The Texas Music Incubator Rebate Program, signed into law in 2021, now has the funding to provide eligible music venues across Texas with up to $100,000 annually in alcohol tax rebates.
. Although the new incubator program was designed with COVID-19 relief in mind, efforts to finance venues have been ongoing for nearly a decade, championed by advocates of the local music scene like Music Venue Alliance Austin President Rebecca Reynolds. During the pandemic, she noticed a collective instability among venues and said owners had to make massive adjustments to keep their businesses open.
“Some venues that have stayed in close contact with me throughout this process were on the edge of their seat because whether we got funding for this program was going to determine whether they renew their lease or not,” Reynolds says. “In other cities, many venues are able to purchase their property, but Austin property is not something a venue owner-operator can afford on the budget of the venue alone.
According to Sternschein’s estimates, $100,000 from the Texas Music Incubator Rebate Program could generate up to 20 more nights of concerts at his venues.
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