WASHINGTON The House passed a $55 billion bill Thursday that would provide assistance to restaurants and other small businesses that have struggled because of the coronavirus pandemic. Including $85 million for certain border region businesses, such as those in (herewith a geography lesson) the Northwest Angle, which CQ Roll Call explains is a region of Minnesota that is separated from the rest of the state by the Lake of the Woods but shares land borders with Canada, whose strict pandemic protocols injured Americans living in the Angle. The SBA, which had $83 million in unobligated RFF money worked with the advice of the Department of Justice to begin distributing the remaining funds to 169 restaurant operators with pending RRF applications. Both political parties agreed that the RRF should be replenished but couldn't reach a consensus on how to pay for it. 3807 passes the House and then the Senate, it would be a massive victory for restaurants that are struggling to shake the effects of past dining room restrictions as they navigate supply chain shortages, surging inflation and a historic labor shortfall. Expect to see many more restaurant closures in the coming months. Lawmakers ask SBA for disbursement plan for $180M RRF leftovers If you are the site owner (or you manage this site), please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details (displayed in the box below), so we can assist you in troubleshooting the issue. Four mistakes youre making with home internet. There are several strategic . The Government Accountability Office (GAO) released a report in July, noting SBA was holding unobligated RRF funds and the Association was first to send a letter to SBA Administrator Isabella Casillas Guzman requesting that the unobligated money be released to unfunded applicants. The Restaurant Revitalization Fund was established in March 2021 to support eligible entities suffering revenue losses from the COVID-19 pandemic. What are eligible expenses and restrictions that RRF grant recipients should know about? Christian Britschgi is dubious. SBA stopped accepting applications in July 2021 with the program oversubscribed and almost all its funds disbursed. An estimated 90,000 restaurants have already closed their doors during the pandemic, and that number will likely continue to grow. LISTEN TO THE QUICK UPDATE PODCAST BELOW! LOOK What Happened When This Restaurant Posted a Politically Incorrect Sign. For more information, please check out our Privacy Policy. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. In the wake of the COVID-19 pandemic, restrictions on gathering and other crowd control measures had a huge impact on restaurant owners. Restaurant Revitalization Fund (RRF) Updates - August 2022 97 views Aug 29, 2022 0 Dislike Share RASI - Restaurant Accounting Services Inc 494 subscribers The SBA is set to award an. Nova Inscrio. The median award was about $126,000. 3807), that included $42 billion to replenish the RRF, on April 7. In January 2023, SBA stated that it was weighing potential solutions, such as adding functionality in the RRF platform to allow recipients to report their operating status. In January 2023, SBA stated that it follows standard operating procedures to refer suspicious activity to the OIG. And stop digging. Back in January, a Biden administration official said pretty plainly that the president had no plans to support a new comprehensive stimulus for all Americans, but did hint that there might be something small for restaurants on the way. Will an injustice be done if, with the pandemic receding and the economy reviving, nothing is done for those who missed out in the first-come-first-served scramble for the initial (and perhaps final) $28 billion? 2023 Restaurant Accounting Services Inc. All Rights Reserved. This plan should include coordinating with the OIG. SBA disagreed with five recommendations, including to assess pre-award controls and implement a plan to address fraudulent or ineligible awards. But what about those other small businesses (gyms, minor league baseball, etc.) Today's announcement is great news for those 169 operators fortunate enough to receive an RRF grant, but hundreds of thousands more are struggling with uncertainty. "After navigating an unpredictable supply chain, multiple COVID-19 surges, and dealing with revenue-hampering restrictions, these businesses have two years of crushing debt," Erika Polmar, the IRC's executive director, said in a statement. The House passed the Relief for Restaurants and other Hard Hit Small Businesses Act of 2022 (H.R. But, then, weapons systems have been purchased because suppliers of components were spread across the country like tapenade on toast. Restaurant Revitalization Fund Award Disbursements, May 3July 1, 2021. The industry still has not recreated 565,000 jobs lost at that time, which is the largest current employment deficit caused by the pandemic among all U.S. industries. The National Restaurant Association has been requesting these funds be released, and Executive Vice President of Public Affairs Sean Kennedy released the following statement in response: "The SBA's action represents the final chapter of our nearly three-year effort to secure dedicated federal pandemic relief dollars for local restaurants. It is axiomatic that the titles of congressional bills, like the titles of Marx Brothers movies (Duck Soup, Horse Feathers), are not scrupulously informative. And by the third quarter of 2021, Britschgi writes, the number of restaurants had surpassed pre-pandemic levels.. Updates to the Restaurant Revitalization Fund - ARF Financial Stay informed as we add new reports & testimonies. These restaurants fighting for survival cannot go it alone any longer, and should not be treated as a spot in the rear-view mirror of Congress.". Most applicants got to the trough too late, when it was empty. By June 2021, the funds $28.6 billion had been disbursed to 100,000 applicants in grants averaging $283,000. In January 2023, SBA stated that SBA's Office of Financial Program Operations had partnered with the agency's Office of the Chief Data Office to execute data analytics across the RRF portfolio. Joanna