New Federal Grant For Restaurants, Caterers To Come Online Monday
Restaurants, caterers and breweries can soon apply for funds from a new $28.6 billion grant as part of President Biden’s coronavirus relief package.
Steven Semaya is a business advisor for the Connecticut Small Business Development Center. He said the U.S. Small Business Administration is giving certain groups priority.
“The SBA is going to prioritize awarding funds to small businesses that are at least 51% owned and controlled by individuals who are women, veterans or who are from socially and economically disadvantaged groups,” Semaya said.
Scott Dolch heads the Connecticut Restaurant Association. He said he’s working with state economic development officials to make sure that local restaurants take full advantage of the grants.
“This team here in Connecticut just shows that they are here to help you and my goal, like I said in the beginning, is to get as much of these dollars back to our state,” Dolch said.
To apply, businesses must have up-to-date tax and expense information and need to register on the online SBA portal.
The application will be available at noon on Monday, May 3. Grants would be awarded on a first-come, first-serve basis.