Front and Center: SVO Grants through the SBA

[co-author: Laura Peterson] - Originally published on December 30, 2020 and updated as of March 10, 2021. The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020.  Section 324 of Title III of the CAA, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the “Economic Aid Act”), introduces a new $15 billion grant program through which the U.S. Small Business Administration...
By: Proskauer Rose LLP