Restaurant Grant Program Announced
The American Rescue Plan Act signed into law by President Biden on March 11 includes $28.6 billion to establish a "Restaurant Revitalization Fund" to be administered by the U.S. Small Business Administration. This grant program is among the most generous of COVID-19 assistance programs seen thus far, but there is a bit more required paperwork than other programs because it is federally funded.
Eligibility
- Restaurants, food stands, food trucks, food carts, caterers, taverns, bars, lounges, brewpubs, tasting rooms, taprooms, or other similar places of business in which patrons assemble for the primary purpose of being served food or drink.
- Applicants must own or operate 20 or fewer establishments (together with any affiliated business)
- Must submit a good faith certification that uncertainty of current economic conditions makes necessary the grant request to support the ongoing operations and that the entity has not applied for nor received a Shuttered Venue Operators grant (generally for performing arts venues, theaters, etc.)
Grant Amounts
- Applicants may receive a tax-free federal grant equal to the amount of its pandemic-related revenue loss, calculated by subtracting its 2020 gross receipts from its 2019 gross receipts (can be prorated for businesses not open in all of 2019 or 2020)
- Pandemic-related revenue losses will be reduced by any amounts received from Paycheck Protection Program (PPP) First Draw and Second Draw loans
Eligible Expenses
- Funds may be spent on payroll, mortgages, rent, utilities, maintenance (including construction to accommodate outdoor seating), supplies (such as protective equipment and cleaning materials), normal food and beverage inventory, certain supplier costs, operating expenses, and paid sick leave
The U.S. Small Business Administration is still finalizing the program application and details, with a program rollout expected in early April. While we will certainly share when the program launches in a future M-Powered, you can also check the SBA's COVID-19 Resources website for updates. The National Restaurant Association has also prepared a fact sheet about the program.
Prepare Now to Submit an Application
Although the Restaurant Revitalization Fund is not yet accepting applications, there are some things you can do now to prepare for the application period:
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Create Login.gov Account: Visit https://login.gov/ to create an account to apply for federal grants.
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Sign up for a D-U-N-S Number: If you do not have one already, sign up for a D-U-N-S Number at https://fedgov.dnb.com/webform/index.jsp. This process typically takes 1-2 days.
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Register with SAM: Sign up for an account with the System for Award Management (SAM) at https://sam.gov/SAM/ so you can receive federal funds. You will need your Login.gov account, DUNS number, and standard business information (such as your Tax ID number). It can take up to two weeks to receive your SAM number. Be sure to use the above link to register for free; beware of scam websites and services that will charge you to register with SAM.
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Prepare Revenue Loss Documentation: Work with your accountant to prepare relevant paperwork that clearly shows your gross revenue loss in 2020 as compared to 2019.
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Update Your Restaurant Hours, Dine-in Options
Since the beginning of the pandemic, the City has maintained a website listing all Moorpark restaurants, business hours, website links, and dine-in/take-out/delivery options. The website ( www.moorparkca.gov/restaurants) continues to get hundreds of pageviews every month.
If you are a restaurant, please take a moment to review your listing. To send us an update to your listing, simply reply to this E-mail (goes to EconomicDevelopment@moorparkca.gov). This is especially important for restaurants that are now open for dine-in service!
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Upcoming Free Webinar Schedule
How to Apply for Ventura County's Second Business Assistance Grant Program
Learn how to apply for Ventura County's Second Business Assistance Grant Program for small businesses and non-profit organizations. Review the online application step-by-step, and get your questions answered live. Visit www.VCbusinessgrants.org for more program information.
Shuttered Venue Operators Grant Application Webinar
The U.S. Small Business Administration will highlight the opening of its Shuttered Venue Operators Grant application, which is scheduled for release on April 8. They will cover program eligibility, documentation needed to apply for a grant, insight on what the application will look like, and more.
COVID-19 Business Resources: EIDL, PPP, UI, and Grants
The Economic Development Collaborative will share the latest information and answer questions about EIDL, PPP, Unemployment Insurance, grants, and all currently available COVID-19 related business resources. Please register in advance; space is limited.
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City Hall Phone/Online Services |
City Hall is currently open by appointment only, Mon-Fri, 8A-4P. Please call us at (805) 517-6200 to make an appointment, or visit our Virtual Counter to learn how to access our services on-line, by phone, and by E-mail. |
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799 Moorpark Avenue
Moorpark, CA 93021
Hours: 8 a.m. - 5 p.m.
Monday - Friday
(805) 517-6200
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