Mayor London Breed announced Monday that the city and other partners will help San Francisco restaurants and other eligible businesses apply for a new round of federal grants.
The Restaurant Revitalization Fund, managed by the Small Business Association, opened applications through its website on Monday. The $ 28.6 billion program provides grants for restaurants, food trucks, caterers, bars, lounges, bakeries, breweries, wineries, distilleries, and other qualified food service businesses, with funding equal to the pandemic-induced loss of revenue in 2020.
“We’re doing everything we can to help small businesses in San Francisco – from local aid to corporate access to state and federal dollars,” said Breed. “We know there is still a great need out there, and we are grateful for the guidance of the Biden administration and spokesman Pelosi in securing this additional federal funding. San Francisco is fortunate to have an amazing, diverse food scene and we need our local restaurants to make it through this challenging period. “
The city works with the Mission Economic Development Agency and other community-level organizations to support eligible businesses who need help applying and to reach businesses in SBA’s priority groups, which include businesses in women, minority and minority groups Belong to veteran possessions.
In addition, community-based organizations in San Francisco provide multilingual support and outreach through the Communities of Color program.
“The Restaurant Revitalization Fund is a lifeline for our ailing companies, which have been severely affected by the loss of revenue since the start of this pandemic more than a year ago,” said Anne Taupier, acting director of the Office for Economic and Personnel Development. “As San Francisco and the nation begin to reopen and recover, we want to make sure that our businesses are; In particular, our minority and women-owned companies have a head start in applying for these funds. “
Entrepreneurs who need help applying for funding can contact the Mission Economic Development Agency, the Federal Credit Union of the Northeast Community (Chinese), the Renaissance Entrepreneurship Center Bayview, and the SF Small Business Development Center (Spanish, Chinese, Vietnamese) .
Funding amounts can be up to $ 10 million per company and a maximum of $ 5 million per physical location. Recipients are not required to repay the funding as long as the money is used for eligible purposes by March 11, 2023.
“We are grateful to the Small Business Administration for launching the $ 28.6 billion Restaurant Revitalization Grant Fund,” said Laurie Thomas, executive director of the Golden Gate Restaurant Association. “So many of our independent restaurants in San Francisco are still in dire need of cash to fund their operations and bring their employees back.”
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