Podcasts about restaurant revitalization fund

The U.S. Small Business Administration (SBA) began distribution of returned funding in the Restaurant Revitalization Fund (RRF) program, following the program's closure in June 2021. In doing so, the SBA worked with the advice of the Department of Justice on a plan to distribute the remaining funds, approximately $83 million. The SBA has contacted the recipients of the awards. In addition to other SBA assistance programs, the RRF has helped more than 100,000 restaurants and other food and beverage business owners survive the pandemic. Connect and watch live on Facebook: http://bit.ly/SheBossTalkShow Subscribe to our YouTube Channel http://bit.ly/SheBossTalkYouTube Subscribe to our Podcast https://anchor.fm/shebosstalk Follow us on Instagram: www.instagram.com/shebosstalk Follow us on Pinterest: www.pinterest.com/shebosstalk Be part of She Boss Tribe https://www.facebook.com/shebosstalk/support/ Opportunities to be part of the Show She Boss Talk Show Guest - Apply bit.ly/SBTShowGuests She Boss Talk Ambassador - Apply bit.ly/SBTAmbassador She Boss Talk Author Spotlight - Apply bit.ly/SBTAuthorSpotlight She Boss Talk Product Reviews - Apply bit.ly/SBTPRoductReview She Boss Sponsorship - Submit http://bit.ly/SBTSponsors Visit us at www.shebosstalk.com. --- Send in a voice message: https://anchor.fm/shebosstalk/message

Did Starbucks win its labor battle? This week's episode of the Restaurant Business podcast A Deeper Dive features a debate between myself and Peter Romeo, the editor at large of RB, on the success of Starbucks' pushback against unions. For some time, it seemed that another Starbucks store formed a union every few hours. The push, the most successful effort to unionize a restaurant chain, contributed to massive changes at the Seattle-based coffee giant, particularly in the executive team. That push has slowed in recent months. Romeo and I debate whether that's a sign that Starbucks has won. We also talk about a potential rail strike, which could inject yet another black swan event onto a restaurant industry that has dealt with several of them over the past three years. And we talk about the U.S. Small Business Administration's recent decision to send out more Restaurant Revitalization Fund grants to operators.

This week, we discuss the announcement that what's left of the Restaurant Revitalization Fund is finally being distributed.

Just before the Thanksgiving holiday, the U.S. Small Business Administration announced that the government agency would be distributing $83 million in unobligated Restaurant Revitalization Fund money to 169 restaurant operators with pending RRF applications. Over the summer, NRN reported on an independent audit by the U.S. Government Accountability Office that found the SBA was sitting on $180 million of unobligated Restaurant Revitalization Fund money. At the time, the SBA said that they planned to distribute the funds with help from the Justice Department, though no further details were available. Earlier this month, the SBA provided an update that no further applications were needed, and funding would be distributed soon on a “first-applied, first-serve basis.” According to the National Restaurant Association, the previous estimate of $180 million in leftover funding was inaccurate, and the $83 million represents the last of the RRF funding that any restaurant will ever see. Grants will be distributed in the order in which applications for the original RRF grants were received last year, starting this week. Operators will have until March 2023 to spend the money. Find out more on this story from senior editor Joanna Fantozzi.

If you receive relief through the Restaurant Revitalization Fund, there are two fast approaching deadlines you need to be aware of. Otherwise, your relief funds might be in jeopardy. A bonus episode of the Northwest Hospitality Leadership podcast is out now. The group discusses what work brings them joy, what brings frustration, and how knowledge of these areas helps them decide how to fill out their teams. For more information, go to https://www.wahospitality.orgSubscribe to Washington Hospitality Industry Podcast on Soundwise

The Restaurant Revitalization Fund was all anyone could talk about for months when the pandemic started. It became a major lifeline for struggling restaurants who couldn’t receive Paycheck Protection Program loans. Then it ran out of funds. A second round of RRF funds were voted on and rejected by Congress, leaving struggling restaurants stranded without a lifeline. Turns out, that wasn’t the case. During an investigation this summer, an independent body found out that $180 million in funds hadn’t been distributed from the original RRF. While that may seem like a lot — and will make a substantial difference for many restaurants when and if it is eventually distributed — it’s only 1% of the money the fund held initially. Here’s Joanna Fantozzi with some breaking news on the RRF front and a much-needed update. Plus, catch up on all the top news of the day with our daily news recap at the beginning of each episode. Be sure to subscribe to First Bite wherever you get your podcasts or on Spotify, or Apple Podcasts.

