US Restaurants Cheer Relief In $1.9 Tn Biden Package
03/11/21 AT 4:16 PM
The beaten-down US restaurant industry is applauding the $28.6 billion in aid targeted at eateries in the massive economic rescue bill that President Joe Biden signed into law Thursday.
The $1.9 trillion package establishes the Restaurant Revitalization Fund, a program the industry pushed for last year in the wake of a calamitous drop in revenues during the coronavirus pandemic. The creation of the Restaurant Revitalization Fund will be a catalyst to reviving restaurants and saving jobs across the country, Tom Bene, president of the National Restaurant Association, said in a statement.
The fund provides a lifeline to one of the industries hardest hit by the pandemic shutdowns and restrictions. Foodservice sales have fallen by $255 billion and 110,000 restaurants have closed, the restaurant association said.
US restaurants cheer relief in $1 9 tn Biden package
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Weak Sauce? US relief bill may be too skimpy for restaurants
france24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from france24.com Daily Mail and Mail on Sunday newspapers.