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SBA opens application portal for restaurant revitalization grants

The application portal will open for restaurants to preregister at 7 a.m. Friday, April 30. The Pikes Peak Small Business Development Center is encouraging potential recipients to apply as soon as the application goes live, as the funds are anticipated to go quickly. The American Rescue Plan Act established the $28.6 billion Restaurant Revitalization Fund to provide funding to help restaurants and other eligible businesses keep their doors open. Besides restaurants, food stands and trucks, caterers, bars, bakeries, brewpubs and tasting rooms, breweries, wineries distilleries and inns with onsite sales of food and beverages may be eligible for the relief. According to the SBA, this program will provide recipients with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location.

Website to help Colorado Springs entrepreneurs enter the food and beverage industry

The Colorado Springs Chamber & EDC partnered with several agencies to launch a new website designed to help entrepreneurs enter the food and beverage industry. More industries will be added as the site develops. The Colorado Springs Chamber & EDC, along with several partner organizations, launched a new website this month that offers step-by-step guides on how to open a new restaurant, food cart, café or distillery in the city. COSOpenForBiz.com allows users to select the type of food and beverage business they are interested in starting and then provides an array of resources that cover the basics of creating a business plan, overcoming legal hurdles, and in the case of brick-and-mortar businesses, selecting and developing a location.

Email compromises and hacks are serious threats to small business

Email compromises and hacks are serious threats to small business SBDC: 43% of cyber attacks target small business E.W. Scripps Company The Pikes Peak Small Business Development Center is urging local business owners and employees to take cybersecurity seriously because not being prepared for a cyberattack could literally shut them down. and last updated 2021-04-21 09:27:16-04 COLORADO SPRINGS — Cybercriminals and fraudsters are only making things more challenging for small businesses and employees working to recover from the economic impact of the pandemic. News5 takes a deep dive into how email hacks are devastating small businesses. If you use an email for work this is a major warning you need to know about. Cybercriminals are trying to hack into your email, or one that belongs to your boss, all to fool someone in your company into giving up information, or paying them.

Struggling food and beverage venues get $28 6 billion under American Rescue Plan

Struggling food and beverage venues get $28 6 billion under American Rescue Plan
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