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The “Raising The Bar Recovery Fund” will distribute a collective $3 million to eligible businesses across New York State. (iStock)
New York restaurants, once bustling spaces that shaped the city’s character, are in trouble.
One by one, hundreds have shut for good, unable to weather indoor dining bans, an exodus of patrons and now, a frigid winter. And hundreds more may not be able to survive the next few months.
The state government wants to curb that trend. On Wednesday, the Empire State Development Corporation announced a new fund designed to support struggling restaurants over the winter period with grants of up to $5,000 per business.
Despite 3 Martini Tax Break, COVID Bill Leaves Restaurants Cold
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Despite three martini tax break, COVID-19 bill leaves struggling U S restaurants cold
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Despite three martini tax break, COVID-19 bill leaves struggling US restaurants cold
A restaurant serves customers in an outdoor patio amid restrictions announced in November during the coronavirus outbreak, in Manhattan, New York City, Nov 13, 2020. (Photo: REUTERS/Andrew Kelly)
23 Dec 2020 01:50AM (Updated:
23 Dec 2020 05:21AM) Share this content
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NEW YORK: The US$900 billion coronavirus relief package passed by the US Congress on Monday (Dec 22) contains a high-profile tax loophole for business meals, but not the one thing most requested by independent US restaurants which have been devastated by the pandemic: cash.