The Independent Restaurant Coalition pleads for greater financial relief amid closures due to COVID-19.
A national advocacy group that represents more than 5,000 restaurant owners and chefs is calling for Congress to provide more financial relief amid the coronavirus pandemic for the independent restaurant industry and the 11 million people it employs.
“It’s simple: Without help, many of your favorite restaurants are not going to be there once this crisis is over,” said Tom Colicchio, the chef-owner behind Crafted Hospitality and one of the founding members of theOn Monday, the coalition sent a letter to Congress and held a conference call led by Colicchio and fellow chef-restaurateurs Naomi Pomeroy and Kwame Onwuachi.
Among the actions requested by the coalition were changes to the Paycheck Protection Program that would extend loan terms to three months after restaurants can fully reopen and increase the amount of time owners have to repay loans; a $100-billion “restaurant stabilization fund” to provide upfront capital for reopenings; tax rebates that incentivize employment; and ensuring business interruption insurance covers COVID-19-related losses.
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