The American Rescue Plan Act established the $28.6 billion Restaurant Revitalization Fund (RRF) to provide grants to help restaurants and other eligible businesses impacted by the COVID-19 pandemic remain in business. This program will provide restaurants with funding equal to their pandemic-related revenue losses, up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the grant as long as the funds are used for eligible expenses no later than March 11, 2023.
Join us as we walk you through exactly what this program means for Colorado restaurants; who is eligible to apply and when; and what you need to know to be ready when your time comes to apply.
Senator John Hickenlooper will kick us off with relevant background on this fund and provide an update on other federal issues that will impact restaurants. Aaron Frazier, Director of Healthcare and Tax Policy at the National Restaurant Association, will run us through the details of the RRF program. Torben Welch, Partner at Messner Reeves LLC, and regional SBA representative(s) will be on hand to answer your questions. There will be plenty of time for Q&A.