Congress provided $28 billion to save restaurants. It's running out

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Congress provided $28.6 billion for the Restaurant Revitalization Fund. Two weeks after the funds became available, more than $65 billion worth of requests have come in.

Move allows bars that don’t serve food to reopen indoors for the first time since June 2020.

Congress provided billions in similar relief to business owners early in the pandemic through forgivable Paycheck Protection Program loans, but many restaurant owners said the restrictions on how the money could be spent, especially the emphasis on payroll over other business expenses like rent and paying supplies, meant that while they could pay employees, they didn’t have the resources needed to keep their businesses open.

“Everything that needs to change in the business needs money,” Truong said in an interview. “We don’t have a lot of cash sitting around.”

 

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