NEWPORT BEACH-CORONA DEL MAR, CA — The Restaurant Revitalization Fund doled out greater than $28.6 billion in grants to eateries that sustained monetary losses in the course of the pandemic, together with a number of Newport Seaside-Corona Del Mar space eating places.
The fund was established as a part of the American Rescue Plan Act of March 2021. Greater than 101,000 eating places obtained grants as of June 30, based on the Small Enterprise Administration. The common grant dimension was $283,000.
Eating places have been eligible for as much as $10 million in grants, with not more than $5 million per location. Funds don’t must be repaid if they’re used for eligible bills, comparable to payroll or hire, via March 11, 2023.
The next Newport Seaside-Corona Del Mar space eating places have been amongst those who obtained a Restaurant Revitalization Fund grant. Test right here for a full, searchable database.
Content material retrieved from: https://patch.com/california/newportbeach/newport-beach-corona-del-mar-area-restaurants-received-revitalization-grants.
