Restaurant Industry Alert

Restaurant Industry Alert

Congress Introduces $60 Billion Replenishment Of the Restaurant Revitalization Fund. Congress introduced legislation Thursday to replenish the Restaurant Revitalization Fund with a $60 billion second round of restaurant relief, after the U.S. Small Business Administration received requests for more than triple the allocated funds the first time around. The Restaurant Revitalization Fund Replenishment Act of…

Restaurant Industry Alert

Restaurant Industry Alert

Another $235M Could Be Coming to N.J. Small businesses, restaurants crushed by COVID.  Another round of grants could be headed to New Jersey’s small businesses, nonprofits and childcare centers, as a package of six bills heads to the governor’s desk.  The state Senate passed the $235 million in grants, aiming to help businesses suffering from…

Restaurant Industry Alert

Restaurant Industry Alert

SBA’s Pandemic Relief Fund for Restaurants Deluged with applications.  The $28.6 billion Restaurant Revitalization Fund (RRF), passed as part of the American Rescue Plan, has received more than 266,000 applications, requesting more than $65 billion in funds as of May 12, the U.S. Small Business Administration says.  Nearly half, or 147,000 applications, came directly from…

Restaurant Industry Alert

Restaurant Industry Alert

SBA: Restaurant Revitalization Fund Relief will start arriving today.  Long-awaited federal help for the nation’s restaurants will begin arriving as early as today, according to the U.S. Small Business Administration (SBA).  As part of the first round of funding for the Restaurant Revitalization Fund (RRF), established by the American Rescue Plan and signed into law…