On Thursday, March 11, President Joe Biden signed into law a new stimulus package with significant help for the nation’s restaurant industry. The American Rescue Plan has allocated $28.6 billion in relief grants for food businesses, including restaurants, food carts, and bars. Of that funding, $5 billion has specifically been set aside for food businesses whose annual gross receipts were below $500,000, and grants will not exceed $10 million for restaurant groups and $5 million for individual businesses. The first 21 days of the period that these grants are distributed, businesses owned by veterans, women, and marginalized groups will be prioritized.
This restaurant relief package is a version of
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