Utah is offering $3 million in grants to help live event businesses, everything ranging from ballets to concert halls to arenas.
Businesses that have seen a 50% decline in revenue can receive either $150,000, or 75% of their lost revenue. They will get whichever amount is lower. Businesses that have lost at least 25% of their revenue can get the lesser of $100,000 or 50% of their lost revenue. Businesses with revenue declines under 25% are eligible for the lesser of $50,000 or 25% of the lost revenue. Grants will be given out on a first come first serve basis until the $3 million is gone.
Other eligibility requirements include having employees located physically in Utah, having fewer than 250 Utah employees and showing that the use of the funds will benefit Utah’s economy. The grant money needs to be spent by Dec. 30.