The SBA is set to award an added $180 million in unspent funds allocated for the Restaurant Revitalization Fund (RRF) back in 2021. This is not an infusion of funds into the RRF currently; in fact, a new law was introduced and passed by the House of Representatives to replenish the RRF with more than $40 billion, but it did not pass the Senate (See June 2022 update below). It is not clear how, when, or to whom these RRF grants will be issued, so do not throw away any correspondence from the SBA because you may be one of the lucky stores to receive an extremely late RRF grant! As we learn more from the SBA about the Restaurant Revitalization Fund (RRF) and any updates surrounding it, we will continue to make updates on the blog post and right here on The Tip Share! Read the full Blog Post: https://rasiusa.com/blog/restaurant-revitalization-fund-updates/ Watch the Quick Snippet Video: https://youtu.be/cGppdFKGsuI Social Handles: RASI Instagram: https://www.instagram.com/rasinc__/ RASI Twitter: https://twitter.com/RASInc_RASI Facebook: https://www.facebook.com/RestaurantAccountingServicesInc RASI LinkedIn: https://www.linkedin.com/company/restaurant-accounting-services-inc-rasi

How is the restaurant industry dealing with the difficult operating environment? This week’s episode of the Restaurant Business podcast A Deeper Dive features an interview with Michelle Korsmo, who took over as CEO of the National Restaurant Association in May. Korsmo discusses her career to date. She has worked in public policy at the state and federal levels and most recently was chief executive of the Wine and Spirits Wholesalers of America before taking over the top post at the association. Korsmo discusses the state of the industry at the moment. And she talks about the Restaurant Revitalization Fund, and why the U.S. Small Business Administration is sitting on $180 million in leftover funding. The SBA may release those funds. She also talks about balancing the needs of those small restaurants with those of large chains. There is also a discussion on so-called “shrinkflation.”

What's going on with the $180 million left over in the Restaurant Revitalization Fund? Papa John's, Burger King and more released quarterly earnings. And a Hawaiian donut chain is headed to the mainland.

This week, we discuss the news that the SBA has yet to distribute a reported $180 million from the Restaurant Revitalization Fund, and what it means.

The U.S. Small Business Administration has yet to disperse $180 million of unobligated funds that were set aside for the Restaurant Revitalization Fund as of June 2022, according to a July report published by the U.S. Government Accountability Office. The Government Accountability Office analyzed weakness and issues with the Restaurant Revitalization Fund program, which appropriated $28.6 billion to the foodservice industry in 2021. According to the report, 88% of applicants were eligible for funding, but only 40% ended up receiving Restaurant Revitalization Fund money. Here’s Joanna Fantozzi with more on the story. Plus, catch up on all the top news of the day with our daily news recap at the beginning of each episode. Be sure to subscribe to First Bite wherever you get your podcasts or on Castos, Spotify, or Apple Podcasts.

This week on Extra Serving, a Nation’s Restaurant News podcast, NRN editors Holly Petre, Sam Oches and Bret Thorn discussed the news that the Small Business Administration had $180 million in undistributed Restaurant Revitalization Fund money left. The National Restaurant Association revealed this money in a letter to the SBA asking for it to be distributed to restaurants after a June report released in July showed that the government agency still had money left to distribute. The team discussed what this could mean for restaurants. Also, the team discussed menu price hikes. Two of the largest chains — McDonald’s and Chipotle — announced they would be raising menu prices as part of their Q2 earnings. With inflation still on the rise, the team discussed what this impact could have on customers and how this will impact sales. This week’s interview is Anita Adams, CEO of Black Bear Diner, who spoke with Ron Ruggless about the chain’s growth plans.

The Restaurant Revitalization Fund is not empty after all. McDonald's CEO defends the chain's new franchise standards. And why hotel acquisitions are soaring this year.

What is the state of the restaurant industry this year? This week's episode of the Restaurant Business podcast A Deeper Dive features Lance Trenary, the CEO of Golden Corral and chairman of the National Restaurant Association, to discuss the general state of restaurants. Trenary joined the podcast from the association's recently completed show, the first one in three years. The show was held just days after Congress could not muster enough votes to approve a package that would have provided $40 billion in funding for the Restaurant Revitalization Fund. Trenary talks about what that means for restaurants that had been counting on receiving their grants. He also talks about the numerous challenges facing the industry, notably soaring labor and supply chain costs, and what impact this is having on operators. Trenary also talks about how his own chain, Golden Corral, has been able to deal with these issues.

Indies are frustrated by the death of the Restaurant Revitalization Fund. Ben's Friends is offering a safe space for those in the industry addicted to alcohol and drugs. And the National Restaurant Association Show continues through Tuesday.

A refill for the Restaurant Revitalization Fund died in the Senate. A recession is beginning to look likely. And McDonald's found a buyer for its Russian restaurants.

Next week, the Senate will vote on whether or not to replenish the Restaurant Revitalization Fund (RRF). Nearly 200,000 restaurants were approved to receive grants from the RRF before it ran out of funds in 2021. The fund could provide $40 billion to the restaurant industry, funds that are essential for the survival of our independent and local restaurants. Call our Senators at 202-224-3121 and tell them to vote YES to replenish the RRF.

The Senate is poised to vote on a bill that would re-fill the Restaurant Revitalization Fund. Consumers are expecting the worst when it comes to inflation. And Chipotle Mexican Grill is responding to charges of unfair hiring practices.

