{"id":1680,"date":"2021-05-03T20:30:04","date_gmt":"2021-05-03T20:30:04","guid":{"rendered":"https:\/\/rosen-testing.senate.gov\/2021\/05\/03\/rosen-applauds-28-6-billion-in-sba-grant-funding-made-available-to-restaurants-impacted-by-covid-19\/"},"modified":"2022-07-13T20:23:08","modified_gmt":"2022-07-13T20:23:08","slug":"rosen-applauds-28-6-billion-in-sba-grant-funding-made-available-to-restaurants-impacted-by-covid-19","status":"publish","type":"post","link":"https:\/\/www.rosen.senate.gov\/es\/2021\/05\/03\/rosen-applauds-28-6-billion-in-sba-grant-funding-made-available-to-restaurants-impacted-by-covid-19\/","title":{"rendered":"Rosen Applauds $28.6 Billion in SBA Grant Funding Made Available to Restaurants Impacted by COVID-19"},"content":{"rendered":"<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><b><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">WASHINGTON, D.C.<\/span><\/span><\/span><\/b><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">&nbsp;\u2013 Today, U.S. Senator Jacky Rosen (D-NV), a member of the Senate Committee on Small Business and Entrepreneurship, released the following statement announcing the launch of the Small Business Administration\u2019s (SBA) Restaurant Revitalization Fund. The Revitalization Fund program, established as part of the <\/span><\/span><a href=\"https:\/\/www.rosen.senate.gov\/es\/rosen-votes-pass-american-rescue-plan-act\/\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0563c1\">Rosen-supported<\/span><\/span><\/span><\/a><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"> <i>American Rescue Plan Act<\/i>, and totaling $28,600,000,000, is now <\/span><\/span><a href=\"https:\/\/restaurants.sba.gov\/requests\/borrower\/login\/?next=\/%3Futm_medium%3Demail%26utm_source%3Dgovdelivery\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0563c1\">accepting applications<\/span><\/span><\/span><\/a><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">. The provision in the <i>American Rescue Plan Act<\/i> that created the fund was based on bipartisan legislation Rosen co-sponsored last year and was in line with a&nbsp;<\/span><\/span><a href=\"https:\/\/twitter.com\/SenJackyRosen\/status\/1357431878471548933\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#4a6ee0\">bipartisan amendment<\/span><\/span><\/span><\/a><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">&nbsp;Rosen voted for in February.<\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">\u201cDuring the COVID-19 pandemic, Nevada\u2019s restaurants and food vendors were among the hardest hit businesses, and they continue to face significant challenges. Restaurants, coffee shops, and other food vendors are often the heart of our communities, and it is important that they receive the support needed to keep their doors open,\u201d&nbsp;<b><span style=\"color:#0e101a\">dijo el Senador Rosen.&nbsp;<\/span><\/b>\u201cI\u2019m pleased to hear that the Restaurant Revitalization Fund will be able to help pandemic-impacted businesses to make payroll, pay utilities, and even construct outdoor seating to continue serving their communities. As we work to overcome this challenging time, I encourage all Nevada businesses that meet eligibility requirements to apply.\u201d<\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><b><u><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">BACKGROUND:<\/span><\/span><\/u><\/b><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">&nbsp;The Restaurant Revitalization Fund is <\/span><\/span><a href=\"https:\/\/www.sba.gov\/funding-programs\/loans\/covid-19-relief-options\/restaurant-revitalization-fund#section-header-17\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0563c1\">available to any of the following<\/span><\/span><\/span><\/a><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"> who have experienced pandemic-related revenue loss:<\/span><\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Restaurants;<\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Food stands, food trucks, food carts;<\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Caterers;<\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Bars, saloons, lounges, taverns;<\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Snack and nonalcoholic beverage bars;<\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Bakeries (onsite sales to the public comprise at least 33% of gross receipts);<\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts);<\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Breweries and\/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts);<\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts);<\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts); and<\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products.<\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Eligible applicants may qualify for grants up to $5 million per location.&nbsp;The amount is based on a calculation of pandemic-related revenue loss in 2020. <\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:black\">In September 2020, Senator Rosen co-sponsored the&nbsp;<i>RESTAURANTS Act&nbsp;<\/i>(S. 4012), bipartisan legislation to create a multi-billion-dollar revitalization fund at the U.S. Department of the Treasury to provide grants to restaurants, food stands, food trucks, food carts, caterers, saloons, inns, taverns, bars, lounges, and other similar businesses to help with expenses such as payroll, benefits, mortgage, rent, utilities, maintenance, supplies, food, and debt obligations to suppliers. SBA\u2019s Restaurant Revitalization Fund, authorized by the <i>American Rescue Plan Act<\/i>, is based on this legislation.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p align=\"center\" style=\"text-align:center\"><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">###<\/span><\/span><\/span><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, D.C.&nbsp;\u2013 Today, U.S. Senator Jacky Rosen (D-NV), a member of the Senate Committee on Small Business and Entrepreneurship, released the following statement announcing the launch of the Small Business Administration\u2019s (SBA) Restaurant Revitalization Fund. The Revitalization Fund program, established as part of the Rosen-supported American Rescue Plan Act, and totaling $28,600,000,000, is now accepting [&hellip;]<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[21],"class_list":["post-1680","post","type-post","status-publish","format-standard","hentry","category-press_release","tag-jobs-and-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rosen Applauds $28.6 Billion in SBA Grant Funding Made Available to Restaurants Impacted by COVID-19 - Jacky Rosen<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rosen.senate.gov\/es\/2021\/05\/03\/rosen-applauds-28-6-billion-in-sba-grant-funding-made-available-to-restaurants-impacted-by-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rosen Applauds $28.6 Billion in SBA Grant Funding Made Available to Restaurants Impacted by COVID-19 - Jacky Rosen\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON, D.C.&nbsp;\u2013 Today, U.S. Senator Jacky Rosen (D-NV), a member of the Senate Committee on Small Business and Entrepreneurship, released the following statement announcing the launch of the Small Business Administration\u2019s (SBA) Restaurant Revitalization Fund. 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