In case you missed it, The Hill reported on a new House bill, the Gym Mitigation and Survival Act (GYMS Act), sponsored by Congressmen Mike Quigley (D-IL) and Brian Fitzpatrick (R-PA) that will provide targeted relief to community gyms and fitness facilities that have been struggling due to the COVID-19 pandemic.
The GYMS Act is unlike existing relief programs because it allows gym owners to use grant funds to pay for expenses like rent, mortgages, utilities, payroll, and payments for independent contractors and trainers. Data shows existing federal relief programs have failed to help nearly two thirds of local gym owners, with 39 percent of believing that they will not survive 2021 without direct government grants.
Reps. Mike Quigley (D-Ill.) and Brian Fitzpatrick (R-Pa.) have introduced legislation to provide $30 billion of relief aid to the gym industry, which has been struggling throughout the coronavirus pandemic due to lockdowns and the lack of clients.
The Gym Mitigation and Survival Act would award grants to gyms and fitness studios that can be used to cover payroll costs, rent, utilities, mortgages and worker protection expenses like personal protective equipment, among other costs.
Eligible businesses must be fitness facilities that provide instruction of physical exercise and that offer space for the maintenance and development of physical fitness. Grants could be up to 45 percent of the business’s 2019 revenue, or $20 million, and would be made by the Small Business Administration (SBA).
Read the article here.