March 15, 2021 - Restaurant Revitalization Fund
A $28.6 billion Restaurant Revitalization Fund is included in the $1.9 trillion economic stimulus bill signed last Friday by President Biden. Sean Kennedy of the National Restaurant Association estimates that US restaurants have lost about $250 billion in revenue during the pandemic, so these funds will go quickly. Kennedy and Neil Bradley of the US Chamber of Commerce provided details in a webinar on Friday afternoon.
This program will be administered by the SBA. The funds are grants and if used correctly do not have to be repaid. $5 billion of the program is set aside for restaurants with under $500,000 in annual gross revenue. There will be preferences for minority-owned restaurants. Most restaurants will be eligible. Excluded are publicly traded companies and companies with more than 20 units. Franchisees may qualify.
The SBA has not published an application form and when they will be ready for applications has not been announced. What restaurant owners should do now is obtain a DUNS number. Google DUNS for information on how to apply. Once you have a DUNS number you can register at SAM.gov. Both will be required to apply for a grant. You can also begin to document your revenue in 2019 and 2020. The grant will be based on the revenue lost in 2020 compared to 2019. If you opened your restaurant during 2019 or 2020, you could still apply. Details will be forthcoming from the SBA.
If you received a PPP loan in 2020, that amount counts as revenue for the year. EIDL loans and Employee Retention Tax Credits do not count as revenue. You can take advantage of all these programs, but you cannot be reimbursed more than once for an e or revenue loss.
The definition of a restaurant is an establishment where people come primarily to eat or drink. Venues that have incidental food or beverages available will not qualify. Suppliers to restaurants will not qualify. For more information from the National Restaurant Association, CLICK HERE to download a 2-page pdf with details as of March 9th.
March 2, 2021 - COVID-19 Statewide Operating Procedures
Governor Greg Abbott issued an executive order lifting the mask mandate in Texas and increasing the capacity of all businesses and facilities in the state to 100 percent.
Denton County Public Health is in need of volunteers to help with COVID-19 vaccines. They need people who can assist with traffic flow and paperwork. Volunteers should be able to be on their feet for up to 6 hours. This need will be ongoing as the vaccine continues to be released. You can sign up to volunteer as part of the Medical Reserve Corp by clicking HERE.
For CDC updated guidance on COVID-19 quarantine recommendations, visit The Center For Disease Control website.
For CDC scientific brief regarding lessening quarantine timelines, visit Scientific Options to Reduce Quarantine.
For information regarding DCPH’s upcoming testing centers, please visit Denton County Testing.
For local COVID-19 data including active case information by municipality, hospital capacity, and ventilator utilization, visit Covid Data.
DCPH has updated COVID-19 quarantine criteria for those who have recently been exposed to COVID-19, mirroring Center for Disease Control and Prevention’s (CDC) updated scientific brief. Attached you will find a printable one-pager to keep on-hand for questions/calls with community members.
Both DCPH and CDC recommend a 14-day quarantine for most situations, with the date of exposure being day zero. However, quarantine after exposure may be shortened in the following situations:
- Only ten days of quarantine are required when no symptoms were ever present.
- Only seven days of quarantine are required when no symptoms were ever present and the individual exposed tests negative from a diagnostic specimen collected on days five through seven.
Daily symptom monitoring must still continue through quarantine day 14 along with correct and consistent mask use, social distancing, hand and cough hygiene, environmental cleaning and disinfection, and avoiding crowds. Should symptoms develop within that 14-day period, immediately self-isolate and seek testing.
It is important to note, and CDC states this in their new guidance, that 14-day quarantine remains the recommendation in general. However, to balance the burden of some situations, lessening the quarantine time is possible, but has some additional risk of transmission to others and can cause additional cases of COVID-19.
The North Central Texas SBDC is here to assist businesses. No cost advising. Can help answer questions about businesses or SBA loan process. Holding virtual meetings with clients. Call: Lori Logan, Director, NCT SBDC at (940) 498-6468
Quick facts to apply for the Small Business Administration’s Disaster Loan - See SBA Site for Information and Application: https://disasterloan.sba.gov/ela/
You may access all forms at SBA.gov where they may be downloaded. The regional Small Business Development Center (SBDC) has Advisors available to offer assistance and answer questions. They may be contacted at SBDC.nctc.edu, or (940) 498-6470.
ALL BUSINESSES ARE URGED TO APPLY!
CoServ sets up relief fund to help Members and Customers. Our hearts go out to all North Texans who are suffering from COVID-19 and the financial hardships resulting from the shutdown of so many businesses. To help our residential Members and Customers during this challenging time, CoServ has established the CCF COVID-19 Emergency Relief Fund. (Note: This only applies to residential accounts; if you are a small business and need assistance, please visit this special page established by the U.S. Small Business Administration.)
Working through the CoServ Charitable Foundation (CCF), CoServ has designated $200,000 to seven social service agencies to help provide financial assistance during this challenging time. Members and Customers financially affected by the pandemic are encouraged to contact one of the agencies listed below. The CoServ Charitable Foundation is an IRS-recognized 501(c)3 charity. All donations are tax-deductible, as allowed by law.
In addition, please know that CoServ:
- Has extended the suspension of residential disconnections for nonpayment through Thursday, April 30, 2020
- Offers payment due-date extensions that will give customers the time they need to initiate the application process and receive assistance
- Has created a secure online form that allows one-time tax-deductible donations to the relief fund by Members and Customers who would like to contribute. Log in to your SmartHub account for details.
To request COVID-19 financial assistance, please contact one of these agencies: