Additional COVID-19 aid for restaurant industry available Monday
Scripps National
and last updated 2021-04-30 17:30:03-04
More help is on the way for small businesses in the Coastal Bend. Congressman Vicente Gonzalez announced on Friday that applications for the Restaurant Revitalization Fund will open on Monday, May 3 at 11 a.m.
This fund established by President Bidenâs 2021 American Rescue Plan will provide $28.6 billion in direct aid to independent restaurants, bars, breweries, food stands, food trucks, caterers and others in the food and drink industry impacted by COVID-19.
According to a release, the program âmakes up to $5 million in grants available per restaurant location, or $10 million per restaurant group, based on total loss in revenue between 2019 and 2020. It specifically sets aside $5 billion for businesses with less than $500,000 in 2019 annual revenue.â
Full transcript of Face the Nation on March 28, 2021
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