On Wednesday, February 24, the Arizona House of Representatives passed House Bill 2755 with strong bipartisan support. This bill calls for a $5,000,000 appropriation to the Arizona Commission on the Arts for Fiscal Year 2022, supporting statewide arts sector investments at a time when the need has never been greater.
“The Arts Commission has decided not to open organizational applications until we have more visibility into the amount and type of funding that will be available for grantmaking.”
At least $25 billion is being set aside for Second Draw PPP Loans to eligible borrowers with a maximum of 10 employees or for loans of $250,000 or less to eligible borrowers in low or moderate income neighborhoods.
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. $2 billion is reserved for eligible applications with up to 50 full-time employees.