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American Rescue Plan Helps Revitalize Restaurants

Staff reports

Food establishments were among the businesses hit hard by COVID-19, but restaurateurs can get help.

Starting May 3, the Restaurant Revitalization Fund will accept applications for grants to independent restaurants, bars, food trucks, caterers and others in the food and drink industry impacted by the pandemic.

The funds are part of the American Rescue Plan, and information about application procedures was announced by Congressman Joe Morelle.

The following types of businesses can apply for a grant even if they have already received a loan through the paycheck protection program (PPP):

  • restaurants;
  • caterers;
  • bars, saloons, lounges, taverns;
  • snack and nonalcoholic beverage bars;
  • bakeries (onsite sales to the public comprise at least 33% of gross receipts);
  • brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts);
  • breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts);
  • wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts);
  • inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts); and
  • licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products.

To start the process, go to https://restaurants.sba.gov/requests/borrower/login/?next=/

The Restaurant Revitalization Fund will provide a total of $28.6 billion in direct relief to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to COVID-19. The fund sets aside $5 billion for businesses with less than $500,000 in 2019 annual revenue.