American venues to receive $1.25 billion from the government

American president Joe Biden has signed a $1.9 trillion stimulus package legislation known as the American Rescue Plan, which adds $1.25 billion to Shuttered Venue Operators Grant program, NBC reports. This will allow struggling music venues across the US to receive an added lifeline. It also allows venue owners to apply for Paycheck Protection Loans. Music venues owners will be allowed to apply for both a loan and a grant.