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SBA's Guidance On The $28.6 Billion Restaurant Revitalization Grant Program | McCarter & English, LLP


What Restaurants Need to Know Ahead of Its Anticipated Launch
This week the Small Business Administration (
SBA) provided guidance on how the $28.6 billion Restaurant Revitalization Fundwill work. The Restaurant Revitalization Fund provides for qualified restaurants and other food establishments to obtain tax-free federal grants (
Grants) of up to $10 million to replace the loss of revenues resulting from the pandemic. Unlike the SBA’s Paycheck Protection Program (
PPP) in which applications were submitted to and processed by participating banks and other financial institutions, the Restaurant Revitalization Fund will be administered directly by the SBA.
Restaurants and other qualified food establishments anxiously await the rollout of the Restaurant Revitalization Fund amid estimates that the $28.6 billion will cover less than 25 percent of the more than $120 billion that would be required to award Grants to all qualified eating establishments. While we stil ....

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8 Healthy Snacks To Keep You Full and Focused While Working From Home


8 Healthy Snacks To Keep You Full and Focused While Working From Home
These healthy snacks are a great treat at any time of day when you’re spending more time at home.
Let’s face it: More time at home, means more trips to the kitchen in between Zoom meetings, online learning and virtual happy hours.
The best way to not let the infamous #quarantine15 get the best of you, is by packing your panty with delicious, yet nutritious snacking options to help fuel you through those never ending days. It may not seem like it, but a nutritious little midmorning or afternoon bite can provide the fuel top-off you need to stay focused until it’s time to clock out. Whether you’re craving something sweet, salty or savory, these snacks will help keep your energy levels up while also feeling full and focused. Keep them within arm’s reach of your home office space or in the kitchen as an excuse to get up to clock those steps in. ....

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ARPA Provides $28.6 Billion in Relief for Restaurant Industry


Friday, March 12, 2021
The hospitality industry has been hit especially hard during the COVID-19 pandemic, but there is assistance in sight for struggling restaurants and bars. On March 11, President Joe Biden signed into law the American Rescue Plan Act of 2021 (Act), a $1.9 trillion stimulus bill that includes $28.6 billion for a Restaurant Revitalization Fund (RRF).
Title V, Section 5003 of the Act authorizes the Small Business Administration (SBA) to make grants of up to $10 million in the aggregate ($5 million in the aggregate per location) to eligible entities and their affiliated businesses to cover pandemic-related losses.
What Businesses Are Eligible for RRF Grants?
Eligible entities are broadly defined as businesses where the public or patrons assemble for  ....

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