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The Shed Lays Off a Quarter of Full-time Staff
The multidisciplinary arts center in NYC, which laid off 28 full-time workers, received a Paycheck Protection Program loan in the range of $2-5 million.
PPP Loan
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In Los Angeles, Museums, Galleries, and Studios Received Millions in PPP Loans
LACMA and the Huntington Library each received between $5 and 10 million, and Hauser & Wirth and Blum & Poe received between $350,000 and 1 million.
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Tens of Millions of Dollars in PPP Loans Went to NYC Museums, Art Galleries, and Orgs
David Zwirner, Pace, and Gagosian galleries each received over $2 million in PPP funding, and the Whitney and the Guggenheim Museum each received a loan between $5 and 10 million.