Restaurant News Roundup, 04/21/2020
Ruth’s Chris Steakhouse, Shake Shack are among the national restaurant chains criticized for getting millions of dollars in grants from the multi-billion dollar federal Paycheck Protection Program, crowding out smaller restaurants from the now exhausted fund. Read more here: https://www.washingtonpost.com/business/2020/04/20/white-house-gop-face-heat-after-hotel-restaurant-chains-helped-run-small-business-program-dry/
An estimated 8 million restaurant workers have been furloughed or laid off because of the coronavirus lockdown, according to a study by the National Restaurant Association. Read more here: https://www.businessinsider.com/8-million-restaurant-workers-out-of-work-industry-seeks-support-2020-4
The National Restaurant Association presses Congress for a $240 billion relief program specifically targeted for restaurant operators and employees. The Association wants the money given outright to restaurants. Read more here: https://www.restaurantbusinessonline.com/financing/restaurants-press-congress-240b-industry-specific-aid
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