110,000 restaurants have closed amid pandemic
With more than 2 million restaurant employees out of work and 17 percent of restaurants having closed permanently or on a long-term basis, the National Restaurant Association once again urged lawmakers for more relief for restaurants. It also indicated it supported this month’s potential compromise funding that would be provided to Americans and small businesses, but as a “down payment” until a larger package could be approved next year.
“What these research findings make clear is that more than 500,000 restaurants of every business type—franchise, chain, and independent—are in an economic free fall,” said Sean Kennedy, executive vice president for Public Affairs in the letter. “And for every month that passes without a solution from Congress, thousands more restaurants will close their doors for good.”
The Association’s Research Group found that 37 percent of restaurant operators will not make it past June in business without more relief. Also, as the situation has grown dire, the Association’s Public Affairs group is seeking members to get more involved at the grassroots level.
Sadly, a total of 36 percent of restaurant operators are considering closing their restaurant temporarily until the COVID-19 pandemic passes.
The Association also referred Congress to support its Blueprint for Revival and pass the Senate version of the Restaurants Act, which is an industry-specific measure for relief. To view the full letter to lawmakers, navigate here.
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