A dire situation "Restaurants aren't asking for more aid - we're looking for the aid we never received," says Matt Kelly , an independent restaurant owner and chef in . 65% of restaurants and bars in New York were shutout of this critical relief program that they desperately need when RRF funding was . If not, they say some family-owned businesses will likely have to close. On Thursday, the Senate voted down the Small Business COVID Relief Act of 202 2, which would've added . "The vote is a devastating blow to the restaurant industry and small-business operators," according to . If not, they say some family-owned businesses will likely have to close. Lake473 Lake473 6 days ago Health High School Will the restaurant revitalization fund be replenished. Just nine days after the application process began, the SBA had received 266,000 applications that totaled over $65 billion, leaving a shortfall of $36 billion. WASHINGTON, D.C. — The U.S. Senate on May 19 didn't advance the Small Business COVID Relief Act of 2022 (S. 4008), ending the possibility of replenishing the Restaurant Revitalization Fund (RRF). "The RRF was supposed to assist restaurants in . When Kazu Fukumoto, the owner of a Japanese restaurant in Austin, Texas, got word that he had been approved for a Restaurant Revitalization Fund (RRF) grant in late May, it felt like a weight had been lifted off his shoulders. The bill would have added $40 billion to the RRF, which would . The vote is a devastating blow to the restaurant industry and small business operators. For a lot of them, because of the way the Paycheck Protection Program (PPP) was structured, they didn't get the help they needed. All of these funds will be allocated in the form of grants of up to $10 million per business. History of the Restaurant Revitalization Fund. In total, over 362,000 applications were . Restaurant Revitalization Fund was originally created when the American Rescue Plan Act was created and funded. This is the one from the 117 th Congress. "The vote is a devastating blow to the restaurant industry and small-business operators," according to . The Restaurant Revitalization Fund Replenishment Act of 2021 would have added $42 million into the federal pandemic-era relief program, potentially throwing a life preserver to the beleaguered . Warren stumps to replenish Restaurant Revitalization Fund; White House weighs in. This program was designed to provide funding to restaurants and bars impacted by the pandemic. That's why some local restaurants hope the Senate will vote to replenish the Restaurant Revitalization Fund this week. 3807. At first, Fukumoto had to shut down operations completely. As many of you know, the Restaurant Revitalization Fund allocated $28.6 billion in grant money to restaurants devastated by the pandemic. As a result, we're seeing operators across the industry begging Congress to take action, fighting for a replenishment of the Restaurant Revitalization Fund (RRF). WASHINGTON, May 19, 2022 /PRNewswire/ -- Today, the U.S. Senate failed to advance the Small Business COVID Relief Act of 2022 (S. 4008), ending the possibility of replenishing the Restaurant Revitalization Fund (RRF). By Jonathan Maze on May 19, 2022. It was a pleasant surprise for some in the industry who had . Actions on H.R.3807 - 117th Congress (2021-2022): Restaurant Revitalization Fund Replenishment Act of 2021 The money in question is the Small Business Administration's (SBA) $28.6 billion Restaurant Revitalization Fund (RRF). On March 11, government . (Businesses that were not open for all of 2019 and 2020 were eligible to use alternative calculations.) The U.S. Small Business Administration (SBA . WASHINGTON, DC - Today, Senator Maria Cantwell (D-WA) released the following statement after the Senate failed to pass additional funding for the Restaurant Revitalization Fund. A bill that would refill the Restaurant Revitalization Fund with $40 billion failed to pass the Senate Thursday, dealing what could be a death blow for some struggling restaurants that didn't receive grants from the program.. And the Texas Restaurant Association (TRA) says more than 100,000 jobs are at stake if the RRF is not replenished. According to information from National Restaurant Association, more than 278,000 restaurants got funded $28.6 billion in aid with the first tranche of payments. The vote is a devastating blow to the restaurant industry and small business operators. This month brought some fresh hope for those advocates with the passage of the Relief for Restaurants and other Hard Hit Small Businesses Act of 2022 in the House of Representatives. Restaurant Revitalization Fund was originally created when the American Rescue Plan Act was created and funded. Just playing a numbers game, thousands of operators will end up on the outside looking in. As a result, we're seeing operators across the industry begging Congress to take action, fighting for a replenishment of the Restaurant Revitalization Fund (RRF). Mass. Here's where efforts stand. On March 11, government . The vote is a devastating blow to the restaurant industry and small business operators. Restaurant Revitalization Fund (RRF) Senate Vote - Oregon Senators Voted Yes. Awardees were required to use RRF funds by March 11, 2023, on eligible expenses incurred from February 15, 2020, and March 11, 2023. WASHINGTON, D.C. — The U.S. Senate on May 19 didn't advance the Small Business COVID Relief Act of 2022 (S. 4008), ending the possibility of replenishing the Restaurant Revitalization Fund (RRF). By Jonathan Maze on May 19, 2022. H.R. Today, Rep. Cindy Axne (IA-03) announced she is co-sponsoring bipartisan, bicameral legislation that will provide additional funding for the Restaurant Revitalization Fund (RRF) to ensure Iowa restaurants and their workers receive the aid they requested