The Restaurant Relief Fund, which was passed and signed into law by President Joe Biden as part of the American Rescue Plan last week, is a big win for the hospitality industry. The main purpose of the fund is to provide grant money to restaurants, but there are also other pieces of the American Rescue Plan as a whole that can help hospitality industry workers.
In this week’s episode of Tripleseat’s podcast Two Chicks, Three Seats, Kate and I break down the various parts of the Restaurant Relief Fund. If you listened last week to Episode 40, you heard our awesome conversation with Andrew Rigie of the New York City Hospitality Alliance where we discussed the Restaurant Relief Fund, but now we are breaking it down even more.
This fund is part of the $1.9 trillion American Rescue Plan that includes $28.6 billion worth of grants for restaurants to spend on various needs. The fund includes a lot of details about the specific ways the grant money can be spent, when it can be spent, who gets what exactly, and so on. Take a listen to learn more about the details as well as other actions that need to be taken to help rebuild the hospitality industry moving forward.
Check out Episode 41: Breaking Down the Restaurant Relief Fund on Spotify, Apple, or anywhere you listen to podcasts!
Or watch the video recording of our podcast discussion on YouTube:
Did you miss last week’s episode?
We sat down virtually with Andrew Rigie, Executive Director of the New York City Hospitality Alliance, to discuss all things the hospitality industry in NYC. Rigie provides great insight on how he has advocated for the industry, what needs to be done to get NYC back to normal, and more. Check it out here!