Independent Restaurant Coalition Runs Ad to Support Congressional RESTAURANT Act

August 3, 2020 by Gracie Kreth
Independent Restaurant Coalition Runs Ad to Support Congressional RESTAURANT Act
Ground Zero is a blues club in Clarksdale, Mississippi that is co-owned by Morgan Freeman, attorney Bill Luckett, and Memphis entertainment executive Howard Stovall. (Photo by Deisenbe via wikipedia commons)

WASHINGTON – As Congress and the White House continue to negotiate another package of coronavirus relief, the Independent Restaurant Coalition is stepping up its effort to make sure they are included in the emergency funding this time around. 

This week, the Coalition is running a television and online advertisement, featuring actor Morgan Freeman. 

“Neighborhood restaurants we love are closing everyday, knocking a rung off the ladder of someone’s American dream,” said Andrew Zimmern, a founding member of the Independent Restaurant Coalition, host and executive producer of MSNBC’s “What’s Eating America”.

“Nearly 40% of independent restaurants are owned by immigrants,” he said. “They are America’s favorite first job, the top employer of non-white managers, and employ over one million single moms. They are passion projects and community lifelines. They are our family, and we hope this ad reminds Congress of the stakes facing their communities during the pandemic. 

“Independent restaurants simply cannot generate enough revenue to stay open and continue employing 16 million people around the country without relief from Congress,” Zimmern added.

Earlier this summer, Sen. Roger Wicker, R-Miss., and Kyrsten Sinema, D-Ariz., with Reps. Earl Blumenauer, D-Ore., and Brian Fitzpatrick, R-Pa., introduced the Real Economic Support That Acknowledges Unique Restaurant Assistance Needed to Survive, or RESTAURANTS Act.

The bipartisan bill would establish a $120 billion grant program run by the Department of the Treasury to support operational costs of restaurants, bars, food trucks, catering business, and other food and drink establishments suffering due to the economic toll of the COVID-19 pandemic.

The funding would go to help the 500,000 restaurants that aren’t publicly traded and have less than $1.5 million in revenue and would be used to pay rent, mortgage, payroll, personal protective equipment, and other similar costs — determined by comparing the businesses’ 2019 to 2020 revenue. This money will not need to be repaid.

According to the National Restaurant Association, restaurants employ about 11 million people and about 5 million people make up the food supply and delivery chain. The industry accounts for four percent of the country’s gross domestic product. Restaurant consulting agency Aaron Allen & Associates estimated one-third of restaurants will face closure in the United States, and of the Americans who lost their job in the pandemic, one in four were in the restaurant industry. 

With support in both the House and Senate, 165 lawmakers have already signed on to the bipartisan bill, and more are expected to join this week.

“The coronavirus pandemic continues to threaten millions of jobs supported by America’s small and independent restaurants,” Wicker said when he introduced the bill. “These small businesses are hurting because of the costs of restocking perishable foods, retooling their operations, and they still cannot operate at full capacity even as the country reopens. The RESTAURANTS Act would save many of these businesses, benefiting their workers and the farmers, fishermen, distributors, and truckers that rely on them.” 

A+
a-

In The News

Health

Voting

Business

Volkswagen Revamps Its Approach in China in Bid to Overtake Upstart EV Makers

BEIJING (AP) — As auto giant Volkswagen AG races to catch up with upstart Chinese competitors, it has drivers like 26-year-old Ren... Read More

BEIJING (AP) — As auto giant Volkswagen AG races to catch up with upstart Chinese competitors, it has drivers like 26-year-old Ren Yiling in mind. She is young and wants to play video games in her car. The digital features of her Zeekr 001, a European-designed electric car... Read More

April 22, 2024
by Dan McCue
Moderna Suspends Construction on Kenyan Manufacturing Facility

CAMBRIDGE, Mass. — Moderna said it has paused efforts to build an mRNA manufacturing facility in Kenya due to uncertainty... Read More

CAMBRIDGE, Mass. — Moderna said it has paused efforts to build an mRNA manufacturing facility in Kenya due to uncertainty over the future demand for COVID-19 vaccines in Africa. According to a statement posted on the drugmaker’s website last week, demand for the vaccines has declined... Read More

April 22, 2024
by Dan McCue
GSA Urged to Prioritize Equity in Procurement as Feds Move to Electrify Fleet

WASHINGTON — Two key Black associations in the energy and construction fields are urging the General Services Administration to ensure... Read More

WASHINGTON — Two key Black associations in the energy and construction fields are urging the General Services Administration to ensure equity in its procurement processes as the government moves to electrify its vehicle fleet. In a letter to GSA Administrator Robin Carnahan, the leaders of the... Read More

April 17, 2024
by Tom Ramstack
Boeing Accused of Lax Safety to Increase Aircraft Sales Profits

WASHINGTON — Aircraft manufacturer Boeing Co., was accused of skimping on safety to maximize profits during two Senate hearings Wednesday.... Read More

WASHINGTON — Aircraft manufacturer Boeing Co., was accused of skimping on safety to maximize profits during two Senate hearings Wednesday. The Senate committees are investigating recent dangerous mid-flight equipment failures blamed on faulty design and assembly of airliners. One of them was the Jan. 5, 2024,... Read More

April 12, 2024
by Dan McCue
Shopping Mall Finds It’s Not Always Easy to Go Green

NORTH CHARLESTON, S.C. — With a nod toward Kermit the Frog, it’s not always easy going green, no matter how... Read More

NORTH CHARLESTON, S.C. — With a nod toward Kermit the Frog, it’s not always easy going green, no matter how good one's intentions. At least that appears to be the experience of shopping center giant Tanger, which wants to install solar panels on six of the... Read More

April 8, 2024
by Dan McCue
Biden Administration Invests $6.6B to Bolster US Chip Manufacturing

WASHINGTON — The Biden administration is awarding up to $6.6 billion in grants to the Taiwan Semiconductor Manufacturing Company, the... Read More

WASHINGTON — The Biden administration is awarding up to $6.6 billion in grants to the Taiwan Semiconductor Manufacturing Company, the largest maker of the most advanced microchips in the world, to help support construction of the company’s first major hub in the United States. The announcement... Read More

News From The Well
scroll top