Restaurant Revitalization Grants

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, slumps 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.

While dine-in facilities saw a declining trend, home delivery of food actually saw an increased trend during the pandemic. 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 pandemic has hit. The grant is available only for business owners in Hawaii.

The Maui County Small Business Grant Program is run by Maui County’s government. Funding sources and managing entities should be verified for current details. 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 $2 million or less revenue in 2020
Have an active lease or rental in Maui County

Restaurant business owners who successfully qualify for these requirements and are shortlisted for this grant will get $ 5,000 to get their businesses on track.

For accurate and updated information on this grant, visit the official Maui County government website or contact the Maui County Economic Development Office.

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.

The grant amount for improvements under the Downtown Outdoor Dining Grant may vary; check the official source for current funding limits. 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 it is available on a first-come, first-served basis. The earlier you apply, the better your chances of getting it.

For the most current information and application details for the Downtown Outdoor Dining Grant, visit the official Downtown Development District website or contact them directly.

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 pandemic.

As clear from the name, the grant is only for 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.

Eligible restaurant owners can get $ 5,000 and use the money to recover some losses. Eligibility for additional funding for restaurants with tipped employees under the Boston Restaurant Revitalization program depends on adherence to local wage requirements and program specifics, which may change. Check the official City of Boston website for current details.

For updated information and to apply for the Boston Restaurant Revitalization program, visit the official City of Boston website or contact the city’s Small Business Development office.

4. Restaurant Revitalization Fund

The Restaurant Revitalization Fund was created by the American Rescue Plan Act to provide necessary help to restaurants and other businesses to survive the pandemic’s negative effects.

Under this program, restaurant business owners receive funding equal to their pandemic-related revenue loss.

According to the program’s guidelines, the Restaurant Revitalization Fund provides funding that does not need to be repaid if used for eligible expenses within the specified period.

The eligible uses include paying staff salary, rent, buying restaurant furniture, and other related work.

For the most current information on the Restaurant Revitalization Fund, including application guidelines and eligibility, visit the official Small Business Administration (SBA) website.

Conclusion

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.

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