Today I breakdown Reef Kitchens as they seek an ownership stake in 800 Degrees Go, a joint venture between restaurant chain 800 Degrees and robotics company Piestro, 800 Degrees Go announced Thursday. Reef will also open 500 800 Degrees Go locations through 2027, and Kenneth Rourke, Reef's EVP of kitchens and brands, has joined 800 Degrees Go's board.800 Degrees Go currently operates out of 40 Reef locations in 13 markets and expect to open 100 more units this year, according to the press release. Reef initially announced a deal with 800 Degrees eight months ago to operate 500 mobile units by 2026. These plans and Reef's current deal with 800 Degrees Go are one and the same, 800 Degrees CEO Tommy Lee wrote in an email to Restaurant Dive.This past Thursday the House of Representatives passed The Relief for Restaurants and Other Hard Hit Small Businesses Act of 2022 (H.R. 3807), which would add $42 billion into The Restaurant Revitalization Fund. The bill, which will soon face the Senate, would also allocate $13 billion for other businesses with less than 200 employees that were hurt by the pandemic environment.If H.R. 3807 passes the Senate, the 177,000 restaurants that were approved for RRF grants but did not receive funding before the portal closed are already in a queue to receive grants, legislators said on a media call hosted by the Independent Restaurant Coalition on Thursday afternoon. About 20% of the industry will be eligible and will be asked by the SBA to sign a form confirming their businesses are either open or will reopen in the next sixth months. No additional application requirements will be necessary.

The proper name is the Restaurant Revitalization Fund Replenishment Act of 2021 — would add $42 billion to the SBA's pandemic-era relief program. Now, after the House vote, the act will head to the U.S. Senate. If passed there, it will move to the President's desk.   If the Replenishment Act is signed into law, the funds would render aid to the nation's restaurant industry. It's a rollercoaster ride that continues on Capitol Hill. None of us want this to be false hope, because the industry has been through too much already when it comes to this topic. Senate must refill the Restaurant Revitalization Fund to ensure every independent restaurant and bar can survive and thrive. If you hop on https://www.saverestaurants.com/ site has clear call to action! Please get yourself in gear!

In today's stimulus update, SBA COVID-19 EIDL funds to exhaust in 2 weeks; House passes bill to extend the Restaurant Revitalization Fund and more small business relief; Student loan repayment moratorium extended to August 2022; SBA announces State Small Business Persons of the Year Award Winners; Paycheck Protection Program (PPP) audits underway; RTC $400 billion payroll tax credit up to $26,000 per W2 employee; more grants available. Let's talk about what this means for small business. Connect and watch live on Facebook: http://bit.ly/SheBossTalkShow Subscribe to our YouTube Channel http://bit.ly/SheBossTalkYouTube Subscribe to our Podcast https://anchor.fm/shebosstalk Follow us on Instagram: www.instagram.com/shebosstalk Follow us on Pinterest: www.pinterest.com/shebosstalk Opportunities to be part of the Show She Boss Talk Show Guest - Apply bit.ly/SBTShowGuests She Boss Talk Ambassador - Apply bit.ly/SBTAmbassador She Boss Talk Author Spotlight - Apply bit.ly/SBTAuthorSpotlight She Boss Talk Product Reviews - Apply bit.ly/SBTPRoductReview She Boss Sponsorship - Submit http://bit.ly/SBTSponsors Visit us at www.shebosstalk.com. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/shebosstalk/message Support this podcast: https://anchor.fm/shebosstalk/support

This week on the Extra Serving podcast, a production of Nation’s Restaurant News, NRN editors Holly Petre, Sam Oches, and Joanna Fantozzi spoke about the return of the Restaurant Revitalization Fund. As the three editors hit the record button, the RRF was passed in the House of Representatives, securing $42 billion in funding for restaurants who did not receive funding the first time around. However, while on the podcast, news broke that the Senate would not be taking up a vote until after April recess. Hear what the editors had to say about this shocking news. Plus, the editors discussed Virtual Dining Concepts new CEO, Stephanie Sollers. Sollers comes to VDC from DoorDash and, as the editors discuss, will be able to help the brand mature past its current stage. But what does it mean that this company is getting its first-ever CEO? Is this finally the start of a new segment? The editors discuss. Also, Petre, Fantozzi, and Oches discuss Chipotle entering the metaverse. While the fast-casual brand is following in Wendy’s footsteps just a week later, it’s entering the metaverse with a game. Learn more about the gamification of the metaverse and how this could impact the way brands enter the metaverse in the pod. Lastly, Fantozzi speaks with J.R. Galardi, CEO of Wienerschnitzel as he takes over the reins at the family-run company. They talk about what it’s like to be part of a family run company and the brand’s plans for growth.

The Technomic Top 500 is out, and it shows that chain restaurants have largely recovered from the pandemic. The latest effort to replenish the Restaurant Revitalization Fund made it through the House. And baseball's opening day brought a new lineup of food and drink options to stadiums.

Is there some hope left for the Restaurant Revitalization Fund? Restaurants are still struggling to drive delivery orders through their own channels. And Dave & Buster's is buying a competing food-and-games chain.

