Established by the new American Rescue Plan Act, the Restaurant Revitalization Fund (RRF) will provide $28.6 billion to restaurants that lost income during the pandemic. Registration for the RRF began on April 30 and the application window opened on May 3.
Eligible businesses may receive a tax-free federal grant equal to the amount of its pandemic-related revenue loss, calculated by subtracting its 2020 gross receipts from its 2019 gross receipts. Details such as eligibility, funding amount, allowable use of funds are available in English at https://bit.ly/3vAoLWz and in Spanish at https://bit.ly/3e4eSKT in Spanish. Alternatively, a hotline is available at (844) 279-8898.