-19 pandemic.

Eligible applicants received grants equal to 45% of their gross earned revenue, with a maximum grant award of $10 million. Applicants must have been in operation as of Feb. 29, 2020.

An analysis of this public data found that Metropolitan Entertainment Consultants, a Port Washington-based producer of live shows, was the largest beneficiary in Nassau County, receiving $4.9 million.

Pinnacle Entertainment, a Levittown talent agent for musicians, was second in the county with $4.7 million.

Thirteen recipients received over $1 million countywide — seven of which were listed as a “live venue operator or promoter,” the most of any subgroup.

The average grant amount of a county applicant was $894,630, according to the Blank Slate Media analysis.

In the Town of North Hempstead, the program awarded $21 million to 20 North Hempstead applicants.

The second biggest beneficiary in the town was Great Neck-based Ball Drop LLC, which received $3.48 million. Ball Drop is the largest producer of New Year’s Eve events in Times Square.

Long Island University ($3.46 million) and Roslyn’s Gray Rock Productions ($1.37 million) were the other two town recipients to get over $1 million.

Three of the four recipients of more than a million dollars in North Hempstead were listed as venues. Combined, the four received 63% of the total funds awarded to town applicants.

The average grant of a town applicant was $1,053,303, per the Blank Slate Media analysis.

The Shuttered Venue Operators Grant is no longer accepting any new applicants.

 

No posts to display

LEAVE A REPLY

Please enter your comment!
Please enter your name here