Retail

Restaurant Revitalization Fund opens, $28 billion in grants up for grabs

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Chairs and tables are seen outside a closed restaurant in Washington D.C., the United States, on April 24, 2020.

Liu Jie | Xinhua via Getty Images

After a year of unthinkable challenges for the restaurant industry, targeted aid is on its way.

The Small Business Administration’s Restaurant Revitalization Fund opened its portal Monday, allowing hard-hit restaurants, bars, food trucks and more to apply for $28.6 billion in grants, and it’s already seeing robust demand.

The White House released a fact sheet Wednesday that said in its first two days 186,200 restaurants, bars, and other eligible businesses across the country applied for relief.

For the first three weeks, small businesses owned by…



Source cnbc.com

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