Fantozzi | Apr 06, 2022. LOOK What Happened When This Restaurant Posted a Politically Incorrect Sign After this money was distributed, more than 177,000 applications were left in limbo at the SBA. Publicly Released: Jul 14, 2022. I hear from business owners every day who are having to close their doors and since Congress and the White House couldnt see their way to refill the RRF, hundreds more will face the same fate in the coming weeks.. Restaurant Revitalization Fund The nation has never experienced as large and abrupt an intervention as the cumulative federal and state lockdowns of commercial activity imposed when covid-19 surged in 2020. In 2022, many RRF updates are in the works. When typing in this field, a list of search results will appear and be automatically updated as you type. Reps. Brian Fitzpatrick (R, PA) and Earl Blumenauer (D, OR), and Sens. U.S. Small Business Administration RRF Award Portal, Restaurant Revitalization Funding Program. Or 28,399 closures. Restaurant Revitalization Fund (RRF) Updates. The Relief for Restaurants and Other Hard Hit Small Businesses Act of 2022 (H.R. After congress walked away from the funds replenishment in March 2022 and the Senate failed to pass the replenishment in May 2022, 177,000 establishments were left without aid. It is not clear how, when, or to whom these RRF grants will be issued, so do not throw away any correspondence from the SBA because you may be one of the lucky stores to receive an extremely late RRF grant! The number of people making reservations has also returned to 2019 levels. Furthermore, Bureau of Labor Statistics data shows that the 11 million people working in restaurants and bars in March 2022 was just 5 percent below the number in March 2019. 11 a 13 de maio de 2022 - Lavras/MG. The American Rescue Plan created the Restaurant Revitalization Fund. This recommendation will remain open until SBA develops and implements a plan to respond to potentially fraudulent and ineligible awards in a prompt manner. Small businesses of long standing, and families who went into debt to launch, say, restaurants or bars or bakeries just before the pandemic, now have blighted futures the caprice of rotten luck. the Senate didnt pass the proposed increase, Easy Tips To Understand How To Properly Read Your Balance Sheet, Restaurant Business & Startup Loans: Complete Guide, Business payroll costs, including health insurance, Payments on any business mortgage obligation (both principal and interest; note: this does not include any prepayment of principal on a mortgage obligation), Business rent payments (note: this does not include prepayment of rent), Business debt service (both principal and interest; note: this does not include any prepayment of principal or interest), Business utility payments, maintenance expenses, Business supplies (including protective equipment and cleaning materials), Covered supplier costs, same definition as under PPP Forgiveness nonpayroll expensesfood purchases, Legal expenses, marketing expenses, insurance expenses, business licenses, shipping fees, equipment (new hood or a new grill, new fryers, etc.). By contrast, almost half of restaurants that didn't receive RRF funding said it's unlikely they will survive the pandemic, and 94% reported an RRF grant would allow them to retain or rehire staff, according to NRA research. Restaurant Revitalization Fund (RRF) Updates - August 2022 The Independent Restaurant Coalition, which has spent the last two years lobbying for small restaurants in the face of extreme economic uncertainty, issued a statement on Wednesday condemning the decision to abandon restaurants, calling it catastrophic for these establishments. It includes greater auditing requirements for restaurant grants to prevent fraud, as well as new transparency and customer service provisions to ensure that SBA shares information. This recommendation will remain open until SBA (1) assesses how the design of RRF pre-award controls may have adversely affected applicants from U.S. territories, and (2) documents steps to mitigate this issue for future programs. Make Your Nomination for Restaurant Informers 2023, Lapeer Steak and Seafood Lands New Executive Chef McAlpine, Payback Time: What To Do About Your PPP or EIDL Loan, Georgia Hospitality Expo & ProStart Invitational 2023. Just over 100,000 businesses received funding (40 percent of eligible applicants). "With the looming threat of another variant and growing challenges of inflation for both operators and consumers, the economic boost RRF will provide for those 177,000 restaurants would reach far into our communities," Sean Kennedy, NRA's executive vice president of public affairs, wrote in the letter. Esqueci minha senha. Please enter a valid email and try again. Two senators and two congressmen signed a letter Tuesday asking the Small Business Administration to update Congress on its plans to disburse $180 million in unallocated Restaurant Revitalization Fund money. By the time it closed in July 2021, the RRF. Everything from labor to packaging to utilities have gotten more expensive, and that ongoing rise in the cost of doing business continues to have a disproportionate impact on small businesses like restaurants. The Latest Restaurant Revitalization Fund (RRF) Updates Published: Jul 14, 2022. Washington, D.C. - The National Restaurant Association today sent a letter to Congressional leadership encouraging passage of Restaurant Revitalization Fund (RRF) Replenishment if the program comes up for a vote this week. According to reporting from CNNs Manu Raju, Senate small business and entrepreneurship committee chairman Ben Cardin said on Tuesday, March 8 that Republican opposition means that the Restaurant Revitalization Fund (RRF) will not be replenished. The SBA has contacted recipients of the awards. The SBA is set to award an added $180 million in unspent funds allocated for the Restaurant Revitalization Fund (RRF) back in 2021. The SBA is set to award an added $180 million in unspent funds allocated for the Restaurant Revitalization Fund (RRF) back in 2021. Open

Actions to satisfy the intent of the recommendation have not been taken or are being planned.

