Restaurant Revitalization Fund Replenishment Update

By peter romeo on aug. With many restaurants continuing to struggle, and with the rrf program coming up short of demand, economic support for the.

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Restaurant revitalization fund replenishment update. The build back better act was passed by the house last friday without the inclusion of the restaurant revitalization fund replenishment act. Over 60% of applicants received no grant dollars and many of them are continuing to struggle to survive. Restaurant revitalization fund replenishment act of 2021.

The bipartisan legislation introduced in both the house and senate would provide $60 billion in additional. The rrf application portal closed on may. Obviously, that was nowhere near enough funding to meet the demand for grants.

That funding goes right back into our economy, and we need that right now! Today, however, troubling details about the rrf’s fund and applicant pool. In govtrack.us, a database of bills in the u.s.

The rrf provided grants of up to $5 million per permanent physical business location (not to exceed $10 A tax benefit would expire on sept. I don't see this anywhere else but.

Missing funds and “fake” businesses. The restaurant revitalization fund was underfunded compared to the demand. This past weekend, senator schumer joined senator cardin to introduce a bipartisan bill to replenish the rrf.

The fund ran out of money. We’re now six months without rrf replenishment progress. For those keeping count—me, for instance—the rrf replenishment act has seen zero movement since june.

“blumenauer leads 165 lawmakers in urging biden administration to support restaurant revitalization fund replenishment” — rep. Cooper who was a supporter of that funding is now pushing for the bipartisan restaurant revitalization fund replenishment act. Xxxxx number of restaurants in (state) received no rrf pandemic assistance.

The restaurant revitalization fund replenishment act is gaining rapid bipartisan support as 214 members of the house of representatives have come out in support of the bill, including most recently rep. It has been weeks since anyone has heard anything about the infamous restaurant revitalization fund (rrf). We support congressman scalise working with his colleagues to consider dollars previously appropriated but unused to be redirected to this program so vital to our.

31 under the version of the bill that was approved by the senate on tuesday. As people familiar with the rrf will recall, the fund launched with $28.6 billion. Congress tomorrow will unveil the restaurant revitalization fund replenishment act of 2021.

A bill to amend the american rescue plan act of 2021 to increase appropriations to restaurant revitalization fund, and for other purposes. Higgins is cosponsoring the restaurant revitalization fund replenishment act (h.r. The $28.6 billion fund, called.

Restaurants push for replenishment of federal relief fund and warn more may close if there is inaction. 21, 2021 at 4:25 pm “the $60 billion we’re pushing hard for right now for our restaurants will be returned to taxpayers, to americans many times over,” rep.

I am calling about a very important issue, the restaurant revitalization fund, the fund created to help restaurants crushed by the pandemic over the last 20 months. Photo courtesy of bober markey fedorovich. A federal aid program aimed at helping restaurants recover from the pandemic will end.

That act would add $60 billion to rrf. As the nyc hospitality alliance keeps fighting to replenish the restaurant revitalization fund (rrf), we wanted to provide you an update since so many of you regularly inquire about its status. A bipartisan bill was introduced on june 10 to add $60 billion more to the fund.

Congress tomorrow will unveil the restaurant revitalization fund replenishment act of 2021. Clearly, the biggest similarity between the two bills is the amount of money both are after. Posted by 6 months ago.

Updated september 29, 2021 sba restaurant revitalization fund grants the small business administration’s (sba’s) $28.6 billion restaurant revitalization fund program (rrf) was authorized by p.l. We are writing to respectfully request that any upcoming reconciliation package include a substantial replenishment of the restaurant revitalization fund (rrf). First restaurant revitalization fund update in over a month:

Trade org lobbies for restaurant revitalization fund replenishment jessica infante sep. Both the rrf replenishment act and entree act seek $60 billion.

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