Restaurant Revitalization Fund is here – but it won’t help Capitol Hill restaurants that have closed
A rescue plan, indeed. Hopefully two of the best things about life on Capitol Hill will be boosted by federal COVID-19 relief dollars. CHS reported here how the Subsidy to operators of closed sites program could help with the recovery of clubs and stages on Capitol Hill.
Now after starting the process to help save places like Neumos, the American Rescue Plan Act is back to help save the day for the hundreds of restaurants in the Central District and Capitol Hill that have seen the food and drink economy flipped upside down, upside down and upside down over the course of of the pandemic.
The application process opened last week for the Restaurant Revitalization Fund, Washington DC’s $ 28.6 billion stabilization effort.
In addition to providing a much-needed financial boost to neighborhood restaurants, the milestone could also reveal more about Capitol Hill locations that are temporarily on hiatus and have truly closed for good.
the Paycheque Protection Program was designed only to keep workers on the payroll as the COVID-19 crisis has locked down much of the country. Like the Grant for Closed Site Operators, the RRF is designed to now provide emergency aid to a significant and at-risk part of the national economy as it recovers from losses suffered during the pandemic. .
PPP beneficiaries are also eligible for the new funding, but a loan under this program will be charged against the money an applicant may receive from the revitalization fund.
Applicants can request up to $ 10 million in aid, but the grant cannot exceed their “pandemic-related” loss of income minus anything they received under the P3. For the simplest calculation of the loss, compare the gross receipts in 2020 to the totals for 2019.
During the first 21 days, the Small business administration says it will prioritize processing applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged people. After that, eligible applications will be funded on a first come, first served basis and the online application will remain open to any eligible institution until all funds are exhausted. Economic Development Office said.
Of the billions at stake in the rush to deploy funds, the program is weighted to save money for the little guys with $ 5 billion spread out for companies making no more than $ 500,000 a year, $ 4 billion for $ 501,000. to $ 1.5 million per year and $ 500 million. to establishments earning less than $ 50,000.
Restaurants, food stalls, bars and taverns, bakeries and breweries, wineries and distilleries are included in the eligibility criteria, although places like Neumos that apply for a grant from operators of shuttered sites. are not.
A key category is also not eligible: restaurants that have closed permanently. Grants can be used for payroll and health care, rent and mortgages, utilities, construction costs, supplier costs, operational expenses, paid sick leave, etc., but not to cover the costs of a closed restaurant or to revive a closed bar.
OED has posted more information about the program and how to get help applying here.
Capitol Hill and Central District COVID-19 Crisis Fences: CHS has attempted to confirm all reported conditions. Please let us know if any information needs updating [email protected] – LAST UPDATED: 3/23/21
Food and drink
- Little Neon Taco, reported on 03/01/2021
- By Tae, reported on 03/01/2021
- R Place, reported on 02/02/2021
- The wandering goose, reported on 12/29/2020
- Barca, announced on 11/11/2020
- Suika, rental problems, announced on 09/27/2020
- Juicebox Cafe, announced on 09/28/20
- Heritage Distilling Capitol Hill, announced on 25/09/20
- Amandine, closing 30/09/20 announced 25/09/20
- Bar Sue, announced on 25/09/20
- Marination station, announced on 09/14/20
- Ha Na, announced on 08/27/20
- Cafe Intrigue, announced on 08/21/20
- Nates Wings & Waffles, Happy Grillmore and the Central District Ice Cream Company, announced on 06/08/20
Americana, Broadway, announced on 07/23/20
- The Lounge by AT&T and Ada’s Discovery Cafe, E Thomas, announced 7/7/20
- Bill’s Off Broadway, E Pine, announced on 06/24/20
- Stumptown, 12th avenue, ad 05/26/20
- Adana, 15th and Pine, announced on 05/21/20
- Tougo, 18 and Union, announced in early April, Yesler’s site remains open
- My Thai, 10th Ave E, closed but we don’t know when it closed
Retail and more
- Rocket fizz, reported on 03/23/2021
- Mist and shine, BurnCycle, and Blue Sky cleaners, reported on 03/01/2021
- Everyday music, 10th Ave, June 2021
- QFC, 15th avenue E, 04/24/21
- Sameday test, 15th Ave E, February
- GameStop, Broadway, 2020
- Velocity Dance Center, 12th Ave, will continue as an organization but leaving the Capitol Hill space, announced 12/4/20.
- Stock and pantry, E Pine, announced on 10/14/20
- Take 2, 15th Ave E, announced on 09/30/20
- No Parking, E Pike, announced on 05/09/20
- Ritual house, 19th Ave E, reported on 07/15/20
- Totokaelo, 10th Ave, reported on 07/13/20
- Fitness mode, E Pin
- Urban Outfitters, Broadway, the youth fashion chain’s release began last summer as Broadway Market began looking for a new tenant
- The Frock, E Pike, consignment store announced a permanent closure in April
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