The economic losses will continue to mount, according to a paper published this month by SMU DataArts - an arts research group at Southern Methodist University - and Jill Robinson, chief executive of TRG Arts, an arts consultancy. They estimate that for 35,000 nonprofit U.S. arts groups with annual budgets over $50,000, the total revenue loss will be $12.4 billion for March 2020 to February 2021. Almost half of those losses will be in ticket sales and other earned income; the rest represents declines in donations and investment income. … [Read more...] about Arts groups in distress call on a former Kennedy Center president for help
Help getting out of debt
"Because of the generosity of our more than 1,300 donors who care deeply about the present and future of Evanston, Friends of the Robert Crown Center is happy to advance this payment of $637,500, and stand ready to move even more funding as the City heads into the fall budget season." said Daniel Stein, President of the Friends of the Robert Crown Center. … [Read more...] about Evanston Gets $637,500 Advance To Help Fill COVID-19 Budget Hole
Income-tax deferrals: Self-assessment income tax payments, that were due in July, can be deferred to the end of January next year. Rent support: Businesses who are struggling to pay their rents are protected from eviction until the end of June. Coronavirus business interruption loan scheme: SMEs can get loans and overdrafts of up to £5million for up to six years and the government will guarantee up to 80 per of these. Grants of up to £10,000: Small firms can get grants of up to £10,000 to help with ongoing business costs. VAT payments: VAT payments can be deferred for three months. Tax bill help: SMEs that cannot afford their tax bills can ask HMRC for a “time to pay” arrangement so any debt collection is suspended. Business rates holiday: A 12-month business rates holiday has been introduced for many businesses. Most read in Money … [Read more...] about Is the self-employed government grant scheme going to get extended like furlough to October?
Both Andrew Cuomo and Bill De Blasio are refusing to reopen NYC and let people get back to work but are demanding money from the federal government for the services they run. On Wednesday de Blasio said it was Trump's fault that NYC had lost $9billion and Cuomo demanded more money in the next stimulus bill for government-run services … [Read more...] about NYC restaurants plead to be allowed to open with outdoor tables and say they’re in ‘dire need of help’ after being forced to stay closed for 11 weeks despite dwindling infection numbers
Venture debt funds have gained importance in the last couple of years with most of the startups raising funds to usually meet specified operational targets unlike a venture capital or equity fund which is mostly raised to prepare a war chest and to meet long-term goals. … [Read more...] about India’s startup ecosystem in a correction mode: Trifecta Capital