Crypto Impact on RestaurantsRestaurant Revitalization Fund is dropped from omnibus spending bill as hope for relief dwindles. The second round of restaurant relief will not be included in the omnibus spending bill expected to be voted on by Friday. The rallying cry for a last-ditch effort to include another round of the Restaurant Revitalization Fund in President Biden's spending package was led by Senate Small Business chair Sen. Benjamin Cardin (D-Maryland) and Sen. Roger Wicker (R-Miss.) in February. Torchy's Tacos founder Mike Rypka is back as CEO, the company said Thursday.Fresh Mex Moves with Torchy'sRypka was serving as interim CEO for the Austin, Texas-based chain following the retirement of former CEO GJ Hart, which was announced in November. Before launching Torchy's, Rypka was a corporate chef for several fortune 500 organizations MTV Studios, Disney Animation, and Dell. The chain took on a new group of new investors in 2020 that included private-equity firm General Atlantic, as well as D1 Capital Partners, T. Rowe Price, Lone Pine Capital and XN.Chippy ChipotleChipotle has recruited a mechanical employee to take the weight off the hard-working humans. The new recruit is called Chippy and has been given the all-important task of making the Mexican food chain's tortilla chips. Chippy will be helping with staff shortages and combating inflation as we see more and more tech use with fast-casual concepts.Chippy's first shift at Chiptole will take place in its test center in Irving, California. Chippy is a product of Miso Robotics, whose other business partners include the aforementioned Buffalo Wild Wings and the Dodgers baseball franchise. Chipotle, they gave their own reasonings behind their new hire: “We are always exploring opportunities to enhance our employee and guest experience. Our goal is to drive efficiencies through collaborative robotics that will enable Chipotle's crew members to focus on other tasks in the restaurant.”McD Goes All-In On PodcastsPodcast growth has led to increased attention to and investment in podcast networks that can better connect advertisers with diverse creators to reach these audiences. SiriusXM this month signed an exclusive deal with reVolver Podcasts, a network that specializes in Spanish-language podcasts. Earlier this year, Pod Digital Media, a full-service agency for multicultural podcasters, signed a three-year, eight-figure ad deal with McDonald's as the QSR giant seeks to invest in diverse media partners.In 2022, 51% of the population has listened to a podcast and roughly 78% are familiar with the medium.Podcast listeners increased by 29.5% from 2018 to 2021.Over one-third (104 million) of Americans listen to podcasts regularly.According to Edison Research, 41% (116 million) listened to a podcast in the last month.28% (80 million) of Americans are weekly podcast listeners.

This week on Order Up, we're joined by Sean Kennedy, Executive Vice President for Public Affairs, and Mike Whatley, Vice President of State Affairs, to get the low down on the legislation that most impacts restaurant operators in 2022. Tune in to hear about initiatives that the National Restaurant Association plans to continue fighting for and what policies will stay with us beyond the pandemic.  (01:15) - Restaurant Revitalization Fund update (02:58) - Employee Retention Tax Credit delay (05:09) - Immigration reform and visa programs (07:31) - Cocktails to go (10:15) - The future of the tip credit (14:38) - Third party delivery principles (17:04) - Natural gas cooking legislation (19:20) - https://conference.restaurantsact.com/ (Public Affairs Conference) This podcast is not intended to provide medical or legal advice, and nothing in this podcast shall be deemed to create or grant any rights to any third parties. Podcast listeners are encouraged to do their own research, and where appropriate, obtain the advice or guidance of legal counsel or the input of other experts with respect to their practices and/or applicable laws. Listeners are encouraged to consider the applicability and suitability of the information provided for their own individual circumstances, and the National Restaurant Association and its affiliates cannot warrant the applicability of the information to any particular listener or party. Given the rapidly evolving nature of the pandemic, guidance may change as our understanding of unique challenges that COVID-19 poses within each country, state, and locality evolves. If you'd like to receive new episodes as they're published, please subscribe to https://www.restaurant.org/events/learning/podcasts/order-up (Order Up) in https://podcasts.apple.com/us/podcast/order-up/id1511211971 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9IcFhHRHhqVQ (Google Podcasts), https://open.spotify.com/show/3SOAkud8tkbaLCaU8W4Ne5 (Spotify), or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://podcasts.apple.com/us/podcast/order-up/id1511211971 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)

Check out our thoughts and views on the world of restaurants, technology, and off-premise food in our round-up of some of last week's hot news stories.Articles mentioned:BUYK & Fridge No More SHUT DOWNhttps://cnn.it/3tSNxlQCongress has dashed any chance of the RESTAURANT REVITALIZATION FUND restarting.https://bit.ly/3IfHKfmGAS PRICE AFFECTING GIG DRIVERShttps://bit.ly/3i9EfMwhttps://abc7ne.ws/3q2yLHYMany nay-sayers think healthy food and international cuisine is a coastal elite thing and will never be more than a niche.  Restaurants should take note of what's happening in CPG and Grocery.A. Variety seekers, sugar avoiders drive sparkling water category. Sparkling water has bubbled over with growth and interest from consumers in recent years. Sales of flavored sparkling water grew 24% between 2020 and 2021, according to data from Nielsen, with the category expected to experience annual growth of nearly 13% through 2028. https://bit.ly/3i4QDO3B. Consumer interest in probiotics is growing far beyond yogurt, survey finds. Research from Chr. Hansen shows opportunity for food manufacturers to expand the microorganisms to new categories and dayparts — and to educate about their benefits.Support the show

