Representative Adriano Espaillat Hosts Virtual Session on the American Rescue Plan, Discusses Relief for District Restaurants

NEW YORK, NY – Representative Adriano Espaillat (NY-13) will hold a virtual session on the Restaurant Revitalization Fund in collaboration with the Small Business Administration of New York (SBA-NY) on Tuesday, May 11 at 12:00 p.m. EST.

During the event, Rep. Espaillat and SBA administrators will provide a detailed overview of the Restaurant Revitalization Fund, a $28.6 billion fund provided through the American Rescue Plan specifically aimed at providing critical support for restaurants throughout New York's 13th congressional district and in communities around the nation.

WHO:
* Rep. Adriano Espaillat (NY-13)
* Beth Goldberg, District Director, SBA New York
* Peter Fehnel, SBA NYDO Supervisory Economic Development Specialist
* Sylvia Rivera, Economic Development Specialist, Restaurant Revitalization Fund Presentation

WHAT: Restaurant Revitalization Forum with Local Business Owners

WHEN: Tuesday, May 11, 2021 at 12:00 p.m. EST

WHERE: Livestreamed at fb.com/RepEspaillat

The Restaurant Revitalization Fund will provide restaurants and other eligible businesses with funding equal to their pandemic-related revenue loss up to $10 million per business. The relief does not have to be repaid, provided that the funds are put toward eligible uses by March 11, 2023.

• Find a funding guide HERE and a sample application HERE.
• Visit SBA.gov/restaurants for more information.

The Restaurant Revitalization Fund application portal can be accessed at https://restaurants.sba.gov/requests/borrower/login/. Participating POS providers include Square, Toast, Clover, NCR Corporation (Aloha). Entities that work with Square or Toast, you do not need to register beforehand on the portal.

Entities eligible to apply:

• Restaurants
• Food stands, food trucks, food carts
• Caterers
• Bars, saloons, lounges, taverns
• Snack and nonalcoholic beverage bars
• Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
• Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
• Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
• Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
• Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
• Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products

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Representative Espaillat is the first Dominican American to serve in the U.S. House of Representatives and his congressional district includes Harlem, East Harlem, West Harlem, Hamilton Heights, Washington Heights, Inwood, Marble Hill and the north-west Bronx. First elected to Congress in 2016, Representative Espaillat is serving his third term in Congress. Representative Espaillat currently serves as a member of the influential U.S. House Committee on Appropriations responsible for funding the federal government’s vital activities. He is also a member of the Congressional Hispanic Caucus (CHC), where he serves as the Second Vice Chair and is a member of the Congressional Progressive Caucus, where he serves as Deputy Whip. Representative Espaillat also currently serves as a Senior Whip of the Democratic Caucus. To find out more about Rep. Espaillat, visit online at https://espaillat.house.gov/.

Media inquiries: Candace Person at Candace.Person@mail.house.gov