Richmond-area eateries get $73M from Restaurant Revitalization Fund

Richmond-area eateries get $73M from Restaurant Revitalization Fund




RVA Hospitality edifice assemble plans to ingest whatever of its Restaurant Revitalization Fund money to appurtenances the exterior dining expanse at Bar Solita. (BizSense enter photos)



Hundreds of topical food- and beverage-related businesses got an player serving of $73 meg in federal input money from the fresh winking discover Restaurant Revitalization Fund, according to numbers free this month from the Small Business Administration.


Nearly 300 topical businesses participated in the RRF program, which was digit of the more past COVID-era input programs enacted by the dweller Rescue Plan. Unlike the early wide-ranging Paycheck Protection Program, the RRF was unstoppered exclusive to edifice operators, caterers, breweries, wineries, distilleries, bars, ingest shops, icy matter shops and others that help matter or drink.


Local businesses that conventional RRF resource separate the gamut from edifice groups with binary locations to franchisees of domestic brands much as Subway.


The turn of resource conventional ranges from as much $5 meg to as baritone as $1,200.


Nationally, more than 100,000 applicants were awarded more than $28 1000000000 finished the program. The information conventional more than 278,000 suitable applications that wanted more than $72.2 billion.


BizSense whittled downbound the broad itemize to beneficiaries in Richmond, Henrico, Chesterfield, Goochland, Powhatan, royalty and New county supported on the ZIP codes that applicants submitted as conception of their applications.


The fivesome individualist entities that conventional the most assets were:



  • • Housepitality Family LLC (The Boathouse, Casa del Barco, Island Shrimp Co.): $5.4 million

  • • Cafe International Inc. (Mosaic Catering + Events): $3.1 million

  • • Feast Catering & Events LLC (Groovin’ Gourmets): $2.5 million

  • • Urban Innovations LLC (The Circuit Bar and Arcade, Slingshot Social Game Club): $1.4 million

  • • HGreeley LLC (Hutch Bar & Eatery): $1.2 million


Some operators with more than digit edifice conventional the resource for their binary concepts low digit jural entity. Others, much as RVA Hospitality, which operates Tarrant’s Cafe and another concepts, conventional a amount of $3.3 meg separate crossways quaternary LLCs.


RVA Hospitality COO Liz Kincaid said the consort plans to allot its RRF resource toward employee raises and a free-to-employees telehealth service. Funds module also be utilised to clear workers who counterbalance the shifts of managers who listen activity training. The edifice assemble fresh kicked soured those initiatives to attract employees amid fag shortages.



Housepitality Family edifice group, which operates Island Shrimp Co., The Boathouse and Casa del Barco, conventional $5.4 meg in federal assets finished the Restaurant Revitalization Fund.



“We hit a exteroception of a stronger playing and hiring more grouping and gift those grouping more benefits and higher pay,” Kincaid said. “This module earmark us to advise nervy and be steady and do things we wouldn’t do otherwise.”


RVA Hospitality also plans to attain permanent, person to municipality approval, the exterior dining Atlantic at its Bar Solita edifice at 123 W. Broad St., Kincaid said. Some of the RRF money is earmarked for furnishings and lights for that patio.


Many topical restaurants conventional money finished the example UPPP information and were also healthy to verify plus of the RRF.


One of those is taco class concern Don’t Look Back. Managing relation Hamooda Shami said it plans to ingest its roughly $847,000 in RRF resource in the aforementioned artefact it utilised its UPPP money: to counterbalance payroll, lease and bourgeois costs as it seeks to convey to pre-pandemic dealings patch equalisation debt.


“The prototypal UPPP was, ‘OK, we’re not feat discover of business.’ The ordinal UPPP with the (Employee Retention Credit program) … I countenance at that like, ‘OK, we’re feat to intend discover of this abstract for sure, we’ll endure in whatever form,’” Shami said. “I countenance at the RRF as not exclusive are we feat to attain it but we’re feat to be healthy to do it in a more easy fashion.”


In constituent to stipendiary soured suspended payments on lease and supplies, Kevin Healy of Housepitality Family said he designed to whap absent whatever of its RRF resource in life of forthcoming unheralded costs.


“Just to be healthy to hit a lowercase modify is a enthusiastic feeling,” Healy said. “Really what I’m using it for is to rest at night.”


West End edifice Hutch, which winking its expanse at Gayton Crossing terminal year, conventional $1.2 meg from the RRF. Owner Josh Bufford said he hopes to reopen the edifice elsewhere using information funds. Another restaurant, Les Crepes, has since unsealed in locate of Hutch.


RRF participants had to establish pandemic-related income expiration and had to be unstoppered or temporarily winking to be suitable for the program.


Companies that conventional assets hit until March 11, 2023 to pay their resource on authorised expenditures, which allow payroll, debt, utilities, lease and exterior dining spaces. Funds that aren’t spent by that deadline would be returned to the government.







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Richmond-area eateries intend $73M from Restaurant Revitalization Fund




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Richmond-area eateries get $73M from Restaurant Revitalization Fund

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