In today's stimulus update, Senators call for "Robust COVID-19 Small Business Relief Package; Restaurant Revitalization Fund efforts ramp up; President Biden forgives $415 million in student loan debt; SBA provides update on PPP appeals; EIDL program appeal updates; ERTC $400 billion payroll tax credit up to $26,000 per W2 employee; State increasing grant funding; more 2022 national rolling out. Connect and watch live on Facebook: http://bit.ly/SheBossTalkShow Subscribe to our YouTube Channel http://bit.ly/SheBossTalkYouTube Subscribe to our Podcast https://anchor.fm/shebosstalk Follow us on Instagram: www.instagram.com/shebosstalk Follow us on Pinterest: www.pinterest.com/shebosstalk Opportunities to be part of the Show She Boss Talk Show Guest - Apply bit.ly/SBTShowGuests She Boss Talk Ambassador - Apply bit.ly/SBTAmbassador She Boss Talk Author Spotlight - Apply bit.ly/SBTAuthorSpotlight She Boss Talk Product Reviews - Apply bit.ly/SBTPRoductReview She Boss Sponsorship - Submit http://bit.ly/SBTSponsors Visit us at www.shebosstalk.com. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/shebosstalk/message Support this podcast: https://anchor.fm/shebosstalk/support

Today on the Zeoli Show, Rich discussed the identity crisis Democrats are going through in the leadup to the 2022 midterms and 2024 elections. With woke politics, cancel culture, etc. their appeal to the working class of Americans has faded away and they don't have a plan to get them back. They believe in the progressives like AOC that will lead them on the "woke" side of history.  6:04-NEWS 6:08-Amazon gives us a release date for Jack Carr's show "The Terminal List."  6:26-HIllary Clinton hints at her return to politics  6:37-Yeadon Borough votes to fire police chief Anthony Paparo  7:02-NEWS 7:06-Democrats have no connection to the working class anymore  7:32-Transgender athletes are shattering ivy league swimming records  7:47- CUT SHEET | Senator Elizabeth Warren believes companies are using inflation to just raise prices unjustly | President Biden sends a fax to Putin to avoid WWIII |  8:08-Joy Behar plans to wear a mask indefinitely 8:12-Removing mask mandates is "triggering" some Network morning TV hosts  8:17-Russia mobilizes largest military deployment in Europe since World War II.  8:21-NEWS 8:35-Managing Partner at the Drexelbook joined Rich to discuss the lack of help the restaurant industry has gotten from Pennsylvania public officials by not replenishing the Restaurant Revitalization Fund, which would provide grant money to Pennsylvania restaurants.  9:00-NEWS 9:05-Author and former NAVY Seal Jack Carr joined Rich to discuss his thoughts on how the United States should approach the growing conflict between Russia and Ukraine. He also was proud to announce the official release date for the TV adaptation of his book "The Terminal List" on Amazon prime this July starring Chris Pratt!   9:27-More clues on the possibility of a COVID lab leak in China 9:43-CUT SHEET | Secretary of State Tony Blinken speaks to the UN | Hillary Clinton is back |    Photo by: Brandon Bell / Staff

Zeoli Show Hour 3:  In the third hour of the Zeoli Show, Rich heard from Joy Behar and network morning show hosts triggered by the removal of mask mandates in some states. Reports broke that Russia has moved additional troops to the Ukraine border and Managing partner Domenick Savino joined Rich.  8:08-Joy Behar plans to wear a mask indefinitely 8:12-Removing mask mandates is "triggering" some Network morning TV hosts  8:17-Russia mobilizes largest military deployment in Europe since World War II.  8:21-NEWS 8:35-Managing Partner Domenick Savino at the Drexelbook joined Rich to discuss the lack of help the restaurant industry has gotten from Pennsylvania public officials by not replenishing the Restaurant Revitalization Fund, which would provide grant money to Pennsylvania restaurants. 

Restaurant operators say the need for a replenishment of the Restaurant Revitalization Fund is dire. We take a look at if, and when, that might happen.

We're taking a look at a recently released survey from the National Restaurant Association that shows the impact of Omicron on restaurant operators, and what many say is an imminent need for a Restaurant Revitalization Fund replenishment. We're also talking about restaurant fallout from the Supreme Court vaccine mandate decision, and a daring drone rescue.

The grace period for Michigan license and registration renewals has been extended, the DNR is investigating the death of up to 500 carp in one Michigan lake and Michigan businesses will receive $784 million from the Restaurant Revitalization Fund. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

National Restaurant Assoc RRF Update. The host for this episode is Sheryl Matsuoka. The guests for this episode are Mike Whatley and Chivon Garcia. Hear the latest update on the Restaurant Revitalization Fund from the National Restaurant Association and what can our restaurateurs do to make sure this grant gets fully funded. ⅓ of Hawaii's restaurants received $414 Million of the $28.6 Billion although ⅔ of Hawaii's restaurants that applied did not receive anything. What are the chances for the restaurants that did not receive any funds to receive financial assistance? NRA answers your questions.

