The Small Business Administration announced last week that 169 operators will receive $83 million in unused Restaurant Revitalization Fund grants, nearly a year and a half after the program closed.
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Hospitality Newsletter | Food & Beverage
Via FSR Magazine image of Isometric businessman holding thick documents and another businessman holding thick banknotes standing on seesaw for balance SBA Releases $83M in Unused Restaurant Revitalization Fund Grants

The Small Business Administration announced last week that 169 operators will receive $83 million in unused Restaurant Revitalization Fund grants, nearly a year and a half after the program closed.

In July, the U.S. Government Accountability Office indicated in a report that $180 million was left over, but that estimate was inaccurate, said the National Restaurant Association. The grants are being released in the order that applications were received. Operators have been notified, and grants will be sent through this week. Recipients have until March to spend the money.

"This week, the U.S. Small Business Administration (SBA) began distribution of returned funding in the Restaurant Revitalization Fund (RRF) program, following the program’s closure in June 2021," the agency said in a statement. "In doing so, the SBA worked with the advice of the Department of Justice on a plan to distribute the remaining funds, approximately $83 million. The SBA has contacted the recipients of the awards. In addition to other SBA assistance programs, the RRF has helped more than 100,000 restaurants and other food and beverage business owners survive the pandemic. The SBA and the Biden-Harris Administration are committed to help struggling restaurants get back to business with currently available products and resources."'s ConvergeBlog
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Hazard Assessments Lag at Restaurant Companies: Marsh

November 28, 2022 via Insurance Journal

Formal hazard assessments at restaurants are key in reducing worker injuries and insurance claims. In recent years, however, a sizeable number of companies have not conducted the required inspections.
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How Insurance Needs Differ for Traditional Restaurants v. Mobile Food Businesses

November 10, 2022 via Modern Restaurant Management

Traditional sit-down restaurants and mobile food businesses have uniquely different needs when it comes to insurance. While there is some overlap in coverage needs, it’s important to understand the differences when it comes to insuring your business.
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It’s Time to Review Carbon Monoxide Safety For Your Restaurant Operations

October 10, 2022 via Total Food Service

Now is the time to prepare safety measures for the coming months as sometimes the greatest danger can be lurking inside your own properties. Carbon monoxide (CO) gas is one of the most widespread and dangerous industrial hazards.
Via Forbes image of businessman leader balance himself on percentage sign while holding an umbrella in one hand and a large coin in the other What Is Restaurant Insurance and the Average Cost?
Owning a restaurant is a challenging but rewarding way to make a living. As you build your restaurant business, it is important to have the right insurance in place to protect your investment.

You can get restaurant insurance by buying a business owners policy (BOP), which packages together three essential coverage types for less cost than buying them separately:

  • Property insurance
  • Business interruption insurance
  • Liability protection

From there you can add on customized coverage for your restaurant business.
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