A Post-Mortem on the RRF

So, earlier in this issue, we talked about the Restaurant Revitalization Fund being closed and out of funds. Seems like a post-mortem on the program might be an interesting exercise? Well, it turns out that Subway franchisees were the biggest recipients – in fact, of the 272,000 applications submitted, almost 2,900 Subway restaurants received funding…

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Court Enjoins ARPA Tax Cut Prohibition

A federal district court in Ohio has issued a permanent injunction against a provision in the American Rescue Plan Act (ARPA) prohibiting states from using ARPA funds to offset state tax cuts. The provision provided that no states, territories or local communities that accepted funds from the American Rescue Plan Act (approximately $350 billion total…

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Fighting Over Unemployment Premium

As the labor shortage continues to wreak havoc with small businesses across the country, the issue is being fought out in a host of different venues. First off, there are the many states that have announced (or already) that they are suspending or ceasing the extra bonus payments as we’ve reported in prior issues. That…

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SBA Closes RRF

Rife with problems from the get-go, the Restaurant Revitalization Fund (RRF) was closed to new applications yesterday by the US Small Business Administration (SBA), but the application portal will remain open for another two weeks to allow applicants to check their status. With its creation as an integral part of the American Rescue Plan –…

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Business Outlook and Concerns

Small business owners, some of whom are just getting their business back on its feet, are a bit more optimistic about the future while at the same time, equally concerned about inflation and increasing operating costs. A Job Creators Network Foundation poll, the June Monthly Monitor, released last week showed that only 9% reported recovering…

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SBA Halts RRF Payments

In the wake of a federal court ruling that found the Restaurant Revitalization Fund (RRF) priorities (women, veterans and economically/socially disadvantaged individuals) unconstitutional, the Small Business Administration (SBA) has withheld almost 3,000 additional RRF approved payments to priority recipients. The SBA essentially revoked the priority approvals already given and halted consideration of other priority applications…

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25 States Cut UI Premium

Last Saturday marked the beginning states rejecting additional federal funds to pay unemployment premiums to those who’ve yet to return to work as four states (Alaska, Iowa, Mississippi and Missouri) stopped the bonus as of June 12. All told, 25 states will actually cease the payments before the formal federal expiration scheduled for September 6.…

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Business Aid Program Launched

Notwithstanding constitutional and other issues with SBA programs designed to assist small businesses recovering from the coronavirus pandemic, some states are successfully launching assistance programs. New York is one example as the Cuomo administration announced the Small Business Pandemic Recovery Program last week and began accepting applications on June 10. The application process, which will…

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Congress Unveils More RRF Funds

Earlier this week, bi-partisan legislation was introduced in Congress to pump an additional $60 billion into the depleted Restaurant Revitalization Fund (RRF). As we advised just weeks ago, all $29 billion of the original RRF funds were committed within the 3-week priority window (women, veteran or socially/economically disadvantaged business owners) that Congress mandated when the…

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Court Rejects RRF Priorities

A panel of the U.S. Sixth Circuit Court of Appeals has ruled that the 21-day exclusive priority for businesses owned by a “woman, veteran and/or socially or economically disadvantaged individual” to apply for and access funds from the Restaurant Revitalization Fund (RRF) is unconstitutional. The Small Business Administration (SBA) officially opened the $29 billion RRF…

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