SAN FRANCISCO, May 3rd (Xinhua). San Francisco’s US Mayor, London Breed, announced Monday that the city is working with several local organizations to help restaurants and other eligible businesses apply for the Federal Restaurant Revitalization Fund.
The Restaurant Revitalization Fund is funded by the American Rescue Plan Act, which House Speaker Nancy Pelosi has advocated in Congress. He will provide grants to help restaurants, bars, and other restaurants stay open.
This $ 28.6 billion program, administered by the Small Business Administration (SBA), will provide funding to eligible companies equal to their pandemic-related loss of revenue in 2020.
Eligible companies for the fund include restaurants, food trucks, caterers, bars, lounges, bakeries, breweries, wineries, distilleries and other qualified food service companies.
“San Francisco is fortunate to have an amazing, diverse food scene, and we need our local restaurants to get through this challenging time. Any financial support companies can get helps them stay open and recover,” said Breed.