After the pandemic hit last year, Raleigh Wine Bar + Eatery in Portsmouth shut down for nearly the entire spring. The restaurant decided to hibernate in the winter and closed its doors during January, February and part of March this year. To help offset lost revenue, the restaurant applied to receive funds from the Restaurant Revitalization Fund, a $28.6 billion federal aid program.
“Like all restaurants, we’ve been dramatically affected,” said Nimi Idnani, owner of Raleigh Wine Bar + Eatery. The restaurant plans to use the funds to pay salaries and expand outdoor dining — something the restaurant now heavily relies on, as their indoor dining capacity was reduced by over 50% with appropriate social distancing.
‘Like all restaurants, we’ve been dramatically affected,’ says Nini Idnani, owner of Raleigh Wine Bar + Eatery in Portsmouth.
The Restaurant Revitalization Fund, or RRF, is part of the American Rescue Plan designed to help restaurants and other food service-related businesses recover from the Covid-19 pandemic. The program, run through the Small Business Administration, officially opened up the application portal on Monday, May 3. Through May 24, the SBA will only approve applications from businesses that self-identify as being majority-owned by women, veterans, and those who are socially and economically disadvantaged.
The restaurant industry was
among the hardest hit by Covid-19. According to New Hampshire Lodging
and Restaurant Association, over 200 Granite State restaurants have
permanently closed since the pandemic. NHLRA President Mike Somers said
he thinks the RRF funds will go fast and not fully meet the significant
demand for financial support across the country.
He
said, “$28.6 billion sounds like an awful lot of money, and it is, but
ultimately with the sheer need across the industry throughout the
country, it may not be enough,” said Somers. He thinks a lot of
restaurants in the state will apply.
“I
think there is a fairly good awareness of the program locally,” said
Idnani, adding that the Chamber Collaborative of Greater Portsmouth and
distributors have reached out to organizations to ensure that businesses
knew about the program and how to apply.
“I count myself lucky that we’re a femaleowned business that qualified for the first round,” said Idnani.
Unlike
other federal aid programs run through the SBA, like the Shuttered
Venues Operators Grant, RRF launched with few technical difficulties.
Somers
thinks that the application is well constructed and finds that the
required calculations are simple, and the support documentation is not
too challenging to work through. “All in all, it has been a pretty good
rollout,” he said.
— KATIE HOPPLER