Crosscut Now
Apr. 27, 2022 - Small and rural WA restaurants left behind
4/27/2022 | 1m 15sVideo has Closed Captions
Small and rural WA restaurants left behind by SBA relief program.
The Small Business Administration doled out $918 million statewide, but the largest awards went to Puget Sound eateries.
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Crosscut Now is a local public television program presented by Cascade PBS
Crosscut Now
Apr. 27, 2022 - Small and rural WA restaurants left behind
4/27/2022 | 1m 15sVideo has Closed Captions
The Small Business Administration doled out $918 million statewide, but the largest awards went to Puget Sound eateries.
Problems playing video? | Closed Captioning Feedback
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As part of the American Rescue Plan Act, the Small Business Administration gave out $918 million to Washington State restaurants last year.
The largest awards went to Puget Sound eateries.
Of the businesses awarded more than $1 million, about 89% were in the Seattle area.
Small and rural restaurants were left behind and thousands of businesses are still drowning in debt.
Anthony Anton, CEO of the Washington Hospitality Association said almost 4,000 businesses in the state applied and qualified for the grant, but received nothing.
Many might be forced to shut down.
The US House of Representatives recently voted to allocate $42 billion towards the Restaurant Revitalization Fund.
If passed, this would provide funding to all applicants from the first round, plus an additional $13 billion for struggling business.
I'm Starla Sampaco.
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