, Executive Candidate Assessment and Development Program, Business Regulation and Consumer Protection, The Associate Administrator for the Office of Capital Access should conduct and document an assessment of the RRF pre-award controls and address or mitigate deficiencies. Consider the House-passed, $55 billion Restaurant Revitalization Fund Replenishment Act, which could be the No Faction Left Behind Act.. SBA does not immediately investigate all potentially fraudulent awards, and instead waits for recipients to submit final reports (which might not be until April 30, 2023). Painel do Inscrito. SBA releases $83M in additional RRF aid SBA emphasized pre-award controls to detect fraudulent or ineligible applications but has not assessed their effectiveness. And SBA has not proactively used data analytics or information from enforcement entities to identify potentially fraudulent award recipients. The act illustrates a timeless truth legislative bargaining is additive. Do it again, but bigger. The Restaurant Revitalization Fund covered period begins on February 15, 2020 and ends on March 11, 2023. However, in May, the Senate didn't pass the proposed increase, which was viewed by many as a setback. Senate Minority Whip John Thune, R-S.D., splashed cold water on the prospects of the legislation moving forward, comparing it to the stalled Covid relief bill. For more information about the SBA, visit sba.gov. In 2020, independent locations declined by 8 percent, according to The NPD Group. There had, however, been 278,304 applicants seeking $72 billion. Oops. (Recommendation 2), The Associate Administrator for the Office of Capital Access should develop and implement policies and procedures for addressing RRF recipients who do not meet annual reporting requirements. Even now that the Omicron wave is receding, and more people are going back to restaurants and living their lives normally again, theres no way for these establishments to get back what theyve lost since the shutdowns began in March 2020. According to the SBA, they received more than 278,000 applications by June 30th, 2021, seeking more than $72.2 billion in funding. Lawmakers approved the measure in a 223-203 vote, with only about a handful of Republicans backing it. Keep reading to learn more about RRF grant updates, eligibility, RRF forgiveness, and more. Nevertheless, the Replenishment bill barely passed the House 223 to 203 in April, with only six Republicans favoring it and only four Democrats opposed. ABC News reported on the story, where Anon explained how he was fed up with how sensitive people have gotten . To amend the American Rescue Plan Act of 2021 to increase appropriations to the Restaurant Revitalization Fund, and for other purposes. ), buses and ferries, etc. How many restaurants originally benefited from the Restaurant Revitalization Fund? (Recommendation 5), The Associate Administrator for the Office of Capital Access should develop, document, and implement procedures to use enforcement data on suspected fraud in other SBA programs, such as PPP, to identify potential fraud in RRF recipients. We sponsor the industry's largest trade show (National Restaurant Association Show); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF's ProStart). The wisdom of those measures is debatable; the pain from them is undeniable. Dont do that. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, A New Normal Takes Hold; Restaurants Focused on Paths to Continued Growth in 2023, DIRECTV for BUSINESS and National Restaurant Association Team-Up to Enhance the Restaurant Experience and Advance Restaurant Workers. The first reports were due in December 2021, but 32 percent were overdue as of June 2022. In GovTrack.us, a database of bills in the U.S. Congress. Recipients cannot claim other expenses paid with RRF grant money as nonpayroll costs for purposes of PPP forgiveness. "We hear from restaurants and bars owners each day who applied for a grant and never received one. Updated August 15, 2022 SBA Restaurant Revitalization Fund Grants (Recommendation 7), Restaurant Revitalization Fund: Opportunities Exist to Improve Oversight. Senha. The National Restaurant Association is asking Congress to replenish the Restaurant Revitalization Fund as the Covid omicron variant hits operators' businesses. The Restaurant Revitalization Fund was established in March 2021 to support eligible entities suffering revenue losses from the COVID-19 pandemic. The U.S. Small Business Administration (SBA) is releasing $83 million in leftover Restaurant Revitalization Fund (RRF) aid to restaurateurs who were denied assistance in 2021 because the program burned through most of its $28.6 billion in about three weeks. The Senate has a $48 billion bill, with more than restaurants eligible for revitalization: gyms, minor league sports teams, companies that support