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Food service industry in the era of COVID-19: trends and research implicationsMaking tax-free distributions to the extent of AAAHow Has Covid-19 Affected Restaurants | City National BankCapital Asset Pricing Model (CAPM)Jun 26, 2022 · 6 min read
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In May 2021, the Restaurant Revitalization Fund (RRF) launched with $28.6 billion allocated by Congress to provide funding to a sector of the economy especially hard-hit by government-imposed shutdowns and other restrictions related to the COVID-19 pandemic.
The funds supplied fell far short of the demand. While the program’s administrator, the U.S. Small Business Administration, awarded more than 100,000 RRF grants totaling $28.6 billion, the program received nearly 280,000 RRF applications seeking more than $72 billion in funding.
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