Miami Beach area restaurants were helped by a federal program as part of the American Rescue Plan Act.
The Restaurant Revitalization Fund doled out more than $28.6 billion in grants to eateries that sustained financial losses during the pandemic, including several Miami Beach area restaurants.
The fund was established as part of the American Rescue Plan Act of March 2021. More than 101,000 restaurants received grants as of June 30, according to the Small Business Administration. The average grant size was $283,000.
Restaurants were eligible for up to $10 million in grants, with no more than $5 million per location. Funds don’t have to be repaid if they are used for eligible expenses, such as payroll or rent, through March 11, 2023.
The following Miami Beach area restaurants were among those that received a Restaurant Revitalization Fund grant. Check here for a full, searchable database.
Business: GIULES & CO LLC
Miami Beach, FL, 33139
Grant amount: $1,402,347
Business: LOMA GOURMET LLC
Miami Beach, FL, 33140
Grant amount: $498,592
Business: POON & LEE INC
Miami Beach, FL, 33140
Grant amount: $244,186
Miami Beach Area Restaurants Received Revitalization Grants Continue reading www.patch.com