Restaurant Revitalization Fund registration begins Friday
The U.S. Small Business Administration will begin registration at 9 a.m. EST on Friday and and open applications at noon May 3 EST for the Restaurant Revitalization Fund, SBA administrator Isabella Casillas Guzman announced Monday.
The online application will remain open to any eligible establishment until all funds are exhausted.
Established under the American Rescue Plan, and signed into law by President Joe Biden on March 11, the Restaurant Revitalization Fund provides $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Funds must be used for allowable expenses by March 11, 2023.
For the first 21 days that the program is open, the SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. All eligible applicants are encouraged to submit applications as soon as the portal opens. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis.
For more information, visit www.sba.gov/restaurants.
Recognize and Reduce Your Type 2 Diabetes Risk
Learn to recognize and reduce your risk of developing type 2 diabetes at a free webinar offered by AARP Hawaii at 2 p.m., May 4.
Dawn Paikala of the National Kidney Foundation of Hawaii will explain the symptoms of pre-diabetes and what you can do to prevent pre-diabetes from turning into type 2 diabetes with diet, exercise and medication.
To register and get a Zoom link for webinar, go to aarp.org/nearyou or the AARP Hawaii Facebook page and click on Upcoming Events. The webinar is free and you do not have to be a member to attend.
Type 2 diabetes is the most common form of diabetes and most often develops in people over 45. It’s a chronic disease that results from an impairment in your body’s ability to process sugar, resulting in high blood sugar that can increase your risk of serious complications like stroke and heart attack.