January 19, 2021

Raising the NYS Bar Restaurant Recovery Fund

From Empire State Development: In an effort to support small businesses during the COVID-19 pandemic, the Raising the NYS Bar Restaurant Recovery Fund offers approximately $3 million in reimbursement grants for up to $5,000 to eligible businesses. The program is intended to support full-service restaurants – the industry hit hardest by the pandemic – during the winter months when outdoor dining is limited and as restaurants adjust to New York State’s COVID-19 safety restrictions and new mandates.

It has been a tough time for many industries going through this pandemic, however, with restaurants solely banking on in-house customers, they have had to adapt widely and be put on the edge from all of this. Some restaurants who may have just started out could be looking at closing down due to low numbers and limited revenue coming in, however, there are ways that this can be rectified, not only through The Raising the NYS Bar Restaurant Recovery Fund, but through restaurant fundraising in their local community, with residents helping them out as they try and stay afloat. The fact that more and more people tend to donate money for such events means a number of local restaurants can be benefitted in these tough times. Moreover, these funds might assist restaurants to buy new restaurant stuff and improve the quality of services. Hopefully, all of these factors can assist in keeping restaurants open and thriving so they can get through this difficult and unprecedented time, but only time will tell.

The Raising the NYS Bar Restaurant Recovery Fund is a partnership between New York State, Diageo Wine & Spirits, Southern Glazer Wines & Spirits and The National Development Council (NDC). Grant funding will be managed by The National Development Council (NDC).

Restaurants can apply to the Raising the NYS Bar Restaurant Recovery Fund starting Monday, January 11, 2021.

For more information from Empire State Development with a link to apply click here.

For more information and to apply directly through The National Development Council click here.

If you have any questions please contact Natalie Vichnevsky.