So, in March 2021, seasonal compassion reinforced a political temptation for all seasons Congresss temptation to make life less unfair. The restaurant industry was the hardest hit by the pandemic. The American Rescue Plan created the Restaurant Revitalization Fund. Rescuing restaurants (again) ought to give Congress indigestion, Sign up for a weekly roundup of thought-provoking ideas and debates, Alex Murdaughs conviction rested on a fateful phone video. Initially, nearly $29 billion was appropriated to award eligible restaurants and other establishments to help their businesses in the wake of the pandemic. The President has encouraged most people to stop wearing masks in indoor spaces, something that was unthinkable a year ago. The bill is co-sponsored by Sen. Roger Wicker (R-MS) and includes additional funds for gyms, live venues and transit systems, among other business categories. 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. However, in May, the Senate didn't pass the proposed increase, which was viewed by many as a setback. What to do? Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. Subscribe to Restaurant Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Permission granted by Starbucks Workers United, The Bornk Tuna Sandwich is Back at Erbert & Gerbert's, Olo and Flybuy Strategic Partnership Launches New Premium, Integrated Olo Expo and Order Fire , Interface Announces Technology Acceleration Program for Franchise Brands & Franchisees, CBS NorthStar and Ovation Join Forces to Boost Restaurant Brands' Revenue, By signing up to receive our newsletter, you agree to our, Webinar About 40% of eligible applicants received awards from the resulting Restaurant Revitalization Fund before it was depleted. "We hear from restaurants and bars owners each day who applied for a grant and never received one. LOOK What Happened When This Restaurant Posted a Politically Incorrect Sign. This news doesnt exactly come as a surprise, but earlier this year, there was some hope that more money was coming. The Small Business Administration (SBA) began accepting applications and awarding funds in May 2021. Just over 100,000 businesses received funding (40 percent of eligible applicants). Nearly 1 year ago, the Restaurant Revitalization Fund (RFF) stopped taking applications. Ninety-six percent of RRFrecipients said the grant made it more likely that their business would survive. GAO maintains that all of the recommendations are valid, as discussed in this report. Follow. "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. When typing in this field, a list of search results will appear and be automatically updated as you type. It's unclear whether Democrats in the evenly split Senate will be able to win over at least 10 Republicans to overcome the 60-vote threshold to end any potential filibuster and pass the measure. For instance, it prevented over 30,000 suspicious applications from receiving awards. Restaurant owners plead for Congresss help after omicron surge. In the initial shutdowns, more than eight million industry employees were laid off or furloughed. 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. The recipient has until March 11th of 2023 to use the RRF grant unless the business has permanently closed. Hes also encouraged people to stop working from home and head back into their offices in an effort to move forward after two years of absolute chaos and devastation. 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 first reports were due in December 2021, but 32 percent were overdue as of June 2022. The Restaurant Revitalization Fund was established in March 2021 to support eligible entities suffering revenue losses from the COVID-19 pandemic. Nova Inscrio. As such, well continue to see the consequences of that failure in the coming months. JUNE 2022: In 2022, many RRF updates are in the works. Lawmakers. Six weeks ago six weeks of economic recovery ago Britschgi noted that in general, there are more small businesses open today than existed before the pandemic. And almost all government-dictated restrictions on commerce have ended. Welp, its (almost) official: when Congress takes up the 2022 omnibus spending bill, there wont be any new money for restaurants that are still struggling after years of pandemic-related losses. 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. Assessing controls and addressing deficiencies would help SBA better ensure program integrity. 200Littleton, Colorado 80120. This recommendation will remain open until SBA develops and implements a plan to respond to potentially fraudulent and ineligible awards in a prompt manner. 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. Arriving as federal spending has driven inflation to a 40-year high, the Replenishment Act indicates disregard for this rule: When you are in a hole, quit digging. Use of Funds Validation is now available for Restaurant Revitalization Fund awardees. SBA stated that the agency will review a sample of RRF awards and use the results of this review to inform the effectiveness of its post-award procedures. The unfortunate outcome however was that the demand for the funds was far greater than the supply. The Restaurant Revitalization Fund covered period begins on February 15, 2020 and ends on March 11, 2023. All rights reserved. This recommendation will remain open until SBA provides evidence of using enforcement data (e.g., information on suspicious borrowers provided by the Department of Justice or SBA's Office of Inspector General) on suspected fraud in other SBA programs to identify potential fraud in RRF recipients. In 2020, independent locations declined by 8 percent, according to The NPD Group. