Restaurant Revitalization Fund
UPDATE 04/21/2021 : AN IMPORTANT MESSAGE FOR ALL LOCAL FOOD AND BEVERAGE BUSINESSES FROM MAYOR TOM DUNN and ECONOMIC DEVELOPMENT DIRECTOR PAT MCKINNEY
Under the latest American Rescue Plan Act there is a portion earmarked for the restaurant industry, specifically $28.6B. This financial assistance was lobbied for vigorously by the National Restaurant Association (CRA) and should become available in the May/June timeframe for funding, applications prior to that. There will be a much different application process and required information than the previous rounds of the Paycheck Protection Program. The previous requirements of a DUNS number and SAM registration have now been eliminated. The application process will be directly with the SBA not through your local bank. The following are links for the program guidelines and a sample application.
As more information becomes available we will continue to post it here. You may also go to http://restaurants.sba.gov/ or www.ctsbdc.uconn.edu for individual assistance. As this is on a first come first served basis, we highly recommend reviewing the process and documentation required and have this readily available when applications can be accepted.
Our local businesses are very important to all of us. If we can be of any further assistance, please send an email to: Patrick McKinney, Director of Economic Development at firstname.lastname@example.org.