Restaurant Revitalization Fund Seminar

Description

The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To help bring jobs back and revive the industry, the American Rescue Plan established the $28.6 billion Restaurant Revitalization Fund (RRF) spearheaded by  the U.S. Small Business Administration (SBA). 

The RRF seeks to provide non-repayable funds to eligible food service businesses.  Such applicants include restaurants, food stands, food trucks, food carts, caterers, bars, saloons, lounges, taverns, and snack and nonalcoholic beverage bars.  In addition, provided at least one third of total sales are onsite sales to the public, eligible applicants also include bakeries, brewpubs, breweries/microbreweries, wineries, distilleries, and inns.  Finally, licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products are also eligible.

Throughout the week of April 26, the SBA, the North Carolina Small Business & Technology Development Center, and the four NC Women’s Business Centers will provide multiple free virtual events on the Restaurant Revitalization Fund.  These opportunities will provide attendees with an overview of the application process, eligibility requirements,  and more. Upcoming events include:

hen: Wednesday, April 28 at 10 a.m.

Who: NC Small Business & Technology Development Center and the SBA

Where: Zoom Webinar

Register: https://sbtdc.org/events/sba-restaurant-revitalization-fund-pre-launch-updates-session-1/

When: Thursday, April 29 at noon

Who: Women’s Business Center of Charlotte (WBCC) and the SBA

Where: Facebook - @WBCCharlotte, geared toward the Charlotte and Greensboro areas

Registration not required

When: Thursday, April 29 at  2 p.m.

Who:  NC Small Business & Technology Development Center and the SBA             

Where: Zoom Webinar

Register: https://sbtdc.org/events/sba-restaurant-revitalization-fund-pre-launch-updates-session-2/

As the SBA builds and prepares to roll out the program, this dedicated SBA website is the best source for up-to-date information for eligible restaurants interested in the RRF.