The Restaurant Revitalization Fund Grant is now open! If you are in food service you should apply for this funding. It is a GRANT not a loan.
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
The RRF is to help restaurants and other foodservice businesses, including food stands, food trucks, caterers, bars, lounges and snack and nonalcoholic beverage bars, as well as bakeries, brewpubs, tasting rooms, taprooms, breweries, microbreweries, wineries and distilleries with on-site sales to the public of at least 33% of gross receipts.
CTSBDC is offering the following webinars in English and in Spanish:
May 6 @ 9:30am in English >> https://ctsbdc.uconn.edu/news_events/restaurant-revitalization-fund-overview-may-6/
May 6 @ 5:30pm in Spanish >> https://ctsbdc.uconn.edu/news_events/restaurant-revitalization-fund-overview-may-6-en-espanol/
May 13 @ 9:30am in English >> https://ctsbdc.uconn.edu/news_events/restaurant-revitalization-fund-overview-may-13/
HERE IS A WEBINAR recording of info for applying for the grant.
Info to be Covered:
- Eligibility details including which entities qualify and what is required;
- Determining the amount you would qualify for depending on how long you’ve been in business;
- The covered period, or the time period in which you need to use the funds;
- How you can use the funds once you receive them;
- Required documentation to help you get ready.