through COVID-19 relief programs created earlier this year. Only 34% of restaurants who applied for the federal Restaurant Revitalization Fund were able to receive financial assistance. Nationally, 177,000 restaurants missed out on funding while 100,000 of their competitors were given a huge and unfair advantage — and that scenario is mirrored in New York and Hell's Kitchen. The quickly exhausted Restaurant Relief Fund has yet to be replenished after quickly running out earlier this . Restaurants Ask Biden Administration To Replenish The RRF. WASHINGTON, May 19, 2022 /PRNewswire/ -- Today, the U.S. Senate failed to advance the Small Business COVID Relief Act of 2022 (S. 4008), ending the possibility of replenishing the Restaurant Revitalization Fund (RRF). National Restaurant Association Statement on Small Business COVID Relief Act of 2022 vote Washington, D.C. (May 19, 2022) - Today, the U.S. Senate failed to advance the Small Business COVID Relief Act of 2022 (S. 4008), ending the possibility of replenishing the Restaurant Revitalization Fund (RRF).The vote is a devastating blow to the restaurant industry and small business operators. The RRF sets aside $28.6 billion in federal aid for restaurants, bars, caterers and other food businesses. "The Restaurant Revitalization Fund has to be replenished by Congress." A Republican filibuster in the Senate will be the largest roadblock to any corporate spending deal. No question, the pandemic has taken its toll on a lot of small restaurants over the last 12 months. More than 278,000 restaurants applied for RRF grants, with 101,000 applications funded before the $28.6 billion program was depleted. The U.S. Senate on Thursday voted down a bill to replenish the Restaurant Revitalization Fund, a federal grant program that buoyed 101,000 establishments last year, but snubbed more than 177,000 eligible applicants when it ran out of funds in just three weeks.Despite having sponsors on both sides of the aisle, advocates in the Senate failed to secure the requisite 60 votes to pass the legislation. Lake473 is waiting for your help. Washington, D.C. (May 19, 2022) - Today, the U.S. Senate failed to advance the Small Business COVID Relief Act of 2022 (S. 4008), ending the possibility of replenishing the Restaurant Revitalization Fund (RRF). National Restaurant Association Statement on Small Business COVID Relief Act of 2022 vote. The portal for the Restaurant Revitalization Fund officially closed this past week, with more than 362,000 applications seeking $75 billion in funding. The SBA said . This month brought some fresh hope for advocates pushing to re-up the federal grant program. The pandemic had taken his namesake company Fukumoto right to the edge of insolvency. In state, 7,236 restaurants submitted RRF grant applications, but only 3,247 received funding before the money ran out. The sector closed the calendar with 2.5 million fewer jobs. Clubs and Organizations. Restaurant Revitalization Fund, grant money could be on the way in Congress. Created: March 10, 2022 07:30 PM. $28.6 billion in funds were appropriated to the RRF by way of the SBA and must be used by recipients no later than March 11, 2023. ROCHESTER, N.Y. (WHEC) — The Restaurant Revitalization Fund is not getting any more money as part of the sweeping $1.5 trillion omnibus spending bill. According to Restaurant Business, 105,000 restaurants qualified, 105,000 restaurants managed to qualify for aid before the fund dried up, leaving 177,000 applications in limbo after the program . WASHINGTON, DC - Today, Senator Maria Cantwell (D-WA) released the following statement after the Senate failed to pass additional funding for the Restaurant Revitalization Fund. According to Justin Goodman, a spokesman for Senate Majority Leader Chuck Schumer, D-N.Y., a campaign headed by Small Business Committee Chairman Ben Cardin, D-Md., is . The vote total on Thursday was 52 to 43. The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. Erika Polmar - Executive Director of The Independent Restaurant Coalition, added: "Unfortunately, as amazing as it was to have the American Rescue plan include the Restaurant Revitalization Fund, it was terribly underfunded and it only provided 28.6 billion dollars." The vote is a devastating blow to the . Washington, D.C. (May 19, 2022) - Today, the U.S. Senate failed to advance the Small Business COVID Relief Act of 2022 (S. 4008), ending the possibility of replenishing the Restaurant Revitalization Fund (RRF). April 25, 2022. Washington, D.C. (May 19, 2022) - Today, the U.S. Senate failed to advance the Small Business COVID Relief Act of 2022 (S. 4008), ending the possibility of replenishing the Restaurant Revitalization Fund (RRF). Shuttered either temporarily or permanently. It was intended to "provide funding to help restaurants and other eligible businesses keep their doors. According to information from National Restaurant Association, more than 278,000 restaurants got funded $28.6 billion in aid with the first tranche of payments. The final vote was 52-43. MARYLAND- It appears that funding through the Restaurant Revitalization Fund will not be replenished, something that we are told is upsetting for local businesses. The quickly exhausted Restaurant Relief Fund has yet to be replenished after quickly running out earlier this summer. - U.S. The vote dashed hope of replenishing the Restaurant Revitalization Fund, which ran dry with 177,000 operators looking in from the outside. After months of political jockeying, the Restaurant Revitalization Fund is officially dead. Between then and January 2021, restaurant and foodservice sales ended up $225 billion down from projections. It was intended to "provide funding to help restaurants and other eligible businesses keep their . 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