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Independent Restaurant Coalition pleas for more financial assistance for struggling restaurants due to pandemic

The Independent Restaurant Coalition released a letter this afternoon signed by restaurants running out of financial options.

MEMPHIS, Tenn. — More than 90,000 restaurants and bars permanently closed since the start of the COVID-19 pandemic, according to the Independent Restaurant Coalition.

That group is now calling on Capitol Hill to give them more financial assistance or risk losing many more. The group unveiled a letter signed by over 3,300 restaurants and bars from all 50 states that reported they are in danger of closing if Congress does not replenish the Restaurant Revitalization Fund.

The group held a press conference Thursday demanding action. They're asking to replenish the RRF. According to the IRC, only a third of restaurants that applied for the relief received it from the fund. 

Also according to the IRC, 86% of restaurants that didn't receive money are at risk of closing.

The IRC said because of the pandemic restaurants and bars lost an estimated $280 billion yet they only received $28.6 billion in relief.

They're advocating for the Restaurant Revitalization Fund Replenishment Act that would provide an additional $60 billion.

In a release, the IRC said the debts struggling restaurants are incurring are only made worst by the rising prices of supplies.

You can watch the news conference HERE.

Independent Restaurant Coalition Congressional Letter Press Conference

Join the Independent Restaurant Coalition and restaurant owners from across country as we release a letter to Congress signed by businesses in all 50 states that risk closure without immediate action to refill the Restaurant Revitalization Fund.

Posted by Independent Restaurant Coalition on Thursday, December 9, 2021

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