American Express is giving $1 million in grants to historic small restaurants
From neighborhood coffee shops to hole-in-the-wall eateries, small restaurants have been among the businesses hardest hit by Covid-19. It’s been estimated that, as of December 2020, 17% of all U.S. restaurants have permanently shut down. Although restrictions on the food industry have eased in some states, many independently-owned restaurants remain on the brink of closure in 2021 as the pandemic drags on.
To help keep ...
Posted — UpdatedTo help keep some culturally important restaurants stay in business, American Express has announced that they will partner with the National Trust for Historic Preservation to award 25 small, historic restaurants with $1 million in grants to help keep them afloat during these difficult times. Each restaurant will get a $40,000 grant,
In addition to being independently-operated and financially impacted by COVID-19, restaurants that are owned by people of color, women and other underrepresented groups, as well as restaurants that have not received other pandemic-related financial support (like PPP loans), will be given priority for the grants.
American Express partners will also provide help as part of the program. AT&T Business and Dell Technologies will offer up to $5,000 for each of the awardees to get digital upgrades. Resy will offer complimentary use of its ResyOS restaurant management software for one year. Main Street America will offer technical assistance on marketing strategy. The National Restaurant Association and the National Restaurant Association Educational Foundation will offer access to virtual training.
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