Restaurant Revitalization Grants – Overview
Businesses have suffered a lot during the pandemic, especially the restaurant business.
The restaurant business, one of the top-performing businesses, slump to its lowest, and all the credit goes to the pandemic.
People avoided going to eating joints, such as restaurants, and preferred eating at home during the pandemic.
Not only did the dine-in facility see a declining trend, but home delivery of food also saw a decreased trend. It pushed the workforce working in the restaurant business to the lowest level.
Restaurant owners are now searching for ways to cover up the losses; if you are one among those, you should read this post.
There are restaurant revitalization grants that you can apply for and get your restaurant business on track.
What are Restaurant Revitalization Grants?
The restaurant revitalization grants are business grants to help restaurant businesses that have been hit harder by the pandemic.
Restaurants have seen shutdowns due to low or no sales or worker shortages. The restaurant revitalization grants are basically to help restaurant business owners to revive their businesses.
Both governmental and private organizations give away restaurant revitalization grants.
These grants provide monetary help to eligible restaurant owners. The amount restaurant owners receive is used to pay staff salaries and buy necessary products, such as food items to cook and sell.
Restaurant Revitalization Grants – What are the Options?
Regarding restaurant revitalization grant options, you will have several options. Let’s discuss the options one by one.
1. Maui County Small Business Grant Program
Maui County Small Business Grant Program is to help businesses such as restaurants, bars, and other businesses that the Covid-19 pandemic has hit. The grant is available only for business owners in Hawaii.
Maui County Small Business Grant program has been run by Maui County’s government and Maui’s Federal Credit Unions. The funding for this grant program is generated through the American Rescue Plan Act.
Eligibility Requirements for Maui County Small Business Grant
To get this grant, restaurant owners:
- The business must be within the limits of Hawaii and registered with the State of Hawaii Department of Commerce and Consumer Affairs (DCCA)
- Must be able to prove a 25 percent decline in their revenue from 2019 to 2020
- Have to $2 million or less revenue in 2020
- Have an active lease or rental in Maui County
Restaurant business owners who successfully qualify these requirements and are shortlisted for this grant will get $5000 to get their business on track.
Fill out your application for this grant at app.smartsheet.com.
For more information on this grant, visit mauinuistrong.info.
2. Downtown Outdoor Dining Grant
The Downtown Outdoor Dining Grant is a grant program under which owners of restaurant businesses, cafes, bars, and other dining establishments are provided with funds to add or improve outdoor dining spaces to their existing facilities.
Restaurant owners can get up to $1,500 for making the improvements. Additionally, there will be reimbursement of up to 50 percent on expenses for buying furniture and making changes to the layout.
The funding for this grant is limited, so the grant is available on a first-come, first-serve basis. So, the earlier you apply for this grant, the more your chances of getting this grant.
For more information, visit downtownbatonrouge.org.
3. Boston Restaurant Revitalization Program
Boston Restaurant Revitalization program is a grant program under which restaurant business owners are provided with funds to recover from the ill effects of the Covid-19 pandemic.
As clear from the name, the grant is only for the restaurants operating within the limits of Boston.
Unlike other restaurant revitalization grants, the funds under this grant are not limited to paying rent or salaries, as funds can be used to improve your restaurants.
Restaurant owners who will be eligible can get $5000 and use the same to recover some losses. Restaurants with tipped employees can get an additional $15,000 if they pay at least $12.75 per hour to tipped employees.
For more information, visit boston.gov.
4. Restaurant Revitalization Fund
The Restaurant Revitalization Fund is created by the American Rescue Plan Act to provide necessary help to the restaurant and other businesses so that they can survive the bad effects of the Covid-19 pandemic.
Under this program, restaurant business owners receive funding equal to their pandemic-related revenue loss.
The good thing about Restaurant Revitalization Fund is that you don’t have to repay the grant amount if you use the money for eligible uses.
The eligible uses include paying staff salary, rents, buying restaurant furniture, and other related works.
For more information on this program, visit sba.gov.
Restaurant revitalization grants are best for restaurant business owners who suffered huge losses due to the Covid-19 pandemic. The given post provides you with detailed information on restaurant revitalization grants.
Moreover, the description contains complete information about eligibility requirements and the amount one can get. Additionally, there are website links to make your job easier.