New Bill Proposes $120 Billion in Grants to Support Independent Restaurants

  • By cvbizz
  • May 20, 2020
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A newly proposed bill could go a long way in supporting small and medium-sized restaurants that have struggled to access and make use of Paycheck Protection Program (PPP) loans.

On Wednesday, May 20, Rep. Earl Blumenauer of Oregon announced plans to introduce the Real Economic Support That Acknowledges Unique Restaurant Assistance Needed to Survive (RESTAURANTS) Act of 2020 — a mouthful, but worth it for the acronym. “Local, independent restaurants are the beating heart of our communities. They need relief

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