Washington, DC (StLouisRestaurantReview) Today, the National Restaurant Association released new data showing that the industry continues to struggle in pandemic conditions. In a letter to Congressional leadership, the Association highlighted how the results demonstrate a continued vulnerability for the nation’s second-largest private-sector employer and warrants prompt passage of the $25 billion Restaurant Revitalization Fund in the American Rescue Plan.
“The Restaurant Revitalization Fund represents the culmination of a year’s worth of advocacy and development toward an industry-specific solution,” said Sean Kennedy, executive vice president of Public Affairs for the National Restaurant Association. “Prompt passage and implementation will provide new relief opportunities for some of the nation’s hardest-hit restaurants and communities. Help for restaurants is help for employees and communities, and a signal that our country is one step closer to turning a corner.”
Highlights of the survey findings in the letter include:
While many other industries have moved into a recovery phase, the restaurant industry ended last year in a double-dip recession and 2.5 million fewer jobs. Between March 2020 and January 2021, restaurant and foodservice sales were down $255 billion from expected levels.
“Demand for relief will far outpace the $25 billion in funding,” Kennedy concluded in the letter. “But this is an incredible step forward, and we look forward to working with you to see this program launch successfully to rescue countless industry jobs nationwide.”
Today’s letter was the sixth update the Association has sent to Congressional leadership to apprise them of the restaurant industry’s state. Read the full letter here.
A summary of the survey of 3,000 restaurant operators, conducted by the National Restaurant Association Research Group from February 2-10, is available here.
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