It is estimated that nearly 80% of restaurants could close permanently if they don’t get help. FWPro
, like Ruth’s Chris and Shake Shack, while the majority of small restaurants in this country are seeing rent bills pile up with no relief in sight. According to a survey conducted by the IRC and the James Beard Foundation, the food services industry only received 9% of PPP loan dollars, even though it accounted for 60% of job losses in March.in the Bronx, New York, said that she has gotten denied twice for the PPP.
The particulars of how the fund will be distributed is still up for discussion. One thing the IRC knows for sure, in the words of Naomi Pomeroy, chef/owner ofin Portland, OR, is that loans are not the answer. "We’re looking for grants and direct aid to the people who need it most," she said. The $120 billion asking amount is intended to help address the shortcomings of the PPP. During the press briefing,called the PPP “an eight-week band-aid that doesn’t match the 12 to 18 month job it’ll take our restaurants to keep over 11 million people employed in our industry ... We are in urgent need of the stabilization fund.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
All of the TikTok Chefs and Food Stars You Should Be Following Right NowWe're here to help you narrow down the list amidst the seemingly endless videos of gorgeous cheese and charcuterie boards, perfectly blended tropical smoothies, and hyperrealistic geode cakes.
Read more »
The 52 Canned Goods Chefs Keep in Their PantriesThe 52 canned goods (from cockles to corn) chefs keep in their pantries via strategist
Read more »
Washington mental hospital staff call virus testing unsafeSEATTLE (AP) — Workers who had been exposed to the coronavirus at Washington state’s largest psychiatric hospital were herded into a small building to be tested. Inside, few wore masks. They were...
Read more »
Warren, Ocasio-Cortez call for temporary halt to big mergersNBC News exclusive: The Pandemic Anti-Monopoly Act by the two progressive lawmakers aims to influence the U.S. coronavirus response and raises the stakes for the election.
Read more »
6 Shows Like ‘Never Have I Ever’ That’ll Remind You to Call Your Best Friend6 shows to watch when you finish bingeing netflix's neverhaveiever.
Read more »