On December 27, 2020, President Trump signed the “Consolidated Appropriations Act, 2021” (the “Omnibus Bill”). Title III of Division M of the Omnibus Bill, titled the “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act” (“Title III”) contains not only important enhancements for existing and potential borrowers in the Paycheck Protection Program (“PPP”), but it has also added new relief programs. Among these new programs, the Grants for Shuttered Venue Operators program (the “Shuttered Venue Grant Program”) was created pursuant to Section 324 of Title III.
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