H/T to Rob Sturns in Fort Worth, Texas for sharing this information with ELGL members for their local governments.
The American Rescue Plan Act established a $28.6 Billion “Restaurant Revitalization Fund” (RRF) that will run through the SBA. Applications are said to open in a matter of weeks. Please see the below links for more information regarding the program and share accordingly:
- The American Rescue Plan Act Will Help Restore the Restaurant Industry and Save Jobs
- Policy Brief: Restaurant Revitalization Fund
The Small Business Administration will likely open up Restaurant Revitalization Fund grant applications within ‘weeks, not months.’ Read more about this timing.