NEW MEXICO (KRQE) – A group of federal lawmakers wants to refill the fund that provides relief to restaurants. The Restaurant Revitalization Fund was passed as part of the American Rescue Plan, however they got three times the number of requests than they were prepared for, meaning the $75 billion fund is already depleted.
- Small Business Administration announces $28.6B in Restaurant Revitalization Fund
- Struggling New Mexico restaurants can apply for federal grant
- Albuquerque restaurants, food trucks eyeing $28B in ‘Restaurant Revitalization’ funds
Now, a group of lawmakers is calling for more than double the fund’s original amount to replenish it. Lawmakers said this would cover existing applications and allow them to open up applications to more businesses.