News

Black-Owned Restaurants Begin Trending on Social Media

Restaurant patrons are showing solidarity with the legacy of George Floyd and Black Lives Matter by supporting black business owners. The idea is to prioritize black-owned establishments to financially support…

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Senate Leader McConnell Expedites Paycheck Protection Program Flexibility Act

Restaurant owners could be in store for another de facto fiscal stimulus this month. Aides to Senate Majority Leader Mitch McConnell say that he hopes to move the Paycheck Protection…

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Food Costs Rise, Pork Cutouts Up 75%, Class III Milk Above $17

As if restaurant owners needed anything more to worry about, meat and dairy prices have been increasing. The national standard for pork prices, the “cutout,” is up 75% since April…

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Michelin Starred Chefs Comment on Today’s Restaurant Industry

In late February, estimates for the duration of COVID-19 lockdowns lasted just a couple weeks. Yet here restaurant owners are today, three months later and $52 billion poorer, with restrictions…

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Minneapolis and St. Paul Restaurateurs Decry Violence, Mourn Losses

For restaurant owners nationwide, this week was filled with news headlines on opposite poles. On the positive side, over 40 states now allow dine-in service, Paycheck Protection Program (PPP) forgivable…

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Partially Forgivable Microloans Available as 77% of Paycheck Protection Program Depleted

As of the close of business on May 28, 2020, the U.S. Small Business Administration (SBA) has approved 4,460,265 Paycheck Protection Program (PPP) loans from 5512 lenders totaling $510,536,339,105. That…

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Restaurant Owners Gain Bargaining Power to Limit Losses

There is a silver lining to the current crisis for restaurant owners. After an uninterrupted decade of rising costs and competition, COVID-19 has granted restaurant owners renewed power at the…

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Overdue Rent and Mortgage Problems for Restaurant Owners

Second to labor, restaurant owners’ next biggest expense is their rent or mortgage payment. Since COVID-19 lockdowns began in March, many restaurant owners have furloughed their employees which accomplished the…

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Restaurant Industry Lobbyists Meet With President Trump, Earn Congressional $120B Proposal

Two of the main restaurant lobbies achieved a major milestone this week in Washington DC, earning a $120 billion funding proposal on May 20, the day after meeting in-person with…

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Florida Continues Reopening Restaurants, Miami to Open Wednesday

Florida is the nation’s eighth most densely populated state, but one of the earliest to lift COVID-19 restaurant restrictions. New Jersey and Delaware remain in lockdown, as well as densely…

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