Mar 16, 2021
RESTAURANT REVITALIZATION FUND PROVIDES $28.6 BILLION IN FUNDING FOR RESTAURANTS
On March 11th, President Biden signed the American Rescue Plan which includes $28.6 billion specifically for restaurants as part of the Restaurant Revitalization Fund. The fund will be administered by the US Small Business Administration (SBA). WRA is grateful to see a program that provides restaurant-specific relief that small and independent restaurants deserve after closures, increased costs and decreased revenues have threatened their ability to stay in business for nearly a year. The RRF reflects our year-long effort together to help restaurants in need and builds on other relief tools that have been provided. WRA will update this website as more details on the RRF are available.
If you think your business qualifies for the RRF, It’s a good idea to start preparing early. Some of the steps can take a couple days or a couple weeks to complete depending upon how fast some of the involved agencies take to respond.Resources and Info on How to Start Preparing Now