According to the Independent Restaurant Coalition (IRC), 1-in-4 jobs lost during the pandemic came from the food and beverage industry. The letter that the IRC sent to Congress outlines several proposed changes that the organization strongly urges the federal government to consider, including:Fixing the Paycheck Protection Program so it’s easier for small businesses to take advantage of the loans — The proposed changes include an extension of the maximum loan amounts from eight weeks to three months, and an extension of the loan repayment program from two years to 10 years. • Independent restaurants are expected to generate up to $653 billion in sales in 2020. WASHINGTON, D.C. — Today, the Independent Restaurant Coalition (IRC) released the following statement on the passage of the Paycheck Protection Program Flexibility Act in the United States Senate: These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.New restaurants and soon-to-open concepts worth monitoringRB’s exclusive ranking of the highest-grossing independent restaurantsPeter Romeo highlights the moments restaurateurs miss at their own perilWinsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage – convenience stores, grocery retailing, restaurants and noncommercial foodservice – through media, events, data products, advisory services, and trade shows.Independent Restaurant Coalition makes progress on $120B government relief packageThe new RESTAURANTS Act could inject up to $271 billion into the economy.The Independent Restaurant Coaliton (IRC) unveiled a new relief plan on Thursday dedicated to aiding struggling restaurateurs. This revitalization fund would also provide financial assistance to the 5 million farmers, fishermen, bakers and other small producers that supply independent restaurants, Wicker said. This was part of the chain of events that spurred Tom Colicchio (Crafted Hospitality), along with several other major restaurant operators and chefs, including Kwame Onwuachi (Kith and Kin), and Naomi Pomeroy (Beast) to form the Independent Restaurant Coalition. “I have also heard a lot of restaurants are unable to apply if they don’t have prior debt with a bank, that you’re not prioritized unless you have open credit.”The IRC calls for $100 billion in grants for independent operators that will give them the cash flow necessary to survive until they are able to reopen.Creating new tax rebates would give restaurants incentives to continue paying their employees and investing in their business to stay afloat until everything returns to state of (relative) normalcy.“We have 11 million [independent restaurant] workers out of work,” Kwame Onwuachi said during the conference call. Independent Restaurants Reported Taking on New Debt Obligations. IRC was founded on the simple belief that there is power to affect legislative change if we unite our voice. • The economic activity generated by the restaurant industry as a whole accounts for 4% of the nation’s GDP. “We’re not looking for a bailout, we want to get to work when we can,” Colicchio said. She contacted other restaurateurs and chefs. Number 8860726.This was part of the chain of events that spurred Tom Colicchio (Crafted Hospitality), along with several other major restaurant operators and chefs, including Kwame Onwuachi (Kith and Kin), and Naomi Pomeroy (Beast) to form the “This is an unprecedented situation that the country finds itself in,” Tom Colicchio said during a press conference call on April 6. The Independent Restaurant Coalition is fighting to save local restaurants affected by COVID-19. That’s 5.9 million jobs. He had to permanently close one of his concepts, the Purple Parrot, which had been operating since 1987. SoHo restaurateur Camilla Marcus "saw a press conference from the White House that mentioned bailouts for industries that don’t employ one percent of what we do as an industry," which she found "infuriating". […] We did not have a way for us to all work together and let feds know what our needs are, we formed the coalition /sites/all/themes/penton_subtheme_restaurant_hospitality/images/logos/footer.pngTom Colicchio is one of the founding members of the Independent Restaurant Coalition. The Independent Restaurant Coalition was formed earlier this year to assist local restaurants and bars affected by COVID-19. The IRC was formed in response to the effects of the COVID-19 crisis on independent restaurants, and they’re asking Congress for loan extensions and business insurance interruption coverage Hargett Hunter leads bidding in Trudy’s bankruptcy auctionTexas restaurateur creates company for mobile, on-site COVID-19 testingFinding a new model for compensation: Jesse Cool reboots with shift to service charge to pay Heart of HouseSt. The Independent Restaurant Coalition is fighting to save local restaurants affected by COVID-19. • On average, 90% of that revenue gets paid out directly to our employees, suppliers, and for rent. LOUISVILLE, Ky. (WAVE) - Kentucky’s independent restaurant owners are urging Sen. Mitch McConnell to support the RESTAURANTS Act, a $120 billion fund that would provide direct federal aid to a struggling foodservice industry.
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