Federal, local grants help small business movie theaters recover from pandemic
Phoenixville,
July 7, 2021
Tags:
Jobs & Economy
Originally Published in Local WFMZ News "Without it, my company, Fox Theatres, would not have survived," said Don Fox, CEO of Fox Theatres. Local and federal officials announced Shuttered Venues Operators grants, from the U.S. Small Business Administration, to small local movie theaters hurt by the pandemic. Democratic Congresswoman Chrissy Houlahan helped Berks County-based Fox Theatres, and Phoenixville's iconic Colonial Theatre, obtain the grant money after they originally had trouble securing it."Places like the Colonial Theatre and Fox Theatres in our community had genuinely, legitimately no choice but to shut down their operations for nearly a year," commented Houlahan. Fox extended a heartfelt thank you to Houlahan, who helped his company secure a $5.3 million grant, according to public federal data. "The grant is based on 45% of 2019 revenues," noted Fox. "It's used to pay back rent, employees, payroll and real estate taxes and other eligible expenses." Fox has a theater in Wyomissing, and two others in Ocean City, Maryland. "We had a great July 4 weekend with some big movies, and we're looking forward to a more normal summer than the summer of 2020," Fox continued. Of course, small theaters are still climbing at the pandemic, for example, the iconic Blob Fest is going to remain virtual this year. Other than that, business owners are hoping this summer is going to be as anti-climactic as possible. "Hopefully by 2022 it will mirror 2019 and 2018, and we'll [see] this in our rear view mirror," said Fox. |