Representative Brian Fitzpatrick, whose congressional district includes a part of Montgomery County, is among the lawmakers calling for replenishment of the Small Business Administration’s overly popular grant program for restaurants, writes Diana Ranson for the Inc.
Since the launch of the Restaurant Revitalization Fund on May 3, the $28.6 billion grant program designed to help hard-hit foodservice businesses has received over 266,000 applications requesting a total of over $65 billion in funds.
Nearly half of these application are from women, veterans, and socially and economically disadvantaged business owners. These accounted for $29 billion of the requested funds.
So far, $2.7 billion in relief funds have been distributed to 21,000 restaurants.
At present, it is unclear if there is a willingness to authorize additional funding in Congress.
However, Republican Fitzpatrick and his Democrat colleague Representatives Earl Blumenauer have joined Democratic Senator Kyrsten Sinema and Republican Senator Roger Wicker in calling for the fund to be refilled.
“We need to work swiftly in a bipartisan way to replenish this critical fund so that all local restaurants can access the relief required for a full recovery,” said the four lawmakers in a joint statement.
Read more about Brian Fitzpatrick and the Restaurant Revitalization Fund in the Inc.