September 25, 2021

Volume XI, Number 268

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September 24, 2021

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September 23, 2021

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Restaurant Revitalization Fund: Economic Relief for Restaurants

On March 11, 2021, the American Rescue Plan Act (ARPA) became public law, establishing the Restaurant Revitalization Fund (RRF). The ARPA appropriated $28.6 billion for the U.S. Small Business Administration (SBA) to provide financial assistance to restaurants, bars, and other similar places of business that suffered revenue losses related to the COVID-19 pandemic.

Restaurant Revitalization Fund

The SBA is and will continue accepting applications for RRF funds subject to the availability of these funds. The appropriated funds will remain available until expended. Priority of the grants may be given to an applicant that is:

  • A small business concern that is at least 51% owned by one or more individuals who are women, veterans, or socially and economically disadvantaged

  • Managed or controlled by one or more women, veterans, or socially and economically disadvantaged individual

To be eligible for RRF funds, bakeries, brewpubs, tasting rooms, taprooms, breweries, microbreweries, wineries, and distilleries, must provide documentation with their applications that on-site sales comprised at least 33% of gross receipts in 2019. For businesses that opened in 2020 or that have not yet opened, the applicant’s original business model should contemplate that on-site sales to the public comprise at least 33% of gross receipts.

Economic Relief for Restaurants

The Restaurant Revitalization Fund provides an opportunity for eating establishments to procure much-needed financial relief due to the COVID-19 pandemic. But, as with many grant and aid programs, funds are limited and will be disbursed on a “first-come, first-served basis.”

©2021 Norris McLaughlin P.A., All Rights ReservedNational Law Review, Volume XI, Number 133
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About this Author

Theodore Zeller Attorney Norris Law Firm
Member

Theodore J. Zeller III has extensive experience in liquor law, regulatory licensing, commercial transactions, real estate transactions, and litigation.

Chair of the firm’s Liquor Law Practice Group, Ted was lead counsel in a beer rights case brought against the world’s largest brewers and is now General Counsel to D.G. Yuengling & Son, Inc.

Ted’s lobbying efforts helped change various laws under the Pennsylvania Liquor Code. In 2010, Ted testified before the Senate Law and Justice Committee on behalf of Yuengling Brewery concerning House Bill 291, which addresses the...

(484) 765-2220
John F. Lushis, Jr. Economic Development Norris McLaughlin Pennsylvania
Member

John F. Lushis Jr., a Member of the firm and Co-Chair of the Economic Development Practice, focuses his practice on real estate, commercial transaction law, and environmental law.

He provides counsel on an extensive diversity of transactions including leases, acquisitions and divestitures, tax-exempt and conventional financings, brownfields redevelopment, and an array of commercial agreements. John has worked on multi-million-dollar loans and major tax-exempt financings for businesses and non-profits including Cetronia Ambulance Corps, Lafayette College, Lehigh University, Moravian...

(484)765-2211
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