While Congress created the Restaurant Revitalization Fund to provide relief to restaurants, a business sector extremely hard-hit by government-imposed shutdowns and other restrictions related to the COVID-19 pandemic, everyone knew the demand for the funds would be far greater than the supply. According to the SBA, more than 278,000 applications were received by June 30th, seeking more than $72.2 billion in funding. The SBA closed the program and stopped accepting applications on July 2nd, but less than 10 days after the SBA launched the RRF Portal on May 3rd, the applications submitted equated to more than twice the amount of funds available. During this week's episode of The Tip Share, RASI Director of Compliance, Brian Smith, sits down with RASI New Business Development Strategist, Dave Downs to discuss the latest updates within the RRF and the need-to-know details for those who received funding. Watch the full Video: https://www.youtube.com/watch?v=IGu4jPesJEs Read the full Blog Post: https://rasiusa.com/blog/restaurant-revitalization-fund-updates Social Handles: RASI Instagram: https://www.instagram.com/rasinc__/ RASI Twitter: https://twitter.com/RASInc_ RASI Facebook: https://www.facebook.com/RestaurantAccountingServicesInc RASI LinkedIn: https://www.linkedin.com/company/restaurant-accounting-services-inc-rasi

With the Restaurant Revitalization Fund leaving more than a quarter-million applicants unfilled, states are beginning to step up and help out the hospitality industry. Several states have created their own restaurant funds to help with things like lost revenue, equipment, and worker shortages. On this episode of the Happy Mouth Podcast, chef Nyesha Arrington and restaurateur Philip Camino break down the various states that have created their own restaurant funds. Listen to Philip and Nyesha discuss state-created restaurant funds: The SBA shut down the RRF on July 14 265,000 applicants didn't receive money The National Restaurant Association asked governors, mayors, and other state officials to launch state-based funding New York's 2021 budget includes $25 million dedicated to the New York Restaurant Resiliency Grant Program and $35 million for the Restaurant Return-to-Work Tax Credit The Restaurant Resiliency Grant awards funds to restaurants that give meals to under-represented communities The Return-to-Work Tax Credit allows restaurants that lost at least 40% of their revenue to receive a $5,000 tax credit for each worker they rehire Businesses can apply for 10 workers rehired, with a maximum of $50,000 for tax credits New Jersey Governor Phil Murphy signed 6 bills that give additional help to small businesses in the state, including a relief package for $30 million dedicated to bars and restaurants $20 million is set aside for grants for restaurants and operators with the other $10 million given to entities that purchased in-bulk restaurant meals for those in need There's a $25 million fund for new restaurants, retailers, and other service providers to help restore storefronts empty as a result of COVID-19 Ohio has set aside $100 million for a restaurant grant fund Restaurants, bars, coffee shops, food, trucks, cafeterias, and other businesses can apply for grants of $10,000, $20,000, and $30,000; depending on revenue losses Links: Happy Mouth Podcast Instagram Happy Mouth Podcast - July 12, 2021: SBA Shutting Down The RRF Restaurant Dive - Tracking 2021 state restaurant aid Restaurant Dive - NRA urges states to offer grants as RRF runs dry Restaurant Dive - NY passes budget that includes $60M in restaurant relief We have a lot more content coming your way! Be sure to check out our other shows: Full Comp The Happy Mouth Morning Show Restaurant Marketing School The Playbook

Oh, how we hardly knew ye Restaurant Revitalization Fund. After serving just 105,000 restaurant operators over less than a single month, the RRF is officially being shut down by the SBA. Despite having a total of $26.8 billion in funding, the RRF flew through its allotted amount of money quickly. With lawsuits alleging discrimination and the rescinding of thousands of grants, some are viewing the RRF as a complete failure. On this episode of the Happy Mouth podcast, restaurateur Philip Camino and chef Nyesha Arrington take a look back at the RRF and its pending shutdown. Nyesha and Philip also discuss if the RRF was a failure and what should have been done differently. Listen to Philip and Nyesha discuss the RRF ending: The RRF opened for applications on May 3, 2021, receiving more than 186,000 applicants in the first two days The RRF had been funded with $28.6 billion, with $5 billion earmarked for small businesses -- Which ran out in just 21 days Women, veterans, and those who are socially and economically disadvantaged received priority That priority treatment spurred several lawsuits against the Small Business Association (SBA), including one that was successful The SBA has rescinded almost 3,000 awards from those prioritized individuals A bill was introduced in the Senate to refill the fund with a proposed $60 billion, though it's struggling to find bipartisan support The SBA has announced they'll disable the RRF portal on July 14, meaning they'll no longer accept applications The SBA awarded money to 105,000 restaurant operators before funds ran out, though 265,000 applications didn't receive any money Links: Happy Mouth Podcast Instagram Restaurant Business - SBA pulls the plug on the Restaurant Revitalization Fund Restaurant Business - SBA stops Restaurant Revitalization Fund payments after courts rule they're discriminatory Independent Restaurant Coalition - Contact Congress Deeper Dive podcast - Is there any hope for the Restaurant Revitalization Fund? We have a lot more content coming your way! Be sure to check out our other shows: Full Comp The Happy Mouth Morning Show Restaurant Marketing School The Playbook

What happens with the Restaurant Revitalization Fund now? This week's episode of the Restaurant Business podcast “A Deeper Dive” features Sean Kennedy, executive vice president of public affairs for the National Restaurant Association, to talk about the status of that fund and some other issues. Congress allocated $28.6 billion in funds for grants to restaurants. They were quickly snapped up, but more than 3,000 operators whose grants were approved were later told that their funds were rescinded due to court rulings in lawsuits filed by those who claimed that the process was discriminatory—the funds were first targeted at women and people of color. The fund has since been closed, with little indication that those 3,000 will get their funds.

