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Local restaurant owners sigh relief as aid nears


Restaurant owners sigh in relief as aid nears
The new American Rescue Plan carves out nearly $28.6 billion for food trucks, restaurants, bars and other vendors.
Author: Chris Hrapsky
Updated: 5:25 AM CST March 12, 2021
GOLDEN VALLEY, Minnesota The pandemic has delivered a crushing year to the hospitality industry, but with the stroke of the presidential pen, nearly $30 billion in restaurant relief is coming as part of the American Rescue Plan.
The stimulus carves out nearly $28.6 billion for food trucks, restaurants, bars, and other vendors.
Unlike the paycheck protection program, this money doesn t need to be paid back; they are non-taxed grants.
Restaurant groups are capped at $10 million and individual venues capped at $5 million. Publicly traded companies with more than 20 locations are not eligible, according to the American Restaurant Association. ....

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