$28.6 Billion Available as Part of Restaurants Act
Info in: Spanish | Arabic | Korean
The $28.6 billion Restaurant Revitalization Fund, authorized by the March stimulus bill, is now taking applications for grants for restaurants, bars, and other similar places of business that serve food or drink. The purpose of this funding is to provide support to eligible entities that suffered revenue losses related to the COVID-19 pandemic.
This program provides restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. Additionally, $5 billion of that total will be set aside expressly for businesses with 2019 gross receipts of less than $500,000.
Eligible entities include:
Food stands, food trucks, food carts
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
SBA will prioritize providing grants to small businesses owned and operated by women, veterans, and/or socially or economically disadvantaged individuals for the first 21 days. Funds will be available until expended, so it's important to gather your paperwork now and be ready once the grant portal opens.
For more information visit the SBA RRF website | Program Guide | Sample version of application.
Info in: Spanish | Arabic | Korean
Are you a small business owner that needs help with marketing, branding, and social media? We have a FREE solution! Fairfax County Government, Fairfax County Library and the Vienna Business Association are teaming up to present IGNITE SMALL BUSINESS BOOTCAMP SERIES - a five-week program that will dive deep into marketing, branding, and social media and is tailored exclusively toward entrepreneurs and small business owners in Fairfax County. This series, led by industry experts, will include four virtual sessions and one in-person session. Sessions include: Branding vs. Advertising; Digital Marketing Strategy and Social Media; Websites and Visuals; and Websites, Content and Evaluating the Impact. Attendees are expected to attend all sessions.
Learn more and register for FREE workshop series at https://www.exploreviennava.com/ignite2022 Space is limited to 16 spaces are left (as of 5/4) so act fast!
In celebration of the SBA’s small business week, we cheer the small businesses that make up more than 90% of the businesses and one third of all employees in Fairfax County. If you are starting or running a small business, FFX Co is focused on how to help you be successful! Here are a just few examples of current small business opportunities:
- Looking to start a business? Attend Entrepreneurship 101 on May 3rd
- Want specialized advice? Check out BIZ EX Starting a Business Guide for step-by-step information.
- Are you a maker? You should join Made In Fairfax to be linked to like-minded makers in FFX
- Want a place to sell your goods and services? Check out PARC Tysons Shop Local Saturday Markets
- Need space? Watch this You Tube Seminar on Choosing Space
These are just a small sample of the many ways Fairfax County supports its small business community. Learn more at FairfaxCounty.gov