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COVID-19 relief aid: Restaurants will be big beneficiaries

“It’s going to keep doors open. The smallest and hardest hit are going to get the help they’ve needed the most,” said Sean Kennedy, an executive vice president at the group. Restaurants were decimated by the pandemic that led to government-ordered shutdowns and that is still keeping many diners away. As of Dec. 1, over 110,000 U.S. restaurants were closed either temporarily or permanently, according to the National Restaurant Association. That’s 17% of the number of restaurants in business before the pandemic. In January, industrywide revenue was down more than 16% from a year earlier, the group said. Small business advocates were pleased with the overall bill, and said the $1,400 stimulus payments to individuals and families as well as continued unemployment benefits will give consumers more money they can spend at small businesses.

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