Restaurant trade group says pandemic aid wasn’t enough to sustain the industry, as closures strike again
As Covid-19 cases continue to climb in cities and states around the country, businesses are being faced with a second wave of closures and potential layoffs.

The National Restaurant Association projects 100,000 restaurants have been closed down over the past two weeks under state and local government mandates, as the advocacy group calls on Congress for targeted relief for the hard-hit industry.

Key Points
  •     The National Restaurant Association is calling on Congress for targeted relief for the hard-hit industry.

  •     The trade group projects 100,000 restaurants have been closed down over the past two weeks under state and local government mandates.

  •     The current federal recovery mechanisms are not enough to sustain the industry, the National Restaurants Association told policymakers. They are urging passage of the Restaurants Act.
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RSK: Not pretty out their for this sector of which I am vested in. There will be major collateral damage. People will need to get real creative to survive this round and the next.



- - Volume: 8 - WEEK: 30 Date: 7/21/2020 9:36:18 AM -