“Under the federal plan venue operators, promoters, music managers and talent agencies can apply for non-repayable, two-part grants that cover as much 45% of a venue’s 2019 revenue, capped at $10 million in the first round, followed by a supplemental grant in spring 2021 valued at 50% of the original grant. To qualify, applicants must have been in business on Feb. 29, 2020, and show 2020 revenues decreased by at least 25% on a quarterly basis compared to 2019. Venues will be able to begin applying for the funds in the coming days with priority given to venues that faced 70–90% revenue losses in 2020.” – Billboard