Starting today, Monday, May 3, PT, restaurant owners, food service providers, bars, food trucks, breweries, wineries, bakeries, and caterers can begin submitting applications for the Restaurant Revitalization Fund. Learn more about how to apply through this link.
Congresswoman Anna G. Eshoo held a webinar for restaurant owners on April 15th to inform these small business owners about the program. Julie Clowes, Director of the Small Business Administration for Northern California, provided helpful information on how to qualify and apply for assistance. You can access the recording of that event by clicking HERE.
Established under the 'American Rescue Plan,' and signed into law by President Joe Biden on March 11, 2021, the 'Restaurant Revitalization Fund' provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Funds must be used for allowable expenses by March 11, 2023.
