$28.6 Billion Restaurant Relief Grant Program Championed by Blumenauer Will Open on May 3
Today, the Small Business Administration (SBA) announced that the $28.6 billion restaurant relief proposal written and championed by U.S. Rep. Earl Blumenauer (D-OR) – and signed into law as part of President Biden’s $1.9 trillion American Rescue Plan – will begin accepting applications at 9:00 a.m. PT on May 3. Registration for the SBA application portal will begin on Friday, April 30 at 6:00 a.m. PT. In preparation for the grant program’s opening, the SBA released detailed guidance for those seeking relief money through the restaurant revitalization fund.
Following is a statement from Blumenauer:
“This is a major step forward in the fight to save the local restaurants that make our communities whole. It’s been about one year since I first gathered with the Portland restaurant community to come up with a plan to bring relief to beloved dining and drinking establishments and protect the jobs, supply chains, and local economies they support. What started as a local effort to save restaurants became a national movement that secured $28.6 billion in relief funds that will be available soon. Restaurants have been hit harder than any other industry, but today’s announcement from the Small Business Administration means that help is here. I want to thank the Biden administration for their commitment to our program and am ecstatic that restaurants will be able to take advantage of this relief in the coming weeks. With official guidance now available, restaurant owners should immediately begin preparing application materials and be ready to apply as soon as the grant period opens later this month.”
Following is a statement from SBA Administrator Isabella Casillas Guzman:
“Under the visionary leadership of Rep. Blumenauer and other congressional Democrats, Congress laid the groundwork for the SBA to deliver targeted relief swiftly and efficiently to the millions of small business owners and workers in restaurants and other related establishments that are among those hardest hit by the COVID-19 pandemic. We’ve designed the Restaurant Revitalization Fund program to ensure this relief is delivered with a focus on equity. America’s small businesses are the engine of our economy. If we’re going to build back better, we must ensure all of our nation’s entrepreneurs have the tools they need to bring businesses back, create jobs and grow our economy.”
Additional guidance from the SBA on the restaurant revitalization program can be found here.