Rep. Horsford Votes for New Relief Funding for Nevada's Restaurants and Small Businesses
Press Release
Last week, Congressman Steven Horsford (D-NV-04) voted to secure urgently needed relief for small businesses across Nevada.
The Relief for Restaurants & Other Hard Hit Small Businesses Act will deliver $55 billion to replenish funding for Nevada restaurants and establish a new program supporting other small businesses impacted by the pandemic.
"Supporting Nevada small businesses helps boost our historic economic recovery," said Rep. Horsford. "The original Restaurant Revitalization Fund helped many Nevada small businesses keep their doors open and keep Nevadans employed. However, of the nearly 2,500 Nevada businesses that applied, only 763 were awarded grants. I am proud to vote for this legislation that will enable restaurants that weren't able to take advantage of this program the first time to access this fund in the wake of the omicron variant. It will also establish a new program to support small businesses in Nevada that have suffered revenue losses of at least 40 percent during the pandemic. I will keep up the fight to ensure small businesses can continue serving our communities."
Established through Democrats' American Rescue Plan, the Restaurant Revitalization Fund (RRF) distributed $28.6 billion to restaurants across the country -- including $267.5 million for 763 Nevada businesses. Due to its popularity, the program quickly exhausted its funding before more than 170,000 eligible businesses nationwide could access relief. The Relief for Restaurants & Other Hard Hit Small Businesses Act will provide $42 billion to replenish the RRF so that these restaurants can apply for this assistance.
This legislation also takes action to support other struggling small businesses:
Providing $13 billion to establish the Hard Hit Industries Award Program, which will assist Nevada small businesses with 200 or fewer employees that have experienced 40 percent or more in lost revenue.
Updating the Shuttered Venue Operators Grant Program to provide Nevada entertainment venues with more time and flexibility to use federal relief funds.
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