News

American Rescue Plan Relief for Restaurants

By Margaret Allen
Restaurants in Northeastern Pennsylvania can apply for direct relief through the Restaurant Revitalization Fund beginning today at 12:00 noon. The fund will provide restaurants and other eligible businesses with funding equal to their pandemic-related revenue loss up to $10 million per business. The relief does not have to be repaid, provided that the funds are put toward eligible uses by March 11, 2023. More information is available at SBA.gov/restaurants. The $28.6 billion Restaurant Revitalization Fund was created by the American Rescue Plan that Rep. Matt Cartwright helped pass last month. The law incorporates key provisions from the RESTAURANTS Act, which Rep. Cartwright also co-sponsored in the previous Congress.

Entities eligible to apply:

l Restaurants

l Food stands, food trucks, food carts

l Caterers

l Bars, saloons, lounges, taverns

l Snack and nonalcoholic beverage bars

l Bakeries (onsite sales to the public comprise at least 33% of gross receipts)

l Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)

l Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)

l Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)

l Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)

l Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products