The Restaurant Revitalization Fund was a massive hit, earning nearly 200,000 applicants in the first two days. But nearly two months after sending out the first checks, the SBA has been rescinding some RRF grants without a clear explanation. Hosts Philip Camino and Nyesha Arrington break down the latest RRF updates and RRF information. They discuss what issues the RRF has had thus far, the beginning funding mistakes that led to these issues, and what it could mean for those restaurants who had awards rescinded. Listen to Philip and Nyesha give a RRF update: RRF money ran out quickly, getting applications for $65 billion despite just $28.6 billion being earmarked In Tennessee and Texas, 3 restaurants sued the SBA for distributing the funds in a discriminatory way Though some applicants have already received their funds, the SBA has sent over 3,000 letters to rescind its awards, including to women and military-owned restaurants and disadvantaged individuals Owners whose grants were taken away will see “fully canceled” on their application status However, those applications will be kept in place and on the date they're filed so that businesses with rescinded grants won't have to file a new application and will be further up the line if the SBA receives more funds In the 3rd round of rescinded grants, the SBA sent out a letter that sometimes incorrectly said businesses had applied for the SVOG (Shuttered Venue Program) or defaulted on an SBA loan, making them ineligible for the RRF Despite all the issues, the SBA has remained mostly silent, creating further frustration Links: Happy Mouth Podcast Instagram National Restaurant News - SBA remains silent on RRF confusion Restaurant Business - More restaurants have their RRF awards rescinded Restaurant Dive - SBA rescinds more RRF grants Happy Mouth podcast - RRF gets 186k applicants in first 2 days Happy Mouth podcast - Revisiting the Restaurant Revitalization Fund We have a lot more content coming your way! Be sure to check out our other shows: Full Comp The Happy Mouth Morning Show Restaurant Marketing School The Playbook

The long-awaited Restaurant Revitalization Fund was flooded with applications immediately, showing just how many businesses were in need. On this episode of the Happy Mouth podcast, restaurateur Philip Camino and chef Nyesha Arrington take a look at the early days of the RRF and the ending of the PPP. Nyesha and Philip dive into where initial RRF applications came from, how much they've already helped small businesses, and whether they believe the fund will need to be re-upped. They also take a look at the PPP as it begins to wrap up, including how it's running out of funds early for the second time. Listen to Philip and Nyesha discuss the RRF and PPP: 186,000 eligible businesses applied for the RRF in the first 2 days RRF applications came from all 50 states RRF funds are starting to be dispersed Roughly 61,700 applications came from restaurants and bars with revenues of $500,000 or less More than 50% of total applicants came from places owned by women, veterans and the socio-economically disadvantaged, which were priority groups for the RRF 26% of operators are predicting a return to normal operations within the next 6 months, up from 17% The PPP has run out of funds for most lenders The SBA will continue funding outstanding approved PPP applications Links: Happy Mouth Podcast Instagram Restaurant Dive - PPP runs out of funds for most lenders Restaurant Dive - RRF brings 186K applicants in first 2 days We have a lot more content coming your way! Be sure to check out our other shows: Full Comp The Happy Mouth Morning Show Restaurant Marketing School The Playbook

We pre-recorded today's conversation with Carl Knoblock, District Director for Virginia with the Small Business Administration to learn the details for the American Rescue Plan's Restaurant Revitalization Fund & Shuttered Venue Operators Grant. Carl explained each of the two programs including who they're meant to help, how to apply and where. We talked about the process for each program and about the lessons the SBA learned from previous programs about the application process. We discussed funding amounts, what the funds can be used for and the special priority groups the programs target. For details about the Restaurant Revitalization Fund, visit their website: sba.gov/restaurants. For details about the Shuttered Venue Operators Grant, visit their website: sba.gov/svog. You can also reach out to other groups such as SCORE and Lord Fairfax Small Business Development Center for help with the application process.

