Restaurant Revitalization Fund

The NYC Hospitality Alliance successfully advocated with Senator Schumer and the New York Congressional delegation to help include the Restaurant Revitalization Fund (RRF) in the American Rescue Plan, which provides $28.6 billion in debt-free relief for small and mid-sized restaurants and bars. The RRF provides up to $5 million in grants — not loans — for individual restaurants, caterers, breweries and tasting rooms or, alternatively, up to $10 million for qualified restaurant groups, to help cover pandemic-related revenue losses. This is the most monumental relief enacted to save countless eating and drinking establishments and jobs in New York City and around the country affected by Covid-19.