Relief begins to run dry for Connecticut restaurants

A fund that was supposed to help struggling restaurants has left some high and dry.

News 12 Staff

Jul 2, 2021, 9:39 PM

Updated 1,051 days ago

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A fund that was supposed to help struggling restaurants has left some high and dry.
President Joe Biden's American Rescue Plan included a Restaurant Revitalization Fund, which helped restaurants such as Taco Loco in Bridgeport until it ran out.
"The Restaurant Revitalization Fund has run out of money," says Sen. Richard Blumenthal.
Blumenthal wants to pump another $60 million into restaurant relief.
"Taco Loco has already received their money, but there are thousands more - many of them in Connecticut - that need and deserve Restaurant Revitalization funding," he says.
Restaurants owned by minorities were supposed to get priority, but lawsuits tossed that plan out - leaving some owners who were already approved in limbo.
Restaurants can still get an economic injury disaster loan - up to $500,000 at 3.75% interest.
You can repay it over 30 years.
Taco Loco says their family is staying together because they got a helping hand.
"It's going to take us some time to recover, but I'm pretty sure it's an easier road ahead of us," says owner Miguel Tomasio.
Blumenthal says he's got Republicans on board for more funding too.


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