Replenishment of the Restaurant Revitalization Fund

Replenishment of the Restaurant Revitalization Fund

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Caribbean American Restaurant Association started this petition to Representative Lee Zeldin and

The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program is intended to provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

Eligible entities who have experienced pandemic-related revenue loss include:

Restaurants
Food stands, food trucks, food carts
Caterers
Bars, saloons, lounges, taverns
Snack and nonalcoholic beverage bars
Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products

The U.S. Small Business Administration (SBA) is announcing the closure of the Restaurant Revitalization Fund. The SBA received over 370,000 applications from restaurant owners across the United States.

The program provided critical funding to over 105,000 restaurants representing $28.6 billion dollars.  The program supported 3,777 small restaurants with gross receipts of less than $50,000 in 2019.

Due to overwhelming demand, the SBA was unable to fund all qualified applications with the original appropriation provided in the American Rescue Plan Act.  Those applicants who have not received funding as of July 1,2021 will have their applications held within the application platform to allow for processing in the order received if additional funds are provided by Congress.

Please support your local restaurants by signing this petition to urge every Congressional District Member of New York State to work with every other Member of Congress to pass the Restaurant Revitalization Fund Replenishment Act of 2021 which will provide an addition $60 Billion in funding to this essential program. 

 

0 have signed. Let’s get to 200!
At 200 signatures, this petition is more likely to be featured in recommendations!