Heads up! Restaurant Revitalization Fund is opening for applications soon

Heads up! Restaurant Revitalization Fund is opening for applications soon https://wahospitality.org/wp-content/uploads/2016/10/WashingtonHospitalityWeekly_WebsiteImage2016.jpg

Restaurant Revitalization Fund open soon to eligible applicants

Demand will be high, so get your application ready now to apply on day one using the resources, including live webinars, on our Restaurant Revitalization Fund toolkit here. Restaurants, bars and similar businesses that incurred pandemic-related losses can get grants to cover a wide range of operating and other expenses. The grants do not need to be repaid if funds are used by March 11, 2023. Lodging with 33% of revenue from food and beverage in 2019 is also eligible. The application process could open before the end of the month so stay tuned for the announcement of the launch date.

Other federal pandemic relief news

Shuttered Venue Operator Grant (SVOG)’s application portal crashed shortly after opening, and the SBA announced late Thursday it would reopen and begin accepting applications on Sat., April 24 at 9:30 a.m. PST.  Learn more here.

Payroll Protection Program (PPP) is open until May 31 or until funds run out. Funds may run out in early May or sooner. Plan to apply this month. Learn more here.

[WIN!] Governor signs property tax relief

Gov. Jay Inslee signed House Bill 1332, which provides property tax relief to businesses ahead of April 30–when your application is due. Tenants will receive the benefit if the property owner is eligible and applies. The bill requires counties to offer payment plans to businesses for 2020 tax obligations. Counties will be prohibited from charging penalties or interest and the 12-month payment plans will begin April 2021. Click here to read more and to download an application.

The 2021 Legislative Session: Sine die

Sine die, the last day of Washington’s legislative session is scheduled for Sunday and in a rare occurrence, the legislature looks poised to adjourn on time (maybe). If you want to learn how this session impacted your business or have questions about new laws, tune into the CEO Podcast at 10 a.m., May 5 when State Government Affairs Manager Katie Doyle joins our President and CEO Anthony Anton to go in-depth on these issues.

Looking toward the future of restaurants and entertainment

At 1 p.m., May 11, we will present, “National State of the Industry,” featuring National Restaurant President & CEO Tom Bené. Information will focus on relief for the industry and key legislative wins for our state. Register here.

How 100% dining deduction helps us all, and what’s in new IRS guidance

The IRS issued guidance on April 8 allowing a 100% business deduction for food and beverages purchased from restaurants. The deduction will apply to expenses that are paid or incurred after Dec. 31, 2020, and before Jan. 1, 2023, and includes alcoholic beverages and meals that are not consumed on the premises. Click here for more.

Attention Bellevue and Renton: Free masks

King County is distributing complimentary PPE masks and sanitizing wipes to county restaurant workers. Restaurant representatives are invited to attend drive-thru mask distribution pop-up events in Bellevue and Renton. Click here for more information.

Spokane Chapter meeting: State of the City

Mayor Nadine Woodward will kick off the next Spokane Chapter meeting with a State of the City, at 3 p.m. May 20.

Additionally, during this tough year, your government affairs team was able to achieve some WINS for the industry. Join us as we recount these important gains.

Save this link for the next few meetings until we can meet in person!

[Webinar] The Hospitality Profit: Economic stimulus packages

Hospitality financial consultant Rick Braa of AMP Services will discuss the many economic stimulus packages available to business owners right now. Join us at 10 a.m. April 28. Brought to you by IBA. Register here.

In case you missed it

Industry roundup

 

Categories: News Room