Davids Holds Facebook Live with U.S. SBA District Director to Discuss the Restaurant Revitalization Fund
Today, Representative Sharice Davids will host a Facebook Live webinar on the Restaurant Revitalization Fund. Michael L. Barrera, District Director for the U.S. Small Business Administration in Kansas City, will join Davids to provide information on the program and walk through how local restaurants can apply.
The virtual event will be hosted on Davids’ Facebook Page today, April 23 at 10:15am CT.
“During my American Rescue Plan Tour, I met with local small business and restaurant owners who were forced to cut wages, lay off employees, and even close their doors because of the pandemic,” said Davids. “Because of the American Rescue Plan, the Restaurant Revitalization Fund is available to support restaurant owners as they rebuild. This direct funding will allow restaurants in Kansas to build back better. I encourage anyone who qualifies to apply early.”
The Restaurant Revitalization Fund, as established through the American Rescue Plan, will provide funding to help restaurants and other eligible businesses keep their doors open. The funding assistance will be equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are appropriately used before March 11, 2023. The SBA is prioritizing businesses owned by underserved communities. Those who qualify can find more information on how to apply at the SBA’s website.
The American Rescue Plan, which Davids voted to support, is putting shots in arms, children back in schools, and people in jobs. It’s also putting money in pockets through $1,400 Economic Impact Payments. The American Rescue Plan bolsters the Paycheck Protection Program with an additional $7.25 billion in funding, extends pandemic-related unemployment benefits, and dedicates about $50 billion to bolstering grants and loans for small businesses still navigating the economic fallout of the pandemic.
For information on how the American Rescue Plan directly helps Kansas, visit Davids’ resource page.