DHCD Maryland Strong Economic Recovery Initiative (MD-SERI) - Entertainment Venues
The Maryland Department of Housing and Community Development (DHCD) is administering funding for the Governor’s Maryland Strong Economic Recovery Initiative (MD-SERI).
DHCD’s MD-SERI ENTERTAINMENT VENUES will be for the Eligible applicants are the state’s nonprofit AND for-profit live music and performance venues, live entertainment promoters and independently-owned local movie theaters that can document their contribution to the economic development and now economic recovery of Maryland communities through employment, visitor driven events, programs and performances. This pertains only to the funding allocation for MD-SERI Entertainment Venues and provides a preview of the application which is projected to be available online Thursday, November 12, 2020.
A separate NOFA for Tourism Nonprofits and Main Street are also available from DHCD: www.dhcd.maryland.gov
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Applicant Eligibility Criteria
An applicant must meet all of the following criteria:
Must be an IRS determined nonprofit organization/venue OR a for-profit venue OR independently-owned movie theater OR live entertainment promoter
Organizations/venues that are in good standing with the Maryland Department of Assessments and Taxation (SDAT)
Organizations/venues must be based in Maryland and attract attendees/participants and thus contribute substantially to the health of the local and state economy.
Live performance promoters, may be based outside of Maryland, but application information should only be for activities related to Maryland venues.
Organizations/venues or promoters that can demonstrate the negative financial impact of COVID-19 of at least $75,000 as represented by (a) reduced operating revenue from attendee/participant driven activities (for example admissions; special event/programming ticket sales; gift shop sales; café/concession sales and/or private event rentals) and/or (b) increased expenses to adapt operations and facilities to create a safe environment for attendees and staff.
Financially viable nonprofits whose operations will continue forward
Restaurants are NOT eligible to apply unless they have a separate subsidiary business entity that meets one or more of the criteria below:
Primary purpose is to offer live music or performances
Significant percentage of revenue is based on ticket sales
Is an independently-owned movie theater, not part of a national or regional chain
Eligible Uses of Funds
MD-SERI: Entertainment Venues funds can be used for one or more of the following:
Operating support (staff salaries, hazard pay, marketing/programming, rent, utilities, payroll, supplies, cleaning services, etc.) to make up for the revenue reductions due to loss of attendance from COVID-19 and the related state-of-emergency AND/OR
Increased expenses to adapt operations and facilities to create a safe environment for staff and attendees.
The maximum grant request amount is $500,000 and the minimum amount is $75,000.
Requested funding amounts should be based on the applicant’s ability to:
Document an equal to or greater than loss of revenue from reduced attendance due to the pandemic and related state-of-emergency and how this revenue loss relates to sustaining your fixed expenses AND/OR
Document increased expenses to adapt operations and facilities to safely reopen for attendees and staff due to the pandemic and related state-of-emergency.
Document that the above extra expenses and reduced revenues are in excess of other COVID-19 relief funding received.
An applicant must also meet all of the following criteria:
Only applications that are fully complete at submission will be considered for funding.
Net revenue losses and/or increased net expenses to be reimbursed must occur or have occurred during the period March 1, 2020 through April 30, 2021 and must be in excess/net of other COVID-19 relief funding received.
Requests for operating support and/or projected increase in expenses to adapt facilities must occur or have occurred during the period March 1, 2020 through April 30.
Applicants must be able to quantify the reduction in number of attendees/participants to events or programs through attendance and associated revenues (including comparison to prior year levels).
Funding requests will be reviewed on a first-come-first-served basis.
Individual grant amounts may be reduced relative to requests, if demand exceeds available funding.
NOFA release: Wednesday, October 28
Projected on-line NORI application portal opens: Thursday, November 12, 2020 at 12:00 pm
Application portal closes: Friday, November 20, 2020 at 5:00 pm at the latest; the portal may close if or when grant requests exceed available funding.
Funding announcements on a rolling basis beginning no later than November 30, 2020.
Applicants will be required to register with the Maryland OneStop Portal. OneStop is the central hub for Maryland State licenses, forms, certificates, permits, applications, and registrations and can be accessed here: https://onestop.md.gov.
It is recommended that applicants register in advance of the application round opening.
In addition to basic organizational information, such as the applicant’s official mission statement/primary purpose, the following information and attachments will be required in the on-line application in order for an application to be considered complete. Space to answer will be very limited; it is recommended that applicants prepare answers and gather required attachments in advance of the opening of the on-line application.
Organizational Summary: A brief description of the organization’s (a) recent accomplishments in the last twelve months and plan for operations in Calendar Year 2021; (b) specific numbers that describe the applicant’s attendance/event volume and dollar impact on the local and state economy in a “normal” year vs. calendar 2020 AND (c) current financial condition and ability to continue operations. This funding is aimed to support organizations that can continue to operate and produce economic impact in Maryland.
COVID-19 Impacts: A brief summary of (a) the specific dollar amounts, summarizing the overall attendee driven revenue lost due to COVID-19 for the period March 1, 2020 through April 30, 2021 as compared to the similar time period in 2019; in other words, the specific dollar impact of that loss to the applicant’s operations and annual budget; (b) the specific dollar impact of any increased expenses due to COVID-19 actual and projected for the period March 1, 2020 through April 30, 2021, if any, with respect to retrofitting operations and facilities and/or providing personal protective equipment or cleaning supplies/services for the safety of attendees and staff; (c) how you would utilize any MD-SERI awarded funds to sustain operations and/or adjust operations to be able to safely attract attendees and provide performances and experiences that address COVID-19 prevention moving forward AND (d) any COVID-19 relief funding you have been awarded to date – include the name of program, the amount of the award and the date received. Based on this relief funding, be specific as to remaining dollar amount of the funding gap you have for the period March 1, 2020 through April 30, 2021.
Budget/Use of Funds: A simple budget form will be provided in the on-line application in which the applicant will individually list each proposed use(s) of requested funds.
All of the following attachments will be required in the on-line application in order for the application to be considered complete:
Proof of revenue lost from attendees/participants. This can be provided by summary attendee information from 2019 performances/activities/programs/rentals as compared to the same performances/activities/programs/rentals that would have taken place or will take place in the period March 1 through April 30, 2021
IRS Determination Letter of nonprofit status, if applicable
Online verification of Certificate of Good Standing from the Maryland State Department of Assessments and Taxation.
2019 Profit and Loss Statement that itemizes revenue and expenses
2020 Profit and Loss Statement that itemizes both actual and projected revenue and expenses
IRS W-9 Request for Taxpayer Identification Number and Certification