Business & Tech
Palm Desert Area Restaurants Get Millions Of Dollars In Federal Funds
The restaurants were helped as part of the American Rescue Plan Act. In many cases, funds don't have to be repaid.
PALM DESERT, CA — The Restaurant Revitalization Fund doled out more than $28.6 billion in grants to eateries that sustained financial losses during the pandemic, including several Palm Desert area restaurants.
The fund was established as part of the American Rescue Plan Act of March 2021. More than 101,000 restaurants received grants as of June 30, according to the Small Business Administration. The average grant size was $283,000.
Restaurants were eligible for up to $10 million in grants, with no more than $5 million per location. Funds don’t have to be repaid if they are used for eligible expenses, such as payroll or rent, through March 11, 2023.
Find out what's happening in Palm Desertfor free with the latest updates from Patch.
The following Palm Desert area restaurants were among those that received a Restaurant Revitalization Fund grant. Check here for a full, searchable database. (Note: Many of the listings are corporations, limited liability companies, investment firms, and company owners.)
Business: JACKALOPE LLC
Find out what's happening in Palm Desertfor free with the latest updates from Patch.
- Palm Desert, CA, 92211
- Grant amount: $1,080,454
Business: DESERT PHO CORP.
- Palm Desert, CA, 92211
- Grant amount: $385,505
Business: KUSKE ENTERPRISES INC.
- Palm Desert, CA, 92211
- Grant amount: $195,051
Business: ANASH ENTERPRISES INC.
- Palm Desert, CA, 92211
- Franchise: Subway
- Grant amount: $126,732
Business: ANA FELIX
- Palm Desert, CA, 92211
- Grant amount: $122,157
Business: THE 19TH HOLE INC.
- Palm Desert, CA, 92211
- Grant amount: $101,324
Business: FLOR DE JALISCO INC
- Palm Desert, CA, 92211
- Grant amount: $65,358
Business: Palm Desert Minute Shoppe Inc.
- Palm Desert, CA, 92211
- Grant amount: $65,310
Business: ELEONORA MALACHOWSKA
- Palm Desert, CA, 92211
- Grant amount: $28,959
Business: JESSICA ACOSTA
- Palm Desert, CA, 92211
- Grant amount: $19,155
Calls for more aid from industry leaders
The Restaurant Revitalization Fund received praise from industry members for its simplicity, but many applicants were shut out when funding dried up in June.
Nationwide, restaurants submitted more than 278,000 applications, totaling $72.23 billion in requested aid. Around 177,000 applicants were denied grants.
There was also confusion about prioritization of funds. The SBA originally prioritized funding for restaurants owned by women, veterans and underserved populations. Some business owners sued, and the SBA ended the practice; around 3,000 priority applicants had grants rescinded, according to The New York Times.
The restaurant industry has lost around $290 billion in sales since the beginning of the pandemic, according to the National Restaurant Association. Some 90,000 restaurants closed permanently or long-term.
The bipartisan Restaurant Revitalization Fund Replenishment Act proposal would provide $60 billion in additional funding for the program if passed.
“The success of the RRF so far is, in large part, because the SBA focused on making the program simple and accessible,” NRA Vice President Sean Kennedy said in a statement. “We appreciate how swiftly they were able to establish a program unlike anything they had administrated before, and believe it has the structure to sustain additional funding.”
Editor’s note: This post was automatically generated using data from the SBA. Feedback can be sent to content@patch.com.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.