Coronavirus Daily Update 4.24.20
Coronavirus update 4/24/20

Webinar: Approved for the PPP....Now What??
Taking a deeper look at PPP, Loan Forgiveness, Economic Injury Disaster Loans (EIDL) and Employee Retention Credits
Join us Monday 4/27 @ 2:00PM
Antares Group, Inc . and Proliant  invite you to an important webinar delving deeper into the Paycheck Protection Program and loan forgiveness. 
We will hold this informative webinar exclusively for members of the Massachusetts Restaurant Association beginning at 2 p.m. (ET) on Monday, April 27th  where we will address updates to the Paycheck Protection Program under the CARES Act and provide more insight into the lending and loan forgiveness process, Economic Injury Disaster Loans (EIDL) and Employee Retention Credits.

Additional Financial Resources Available:
( Consideration for: Female, Minority and Veteran owned restaurants and business partners)

Of the $100 million fund, $40 million in grants is set for 10,000 U.S.-based small businesses. And of those, Facebook is “prioritizing 50% of grants to eligible minority, women and veteran-owned businesses.
To be eligible to apply, your business must:
  • Have between 2 and 50 employees
  • Have been in business for over a year
  • Have experienced challenges from COVID-19
  • Be in or near a location where Facebook operates
  • All eligible cities in the United States are now able to submit their application.
$5,000 grants to 1,000 female entrepreneurs. The fund is accepting applications in cycles starting on May 4, June 1, July 6, and August 3.  Sign up to be notified  of these dates
Verizon joined with the Local Initiatives Support Corporation to offer as much as $5 million in grants of up to $10,000 each to small businesses, “especially entrepreneurs of color, women-owned businesses and other enterprises that don’t have access to flexible, affordable capital.”   Register to stay updated .
Employee Assistance
CORE is dedicated to serving food and beverage service employees with children. We grant when the employee or their child is faced with a health diagnosis, surgery, injury, death or natural disaster. As the world faces the biggest pandemic in our lifetime, we want to continue to honor our mission by providing support to food and beverage service employees, with children, who have also been medically diagnosed or living in the same household with a family member diagnosed with COVID-19 and under medical directive to quarantine. CORE grants average $2500 and provide help with expenses such as: rent or mortgage, utilities, or medically related expenses. 
Even if an employee meets the criteria and has been recently furloughed. Employees can apply on line, or a family can be referred:  

Reminder to Tell Congress to Support the Restaurant Blueprint for Recovery
No other industry has been hit harder by the coronavirus than restaurants. The impact of the restaurant industry cannot be understated—our sales exceed the agriculture, airline, railroad, ground transportation, and spectator sports industries combined. Yet, restaurants will be one of the slowest industries to bounce back from the effects of this pandemic. 
Please take a few moments and contact your Representative and Senators—tell them that restaurants, employees, and consumers need Congress to act on the “Blueprint for Recovery, ” so that your restaurant can survive the long road to recovery.

Massachusetts Restaurant Association
160 East Main Street, Suite 2, Westborough, MA 01581
Phone: (508) 303-9905