The Hill
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% of the business’s 2019 revenue, or $20 million, and would be made by the Small Business Administration.
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