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Fair Share NYC: Restaurants

By NYC Hospitality Alliance

Please see the following message below from NYC Department of Small Business Services (SBS):

Today Mayor Bill de Blasio, the NYC Department of Small Business Services (SBS) Commissioner Jonnel Doris, and NYC Mayor’s Office of Media and Entertainment (MOME) Commissioner Anne del Castillo launched Fair Share NYC: Restaurants, a program to connect restaurants to federal relief funds. The federal Restaurant Revitalization Fund (RRF)provides non-taxable grants to restaurants hit hardest by the COVID-19 crisis. Individual restaurants may qualify for up to $5 million and restaurant groups may be eligible for up to $10 million in grant funding. This grant is designed to reimburse you for any revenue your business lost between 2019 and 2020.
 
RRF registrations will open on Friday, April 30. Applications will open on Monday, May 3. Anyone considering applying is urged to start organizing their application.
Fair Share NYC: Restaurants will help eligible applicants secure these critical funds through:
 
  • Weekly webinars to review the RRF grant program and prepare their application
  • Virtual one-on-one sessions with trained counselors
  • Information about additional programs and services that can help your business
 
Visit nyc.gov/restaurantfund or call 888-SBS-4NYC for more information.
 
Details about the Restaurant Revitalization Fund:
 
Eligible Businesses:
  • Restaurants
  • Bars
  • Tasting rooms
  • Lounges
  • Taprooms
  • Taverns
  • Food trucks
  • Other businesses with the primary purpose of serving the public food and drink
 
Businesses that are part of an affiliated group with more than 20 locations, publicly traded, and/or have a pending application under the Shuttered Venue Operators Grant program are not eligible. You may apply for a grant if you received a Paycheck Protection Program (PPP) loan, but you must deduct that amount from your total grant amount.
 
The first 21 days of this grant program will be prioritizing veteran-, women-, and minority-owned businesses. If your business falls into one of these categories, we recommend preparing as soon as possible.

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