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IMPORTANT INFORMATION FOR ALL GADSDEN COUNTY RESTAURANTS

IMPORTANT INFORMATION FOR ALL GADSDEN COUNTY RESTAURANTS

 

Restaurant Revitalization Grant Program
The Gadsden County Board of County Commissioners is pleased to provide this critical information regarding financial relief available for restaurants that have been affected by COVID-19.  Funding will be distributed quickly, therefore applicants should take immediate action.

As part of the American Rescue Plan Act of 2021 (the Act), signed into law by the President on March 11, 2021, Congress created a program called “Restaurant Revitalization Grants.” The purpose of these grants is to provide economic support for certain restaurants affected by the COVID-19 pandemic.  This program is offered by the Small Business Administration (SBA).

Under the program, $28.6 billion is available to provide grants to restaurants to replace any “pandemic-related revenue loss.” Of this $28.6 billion, $5 billion is set aside for entities who had gross receipts of $500,000 or less during the 2019 calendar year. The remaining $23.6 billion is to be awarded to larger restaurants. The grant amount is based on the decline in revenue experienced in 2020 compared to 2019, Grants under the program will be limited to a cap of $5 million per physical location.  The applicant must make a certification that “the uncertainty of current economic conditions makes necessary the grant request to support the ongoing operations” of the business. Grant funds can be spent on the same types of allowable expenses as set forth in the PPP legislation, which includes the expansion of allowable expenses under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act.  The grant amount provided will be reduced by any PPP funds the entity has received or will receive.


Registration & Application

Registration for the Restaurant Revitalization Fund (RRF) will begin Friday, April 30 at 9 a.m. EDT and SBA will begin accepting applications via the application portal on Monday, May 3 at 12 p.m. EDT. The application portal will remain open to any eligible establishment until all funds are exhausted.

How to Prepare

In preparation, qualifying applicants should familiarize themselves with the application process in advance to ensure a smooth and efficient application. Follow the steps below. 

For more information, visit sba.gov/restaurants.  Local support can also be provided by Gadsden County’s Grants Contractor, The Integrity Group.  The coordinator for this program is Ms. Melinda McAlpin.  She can be reached at 850.739.3600 or melinda.mcalphin@theintegritygroup.net

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