live entertainment events (lighting and sound technicians, etc. A particular section of the legislation, Section 5003, laid the foundation for the Restaurant Revitalization Fund. The bill would provide $42 billion to replenish the RRF. The legislation would also provide $13 billion for other businesses affected by the pandemic, and it would establish oversight and reporting requirements to ensure grants are awarded properly and to verify the use of funding. For more information, visitRestaurant.org and find us on Twitter@WeRRestaurants, Cision Distribution 888-776-0942 GAO makes seven recommendations to SBA, including to assess pre-award controls and address deficiencies, strengthen post-award reporting, take additional steps to identify fraudulent or ineligible awards, and develop and implement a plan to address potentially fraudulent award recipients in a timely manner. Rescuing restaurants (again) ought to give Congress indigestion In the initial shutdowns, more than eight million industry employees were laid off or furloughed. Together with 52 State Associations, we are a network of professional organizations dedicated to serving every restaurant through advocacy, education, and food safety. WASHINGTON, Nov. 23, 2022 /PRNewswire/ -- Today, the Small Business Administration (SBA) announced the release of $83 million dollars in unobligated Restaurant Revitalization Fund (RRF) grants to 169 operators with pending applications. Roger Wicker (R-MS) and Kyrsten Sinema (D-AZ), signed the letter . There comes a point where the right policy is: Stop smoothing. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. This will remain until they fully expend the grant funding or the covered period expires. Operators receiving funds should receive notification today and SBA will begin transmitting the grants next week. Congress eventually set aside $28.6 billion dollars for the RRF in the American Rescue Plan Act. Restaurant Revitalization Award Portal. National Restaurant Association Nov 23, 2022, 16:51 ET WASHINGTON, Nov. 23, 2022 /PRNewswire/ -- Today, the Small Business Administration (SBA) announced the release of $83 million dollars in. This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19. According to the Small Business Administration, which handles the fund, restaurants and other eligible businesses can receive funding "equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location." We are beyond disappointed that this massive government funding proposal ignores the needs of 177,300 neighborhood restaurants and bars impacted by the pandemic, IRC executive director Erika Polmar said. "This should be the driving factor in bipartisan support for replenishing the RRF. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Realizar Login. So, in March 2021, seasonal compassion reinforced a political temptation for all seasons Congresss temptation to make life less unfair. The American Rescue Plan created the Restaurant Revitalization Fund. This recommendation will remain open until SBA enhances its post-award reporting procedures to require recipients to report their operating status. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. The unfortunate outcome however was that the demand for the funds was far greater than the supply. Restaurant Revitalization Fund 3807), which would refill the Restaurant Revitalization Fund with $42 billion, was reintroduced in a Rules Committee meeting in the House of Representatives on Tuesday. Follow. This government aide says it knows what voters want. As a restaurant owner, youve most definitely heard about the varying RRF updates throughout the last year, how they could possibly impact your establishment, and more. This plan should include coordinating with the OIG to align efforts to address fraud. As a result, the U.S. Congress introduced legislation called the Restaurant Revitalization Fund (RRF) to help restaurants get back on their feet. On April 7, 2022, the House passed H.R. from 8 AM - 9 PM ET. This news doesnt exactly come as a surprise, but earlier this year, there was some hope that more money was coming. A large chunk of the bill, $42 billion, would replenish the Restaurant Revitalization Fund, a grant program launched as a result of the American Rescue Plan, which President Joe Biden signed into law last year. They are on the verge of closing permanently as a result.". Recipients that are unable to use all of the funds received on eligible expenses by the end of the covered period must return any unused funds to the Treasury. This is not an infusion of funds into the RRF currently; in. (Recommendation 4), The Associate Administrator for the Office of Capital Access should develop and implement data analytics across RRF awards as a means to detect potentially fraudulent award recipients.

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