PRI Seeks Aid For Race Tracks Hurt By COVID-19 Attendance Restrictions
PRI, SEMA, and 17 other organizations representing live recreation and amusement venues have sent a letter asking the US Small Business Administration (SBA) to expand the Shuttered Venues Operator Grant (SVOG) program to include motorsports, horse racing, recreation events, and mobile amusement.
The COVID-19 pandemic and associated attendance restrictions have posed significant challenges for race tracks and other live entertainment operators, as many states have placed restrictions on the sizes of gatherings that continue to impact the operations of entertainment businesses. PRI and SEMA are focused on helping race tracks, as they play an essential role in providing entertainment and a sense of community across the nation.
Congress had previously created the $16.25 billion SVOG program to assist live entertainment and performance arts venues that have experienced significant revenue declines due to COVID-19 attendance restrictions. However, the SBA did not include race tracks and many other forms of live entertainment in the list of eligible groups to apply for grants. The Coalition is asking the SBA Administrator to reconsider its eligibility guidance for the SVOG program.
PRI and SEMA are also working with Congress to amend the SVOG through legislation to include recreation, sports, and live amusement venues. It is crucial that members of Congress hear from the racing industry about providing financial support to race tracks.