Restaurant Revitalization Grant Program

The $28.6 billion Restaurant Revitalization Fund, aimed at assisting restaurants and other businesses focused on selling food and beverage, will start accepting applications Monday, May 3, 2021.  Like the PPP and the SVO Grant programs, one of the most complex issues of the plan is determining eligibility based on affiliation.  Proskauer’s cross-disciplinary, cross-jurisdictional Coronavirus Response

On March 11, 2021, President Biden signed the American Rescue Plan Act, which appropriates $28.6 billion for a new Restaurant Revitalization Grant Program, to be overseen by the Small Business Administration (SBA). With the restaurant industry suffering an estimated decline of $240 billion in total sales relative to pre-pandemic forecasts and a loss of nearly