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. the aid could benefit? All of the funds had to be used for valid cases and claims up to March 11, 2023. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. However, in May, the Senate didnt pass the proposed increase, which was viewed by many as a setback. U.S. Small Business Administration RRF Award Portal, Restaurant Revitalization Funding Program. On April 7, 2022, the House passed H.R. 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). In GovTrack.us, a database of bills in the U.S. Congress. 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. Rebecca Shabad is a politics reporter for NBC News based in Washington. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. The $55 billion bill would largely replenish a grant program created by the American Rescue Plan that provides assistance to restaurants. The U.S. House and Senate passed a bill, S.4008, which wouldve added $40 billion to the plan a significant increase over the approximate $29 billion originally proposed in the RRF. Restaurant Revitalization Fund (RRF) Updates. 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. This plan should include coordinating with the OIG to align efforts to address fraud. By June 2021, the fund's $28.6 billion had been disbursed to 100,000 applicants in grants averaging $283,000. 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. As a result, the U.S. Congress introduced legislation called the Restaurant Revitalization Fund (RRF) to help restaurants get back on their feet. This government aide says it knows what voters want. 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. 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. This recommendation will remain open until SBA provides evidence of conducting data analytics across RRF awards to detect potentially fraudulent recipients. 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. On Nov. 23, the U.S. Small Business Administration (SBA) released a statement about the current state of the Restaurant Revitalization Fund (RFF), which helped more than 100,000 restaurants and food and beverage business owners during the pandemic. Curso de Amostrador 2022. In January 2023, SBA stated that it follows standard operating procedures to refer suspicious activity to the OIG. If the business permanently closes, the covered period will end when the business permanently closes; or, on March 11, 2023 whichever occurs sooner. 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. (Recommendation 6), The Associate Administrator for the Office of Capital Access should develop and implement a plan to respond to potentially fraudulent and ineligible RRF awards in a prompt and consistent manner. The Small Business Administration (SBA) began accepting applications and awarding funds in May 2021. www.arffinancial.com/updates-to-the-restaurant-revitalization-fund/, Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/103.0.0.0 Safari/537.36. A similar attempt to refill the RRF was left out of the omnibus spending bill earlier this year. Joanna Fantozzi | Apr 06, 2022. SBA agreed or partially agreed with two recommendations. This plan should include coordinating with the OIG. They said at least 90,000 restaurants and bars have closed since the pandemic started more than two years ago. The Small Business Administration confirmed it will distribute $180 million in unspent money allocated for the Restaurant Revitalization Fund as awards, the National Restaurant Association said in an email to Restaurant Dive. 3807 or, the Relief for Restaurants and other Hard Hit Small Businesses Act of 2022, which would provide about $42 billion to provide fresh funding for the RRF . The government closed restaurants and bars because they were considered particularly apt to endanger the public by spreading the coronavirus, so the public should compensate everyone for losses suffered on the publics behalf. Dont do that. Even the Restaurant Revitalization Fund, with its paltry $28.6 billion in initial funding, wasn't enough to meaningfully help most establishments. Apr 7, 2022. 11 a 13 de maio de 2022 - Lavras/MG. What is the timeframe for using the RRF grant money? A particular section of the legislation, Section 5003, laid the foundation for the Restaurant Revitalization Fund. Roger Wicker (R-MS) and Kyrsten Sinema (D-AZ), signed the letter . Number of Restaurant Revitalization Fund Applications by Eligibility and Funding Status. This field is for validation purposes and should be left unchanged. Most recipients (72 percent) reported they were owned by women, veterans, or members of socially and economically disadvantaged groups. Restaurant Revitalization Award Portal. By December 31, 2021, all Awardees are required to report through this application portal how much of their award has been used against each eligible use category. Restaurant Revitalization Fund Award Disbursements, May 3July 1, 2021. Less than 10 days after the SBA launched the RRF Portal, the applications submitted equated to more than twice the amount of funds available. 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. "This should be the driving factor in bipartisan support for replenishing the RRF.
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