![]() ![]() In addition to the 21-day priority period, the Biden-Harris Administration is taking steps to ensure the equitable distribution of relief by establishing $9.5 billion in set-asides for the smallest restaurants and bars – including millions of dollars for restaurants, bars, and food trucks with under $50,000 in revenue. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis. While all small businesses are welcome to apply, under the law the SBA will prioritize funding applications from small businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals for the first 21 days of the program. The funds are available for certain eligible uses, like payroll and rent. Under the RRF, restaurants and bars are eligible for grants equal to their pandemic-related revenue loss, with a cap of $10 million per business and $5 million per location. 61,700 applications came from businesses with under $500,000 in annual pre-pandemic revenue, representing some of the smallest restaurants and bars in America.97,600 applications came from restaurants, bars, and other eligible businesses owned and controlled by women (46,400), veterans (4,200), socially and economically disadvantaged individuals (30,800), or some combination of the three (16,200). ![]() 186,200 restaurants, bars, and other eligible businesses in all 50 states, Washington, D.C., and five U.S.The Biden-Harris Administration has made supporting small businesses – including small restaurants and bars – a top priority.Įstablished through the American Rescue Plan (ARP), the Biden-Harris Administration recently launched the Restaurant Revitalization Fund (RFF) – a $28.6 billion program to aid restaurants, bars, food trucks and other food and drink establishments. Despite their importance, restaurants and bars have suffered severely during the pandemic. They also employed nearly 12 percent of all workers prior to the pandemic. From big cities to small towns, these restaurants and bars offer communities a place to gather, celebrate, and share ideas. Restaurants, bars, and other small businesses offering on-site food and beverages are vital to our communities and economy. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””. ![]()
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