As companies continue to utilize the Paycheck Protection Program (PPP), some are still applying for funds, some are navigating the forgiveness process and others are now facing a PPP audit. No matter where your company stands in the PPP process, it can be difficult to know what to do and what to expect. In this episode of the Wrap, Adam West, CPA (Warren Averett's in-house PPP expert) and Mark Woods (Senior Vice President and SBA Executive Director at Southpoint Bank) join our hosts to discuss the current state of the PPP program, what the future may hold for PPP and what it all means for companies looking to take advantage of it. After listening to this episode, you'll be able to:Grasp the current landscape of PPP lending and know if there are any remaining available PPP fundsMove forward with tips for pursuing PPP loan forgivenessGain a basic understanding of who is being audited and what is being considered in the PPP auditing processUnderstand how PPP and the Employee Retention Tax Credit relate to each other when it comes to eligible wages and loan forgivenessKnow how Shuttered Venue Grants and the Restaurant Revitalization Fund interplay with PPPGauge the longevity of the PPP program Resources for Continued Learning:Blog Post: Employee Retention Tax Credit (ERTC) [What Companies Should Know]Blog Post: Frequently Asked Questions about Shuttered Venue Grants AnsweredBlog Post: Restaurant Revitalization FundPodcast Episode: How Do I File for PPP Loan Forgiveness?Resource Page: Warren Averett's COVID-19 Resource PageThis episode reflects our views at the time it was recorded. Information within should be used as reference only. We recommend that you talk to your Warren Averett advisor, or another business advisor, for the most current information or for guidance specific to your organization.

On this week's episode of Inside the Vault, Dave Miller sits down with Dr. Kelly Hunt, Western Pennsylvania District Director for the U.S Small Business Association. They will discuss the SBA's involvement during the pandemic and the new resources and programs that the agency introduced. In particular, they will discuss the Restaurant Revitalization Fund, its parameters, eligibility and more! Subscribe Now!    

On this week's episode of Inside the Vault, Dave Miller sits down with Dr. Kelly Hunt, Western Pennsylvania District Director for the U.S Small Business Association. They will discuss the SBA's involvement during the pandemic and the new resources and programs that the agency introduced. In particular, they will discuss the Restaurant Revitalization Fund, its parameters, eligibility and more! Subscribe Now!

On this episode of the Happy Mouth podcast, chef Nyesha Arrington and restauranteur Philip Camino are back to discuss the latest updates on the Restaurant Revitalization Fund. The SBA released more details about when restaurants can apply, when they'll start cutting checks, and what money has already been set aside. Listen to Philip and Nyesha discuss the Restaurant Revitalization Fund: How and when money is going to be allocated What funds have already been set aside What are gross receipts How to apply for the Restaurant Revitalization Fund Ideas of how to spend your allocation What restauranteurs need to think about before applying Links: SBA - RRF details SBA - RRF program guide SBA - RRF application sample SBA - COVID-19 relief options We have a lot more content coming your way! Be sure to check out our other shows: Full Comp The Happy Mouth Morning Show Restaurant Marketing School The Playbook

There's no doubt COVID-19 has had a massive impact on the hospitality industry over the last year, but help is finally on the way. Signed into law by President Joe Biden in March as a part of the American Rescue Plan, the $28.6 billion Restaurant Revitalization Fund offers grants up to $10 million to restaurants, bakeries, distilleries, and many other eligible businesses in need of a helping hand in recovering from the coronavirus. The Restaurant Revitalization Fund is a part of the most recent massive stimulus package On this episode of the Happy Mouth podcast, Philip Camino and Nyesha Arrington break down the specifics of the Restaurant Revitalization Fund. Nyesha and Philip talk about how much money is available, how to calculate your eligibility, and who will receive priority as they provide some insight on what you might want to do with your slice of the pie. Listen to Philip and Nyesha discuss the Restaurant Revitalization Fund: What is the Restaurant Revitalization Fund How much money is in the fund Which restaurants/businesses will get priority Restaurant Revitalization Fund requirements What you should think about before applying for the fund Restaurant Revitalization Fund calculator How long the fund will likely last Links: NRN - Grant minimums Restaurant.org - RRFG FAQ Eater - Restaurants and bars account for 1.4 percent of COVID-19 spread Restaurant.org - COVID-19 impact on business We have a lot more content coming your way! Be sure to check out our other shows: Full Comp The Happy Mouth Morning Show Restaurant Marketing School The Playbook

If you own a restaurant or bar, you need to be aware of the Restaurant Revitalization Fund Grant Program. These grants can reach 7-figures depending on your circumstances. And, you're going to need to be ready to act quickly.

This episode brings lots of great information on the further impact of the American Rescue Plan.  Included is:  Automatic refunds for taxed unemployment payments The Shuttered Venue Operator grants available for movie theaters, theaters, zoos, and many more in the entertainment/sports industry Extension of PPP Tax season extensions Retirement contribution extensions Restaurant Revitalization Fund grants Expansion of Paid Sick Leave Employee Retention Credits (and the filing of 941s)

In Season 2, Episode 1, internationally known Chef and Restaurateur John Folse and Stan Harris, President and CEO of the Louisiana Restaurant Association, joins Chris Kane for a discussion about how the restaurant industry is looking beyond COVID and how the $28.6 billion Restaurant Revitalization Fund will play a role in their recovery efforts.

This special release comes after the signing of the American Rescue Plan Act of 2021 March 11, 2021.  The highlights of this bill that are discussed are: Individual taxpayer stimulus payments; Exclusion of 2020 unemployment compensation from taxable income; Changes in Child and Dependent Care Credits; Changes in the Child Tax Credit; Student Loan Forgiveness is nontaxable; SBA Disaster Loan payments are deferred; Restaurant Revitalization Fund has been created; Paid Sick & Family Leave Credit has been modified and extended; and the Employee Retention Credit has been extended.