facebook pixal
Financing

National Restaurant Association launches grassroots push to replenish RRF

In a letter to Congress, the Association highlighted survey results that show the first round of aid saved more than 900,000 jobs and helped 96% of recipients stay in business.

The National Restaurant Association today released new survey data highlighting the devastating impact the omicron variant has had so far, and the positive impact the Restaurant Revitalization Fund (RRF) had on the industry. In a letter to Congress, the Association highlighted that the survey shows that the first round of RRF funding saved more than 900,000 jobs and helped 96% of recipients of a grant stay in business.

 A replenished Restaurant Revitalization Fund would save more businesses and jobs.

  • 46% of restaurant operators that applied for an RRF grant but did not receive funding said it is unlikely that they will be able to stay in business beyond the pandemic, if they do not receive a grant through the RRF.
  • 94% of restaurant operators that applied for an RRF grant but did not receive funding said a future grant would enable them to retain or hire back employees that would otherwise have been temporarily or permanently laid off.
  • The National Restaurant Association estimates that future grants awarded after a full replenishment of the Restaurant Revitalization Fund will potentially save more than 1.6 million restaurant jobs that are currently at risk.

 

Please JOIN the grassroots movement to replenish RRF.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Trending

More from our partners