The American Rescue Plan Act (March 2021) and the End of Year Omnibus Bill (December 2020) include access to relief programs and offerings that will help the travel industry:

Learn about the travel-related highlights of the American Rescue Plan Act or the comprehensive summary of the December 2020 omnibus bill.

Paycheck Protection Program

The Paycheck Protection Program (PPP) provides forgivable loans of up to $10 million (1st Draw Loan) or $2 million (2nd Draw Loan) to eligible entities through banks and credit unions. More details available via U.S. Department of Treasury or the Small Business Administration.  

The SBA announced that 501(c)(6) organizations should use the Lobbying Disclosure Act (LDA) to calculate “lobbying activities” for a PPP loan application. Read SBA’s FAQ page 24-25 for more details.

Useful resources from the Small Business Administration:


EDA Grants

The Economic Development Administration (EDA) will provide $3 billion in grants to eligible entities to respond to the economic effects of the pandemic including $750 million for communities impacted by job loss in the travel, tourism, or outdoor recreation sectors


SBA Express Loans

The cap on SBA Express Loans has increased from $350,000 to $1 million until October 1, 2021. More details can be found here


Employee Retention Tax Credit (ERTC)

The refundable Employee Retention Tax Credit is available to employers through July 1, 2021. More details can be found here


Shuttered Venue Operators Grant (SVOG)

The program includes $16.2 billion in grants to shuttered venues, to be administered by SBA's Office of Disaster Assistance. Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. 

Eligible entities include:

  • Live venue operators or promoters
  • Theatrical producers
  • Live performing arts organization operators
  • Relevant museum operators, zoos and aquariums who meet specific criteria
  • Motion picture theater operators
  • Talent representatives, and
  • Each business entity owned by an eligible entity that also meets the eligibility requirements

Now Available: Shuttered Venue Operators Grants Frequently Asked Questions (April 6)

CLICK HERE TO APPLY. More information can be found here or you can watch the recording SBA's Shuttered Venue Operators Grant Overview webinar here


Economic Injury Disaster Loan (EIDL) Program

The Small Business Administration’s (SBA’s) Economic Injury Disaster Loan Program provide loans and/or grants to eligible employers to cover working capital needs. Borrowers can also request an increase to an existing EIDL when they log into their SBA EIDL account. Click here to apply for a loan.


Coronavirus Relief Fund (CRF)

Congress provided $150 billion to states and local governments through the Coronavirus Relief Fund (CRF). Funds have already been allocated to states, territories, tribal, and local governments for them to use at their discretion. To find information on how much each prime recipient received and has left to spend, please visit here.


Coronavirus State and Local Fiscal Recovery Funds

The Coronavirus Fiscal Recovery Funds provide $350 billion to state and local governments to address the fiscal effects of the pandemic through 2024. 

NOTE: The programs have not yet become operational, with many details pending rulemaking by the Treasury Department. 


Restaurant Revitalization Fund (RRF)

The U.S. Small Business Administration (SBA) will provide grants to eligible food service businesses through the Restaurant Revitalization Fund.

 


WEBINARS

On Tuesday, March 16, our government relations team walked through the travel-related provisions included in the American Rescue Plan Act and shared an overview of how to access available relief. You may view the slides or watch the full recording below. 

On January 7, U.S. Travel's government relations team held a webinar to walk through the new legislation and answer questions. You may view the slides or watch the full recording below.