The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To help bring jobs back and revive the industry, the American Rescue Plan established the $28.6 billion Restaurant Revitalization Fund (RRF) spearheaded by the U.S. Small Business Administration (SBA).
The RRF seeks to provide non-repayable funds to eligible food service businesses. Such applicants include restaurants, food stands, food trucks, food carts, caterers, bars, saloons, lounges, taverns, and snack and nonalcoholic beverage bars. In addition, provided at least one third of total sales are onsite sales to the public, eligible applicants also include bakeries, brewpubs, breweries/microbreweries, wineries, distilleries, and inns. Finally, licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products are also eligible.
Charlotte
North-carolina
United-states
Raleigh
Fayetteville
American
Small-business-center-network-western-region
Nc-women-business-centers
Nc-small-business-technology-development-center
Carolina-small-business-technology-development-center
Restaurant-revitalization-fund
Keeping up with WRAL TechWire’s ongoing initiative to track events happening across North Carolina, here’s a look at what’s to come in March:
March 1
The NC IDEA Foundation is offering two grant opportunities for startups this season: NC IDEA MICRO provides $10,000 project-based grants to entrepreneurs looking to validate and advance their ideas. NC IDEA SEED provides $50,000 grants to early-stage companies, giving them the boost they need to scale faster.
March 1
NC State’s Sweat Equity Challenge is an app idea competition for undergraduate and graduate students, and faculty/staff, who will receive customer/market feedback to validate their ideas, develop a prototype, launch a startup and begin looking for funding to help take their business to the next level.
Biltmore
North-carolina
United-states
Charlotte
Greensboro
Lake-norman
Cape-fear
South-carolina
Raleigh
City-of-raleigh
Town-of-cary
Robeson-county