Outdoor diners at the Bit and Spur Saloon in Springdale, Utah, in summer 2020. There are steps the government can take to support restaurants in every community, and we will continue to press for solutions at the federal, state, and local level.". The recipient has until March 11th of 2023 to use the RRF grant unless the business has permanently closed. This plan should include coordinating with the OIG. It should take place Monday or Tuesday . The Association was first to lay out the plan for a restaurant industry recovery fund to Congress in April 2020. Past-due expenses qualify as RRF expenses. If H.R. 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). LISTEN TO THE QUICK UPDATE PODCAST BELOW! Ninety-six percent of RRFrecipients said the grant made it more likely that their business would survive. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. As a result, the U.S. Congress introduced legislation called the Restaurant Revitalization Fund (RRF) to help restaurants get back on their feet. Apr 7, 2022. Among the 435 congressional districts, surely not one lacks businesses eligible for aid, especially from the Senate bill. Despite literal years of exhortations from everyone from Tom Colicchio to Elizabeth Warren for Congress to provide aid to restaurants, neither the Biden administration nor Congress has acted in a way to provide meaningful, comprehensive assistance. In 2020 and 2021, restaurants, bars, and other food service businesses experienced substantial revenue loss and unemployment resulting from the COVID-19 pandemic. Published: Jul 14, 2022. Restaurant Revitalization Fund Restaurant Owners RRF SBA EIDL Restaurant Revitalization Funds - Yahoo! All Applicants that do not fully expend award funds . Nova Inscrio. We noted in our report, however, that SBA's post-award review procedures for RRF state that flagged awards will be reviewed when the recipients certify that they have spent their entire award or after they submit their final use-of-funds report (not when fraud is initially suspected). Payroll costs claimed as ERTC eligible wages, Forgivable payroll expenses on the PPP forgiveness application, Nonpayroll expenses claimed on the PPP Forgiveness application.
restaurant revitalization fund update 2022