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…
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…
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…
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…
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…
Before the pandemic, restaurants employed approximately 10% of the entire U.S. workforce. As of today, employment in the restaurant industry has more than halved. Prior to the coronavirus pandemic, there…
Goodbye Gotham Bar & Grill, hello Noma burger bar. Worldwide, over 85% of Michelin-starred restaurants are currently closed. Some closures are permanent, such as New York City’s Gotham Bar &…
Approximately 1.5 million U.S. residents have been diagnosed with COVID-19, including 90,000 people who have lost their lives. Most of the infections are caused by respiratory droplets whose probability of…
Over 36 million Americans have lost their jobs since February. According to April data from the U.S. Bureau of Labor Statistics, the unemployment rate was 14.7% two weeks ago. This…
How many consumers plan to return to dine-in when restaurants reopen? According to Long Island Restaurant News, an auspicious 67%. So begins the procession of polls of innumerable variety about…
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