With the beginning of the new year, Democrats have made it a resolution to renew calls for the replenishment of the Restaurant Revitalization Fund, a fund created to provide emergency financial support to restaurants, bars, and other venues hit hardest by the pandemic.
The Restaurant Revitalization Fund was part of President Joe Biden’s American Rescue Plan Act. It was intended to “provide funding to help restaurants and other eligible businesses keep their doors open.” It provided restaurants “with funding equal to their pandemic-related revenue loss up to $10 million per business.” Restaurants that received the funds were not required to pay them back as long as the funds were used for pandemic-related purposes by March 11, 2023.
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