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National Restaurant Association Releases 2021 State of the Restaurant Industry Report Restaurant industry looks to rebuild in 2021 News provided by Share this article Share this article WASHINGTON, Jan. 26, 2021 /PRNewswire/ -- Today, the National Restaurant Association released its 2021 State of the Restaurant Industry Report, which measures the impact of the coronavirus pandemic on the restaurant industry and examines the current state of key pillars including technology and off-premises, labor, and menu trends across segments based on a survey of 6,000 restaurant operators and consumer pre...

Senior Editor - Restaurants The National Restaurant Association released its 2021 State of the Restaurant Industry Report, which measures the impact of the coronavirus pandemic on the restaurant industry and examines the current state of key pillars including technology and off-premises, labor, and menu trends across segments based on a survey of 6,000 restaurant operators and consumer preferences from a survey of 1,000 adults. The report also provides a look at the path to recovery for chains, franchises, and independents and the year of transition ahead. “As we approach the on...

'It feels like we're back to March' For the most recent PPP loans, businesses must have fewer than 300 employees and prove a revenue reduction of 25%, among other things, to qualify. Most borrowers can receive up to 2.5 times their average monthly payroll cost one year prior to the loan. But those in the restaurant industry can get up to 3.5 times their average payroll cost. The maximum amount per "second draw" loan is $2 million (as opposed to the first round's maximum of $10 million), and like the first round, 60% must be spent on payroll and alike expenses to qualify for forgiveness. Luca ...

'It feels like we're back to March': Restaurant owners say additional Covid-19 relief is 'not enough' CNBC 12/21/2020 Taylor Locke © Provided by CNBC Closed signs hang on a fast food restaurant amid the coronavirus pandemic on April 24, 2020 in New York City, United States. (Photo by Alexi Rosenfeld/Getty Images) For small businesses in need, the bill allotted $284 billion to reopen the Paycheck Protection Program (PPP) for forgivable loans, with hard-hit restaurants getting special provisions. With the new provision for restaurants, CNBC Make It spoke with two restaurant...