IRC executive director Erika Polmar claims that “The $28.6 billion grant program is about to sign by President Biden. This will make the difference between shuttered storefronts and open doors,”.
What’s This Bill For?
The newest corona-virus stimulus package, known as the American Rescue Plan. This includes funding for the vaccine set-up, stimulus checks and additional assistance like federal unemployment benefits and rent relief.
It includes $28.6 Billion in grants for restaurant industry, which have hit by pandemic. It is the very first grant relief program which is especially design for restaurants and Bars. This package will be known as “Restaurant Act”.
The bill aims at providing up-to $5 Million to individual and nearly $10 Million to group restaurants. Small Business Administration will be handling Grant Allocations.
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