Congress Passes $28.6B Restaurant Revitalization Fund
Great News! Today Congress passed the Restaurant Revitalization Fund (RRF) as part of the $1.9 trillion American Rescue Plan. The Seattle Restaurant Alliance has been advocating for restaurant relief at the local, state and federal level for a year.
The RRF is one more win for the industry on top of two rounds of Paycheck Protection Program (PPP) tailored to advantage restaurants, Employee Retention Tax Credit enhancements, EIDL, $340M in state grants, Unemployment Insurance rate adjustments, cocktails to go, capping delivery fees, personal guarantee moratorium, parking fee reductions, local small business grants, and outdoor dining permits, among other advocacy to safely expand outdoor and indoor dining. Each of these wins has helped our industry survive thus far through an extremely challenging year.
The RRF will help restaurants make it the rest of the way to the recovery phase. The Seattle
Restaurant Alliance has been advocating for a restaurant-specific federal relief program since the first week of the pandemic. While we have long championed the $120 billion RESTAURANTS Act in its entirety, the RRF is a key first step for restaurant specific relief from Congress. A special thanks to our state Congressional Delegation who helped champion this effort on our behalf and to all our members who shared their voice in making this effort a success.
We will closely monitor the implementation of the RRF and advocate to ensure its implementation works for restaurants and seek additional funding as needed.
Upcoming Webinars with focus on Restaurant Relief Fund:
The National Restaurant Association is hosting a webinar on the RRF this Monday March 15, 2021 at 10:00 AM: Register Here.
Rick Braa will also be providing a webinar on RRF on Wednesday March 24 at 10:00: Register Here
We also have links to two previous webinars which address the RRF and how they interact with other relief programs we were able to secure for restaurants.