On March 11, 2021, President Biden signed the American Rescue
Plan Act of 2021, which provides an additional $1.9 trillion in new
COVID relief funds, including, among other things, funding of a
$28.6 billion Restaurant Revitalization Fund (the
“RRF”). The RRF will provide grants (“RRF
Grants”) to eligible restaurants to help offset revenue
losses. Additional detail and further guidance are expected to be
provided by the SBA. Please see below for a brief summary of the
main provisions relating to the RRF.
WHO IS ELIGIBLE FOR RRF GRANTS?
Subject to the disqualifications set forth below, a business is
eligible for an RRF Grant if it is a restaurant, food stand, food
truck, food cart, caterer, saloon, inn, tavern, bar, lounge,
brewpub, tasting room, taproom, licensed facility or premise of a
beverage alcohol producer where the public may taste, sample, or
purchase products, or other similar place of business in which the
public or patrons assemble for the primary
