Government funding helped rural economies survive pandemic postbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from postbulletin.com Daily Mail and Mail on Sunday newspapers.
As restaurants around the state continue to try and get back on their feet, many claim they have still not received funds promised to them through the federal Restaurant Revitalization Act.|| COVID-19 updates | Maryland s latest numbers | Get tested | Vaccine Info ||More than two dozen local restaurants held a rally Thursday afternoon to express their frustrations.Many of the restaurant owners 11 News spoke with feel let down.Owners said they were counting on those federal funds to help them out. Now they are calling upon Congress to, as they say, stick to its end of the deal and provide more funding for hurting restaurants. It was a real lifeline for tens of thousands of restaurants that were in trouble. Unfortunately, it was not enough, said Thiru Vignarajah, former deputy attorney general for Maryland.Vignarajah, representing more than two dozen Baltimore-area restaurants in their fight for more federal funding, claimed while they applied for the Restaurant Revitalization Ac
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the quarterly 2021 performance review. [Operator instructions] I would now like to hand the conference over to your speaker today, Ms. Melissa Napier. Ma am, the floor is yours.
Melissa Napier
Senior Vice President, Investor Relations and Treasurer
Thank you, Lance. Good morning, everyone. Welcome to our first-quarter earnings call. Today, we have Pietro Satriano, our CEO; and Dirk Locascio, our CFO, on the call.
Pietro and Dirk will provide an overview of our results for the first quarter of fiscal 2021. We ll take your questions after our prepared remarks conclude. [Operator instructions] During today s call, unless otherwise stated, we re comparing our first-quarter results to the same period in fiscal year 2020. References to organic financial results during today s call exclude contributions from Smart Foodservice, which we acquired in April of 2020.
The Restaurant Revitalization Fund has opened its doors, offering relief to an industry devastated by the COVID-19 pandemic in areas like the Poconos and the surrounding northeast region of Pennsylvania.
As the pandemic forced indoor dining shutdowns, limited seating capacities and specialized rules and cutoffs for alcohol consumption, the restaurant and hospitality industry suffered significant losses and numerous closings not only in the northeast region of the Keystone State, but across Pennsylvania and beyond.
The Restaurant Revitalization Fund hopes to provide a helping hand to those establishments that experienced as-yet incalculable losses to their income.
The fund will offer restaurants, bars and other eligible businesses that serve food and drink funding equal to their pandemic-related revenue losses up to $10 million per business. As long as those funds are put toward approved uses by March 11, 2023, the relief does not have to be repaid.
Local Restaurants To Receive Funding So They Can Remain Open wupe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wupe.com Daily Mail and Mail on Sunday newspapers.