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New Federal Relief Grants Available Through Restaurant Revitalization Fund
INDIANAPOLIS (April 30, 2021) – The U.S. Small Business Administration is launching the Restaurant Revitalization Fund to provide relief for the restaurant and food service industry, which has been disproportionately affected by the COVID-19 pandemic. Demand for this funding is high, so the Indiana Economic Development Corporation (IEDC) and the Indiana Small Business Development Center (Indiana SBDC) are encouraging Hoosier businesses to register and apply for funding through this program as soon as possible.
Through the Restaurant Revitalization Fund, eligible businesses may receive awards between $1,000 and $5 million per location to offset expenses, such as payroll, supplies, and operating expenses, incurred between Feb. 15, 2020, and March 11, 2023. Interested businesses may register starting today, Friday, April 30, at 9 a.m. EDT, and the portal to submit applications will open on Monday, May 3, at 12:00 p.m. EDT.
To help Hoosier restaurant and food service owners apply for and access available funds, the Indiana SBDC is partnering with gener8tor to offer no-cost webinars, including two in Spanish. The first webinar is scheduled for today at 3 p.m. EDT. Consultations and application assistance will also be offered through designated virtual office hours beginning next week. In addition, Spanish interpretation services will be offered through the regional Indiana SBDC offices. Specific dates, times and more details are available on the Indiana SBDC website.
“Indiana restaurants and food service owners were quick to respond and pivot during the height of the pandemic,” said David Watkins, state director for the Indiana SBDC. “We’re grateful for their perseverance and want them to know more federal funding will be available through this new relief program. It is vital for eligible Indiana businesses to apply as soon as possible, as we anticipate these federal funds will be distributed quickly across the nation.”
Through the Restaurant Revitalization Fund, eligible businesses may receive awards between $1,000 and $5 million per location to offset expenses, such as payroll, supplies, and operating expenses, incurred between Feb. 15, 2020, and March 11, 2023. Interested businesses may register starting today, Friday, April 30, at 9 a.m. EDT, and the portal to submit applications will open on Monday, May 3, at 12:00 p.m. EDT.
To help Hoosier restaurant and food service owners apply for and access available funds, the Indiana SBDC is partnering with gener8tor to offer no-cost webinars, including two in Spanish. The first webinar is scheduled for today at 3 p.m. EDT. Consultations and application assistance will also be offered through designated virtual office hours beginning next week. In addition, Spanish interpretation services will be offered through the regional Indiana SBDC offices. Specific dates, times and more details are available on the Indiana SBDC website.
“Indiana restaurants and food service owners were quick to respond and pivot during the height of the pandemic,” said David Watkins, state director for the Indiana SBDC. “We’re grateful for their perseverance and want them to know more federal funding will be available through this new relief program. It is vital for eligible Indiana businesses to apply as soon as possible, as we anticipate these federal funds will be distributed quickly across the nation.”
Federal Relief Grants for payroll and operating expenses will be awarded in amounts between $1,000 and $10 million for expenses incurred between February 15, 2020 and March 11, 2023. Eligible businesses include, but are not limited to: restaurants, caterers, bars, distilleries, and food carts.
Register & Apply
Registration, more details and the application are available at sba.gov/restaurants. Account registration opens today, Friday, April 30, at 9:00 a.m. EDT, and the portal to submit applications will open Monday, May 3, at 12:00 p.m. EDT.
For more information on available recovery and relief resources, programs and grants available to small businesses, including the Indiana Small Business Restart Grant and Indiana Hospitality and Entertainment Grant, please visit isbdc.org/covid-resources.