The National Restaurant Association has asked President Trump and congressional leaders to provide financial relief to restaurants that have been mandated to shut down to slow the spread of coronavirus. Early economic forecasts reveal the industry will face a $225 billion loss and be forced to eliminate between 5 to 7 million jobs over the next three months.
In a letter to the administration, the NRA outlined several options to provide relief and aid recovery. The association proposed three separate categories of protection: directed/targeted financial relief, loans/insurance options for impacted small businesses, and tax measures.
"We are revising our business model to provide meals in different ways, takeout, delivery, safety-enhanced dine-in, but the majority of our restaurants do not have this capability today. As the restrictions continue, we are facing economic headwinds that will lead many restaurants to shut down operations, lay off workers, and end service in our communities," said NRA EVP of public affairs Sean Kennedy, in the letter. "Taken together, these proposals will ensure that restaurants have increased liquidity and access to necessary financing to help the industry and its employees recover."
Related: Nevada, San Francisco Mandate Shut Down of Nonessential Businesses; Los Angeles Restaurants Temporarily Pivot to Corner Stores.
from Foodservice https://ift.tt/3bcodvX
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