ARPA 2021 FUNDING INCREASE

  • NEW! $28.6 billion for the Restaurant Revitalization Fund (RRF). NOTE: Applications not available until the Small Business Administration (SBA) issues complete program guidelines/documentation requirements, BUT GET YOUR FOOD BUSINESS READY NOW TO APPLY! View the RRF Program highlights and learn more about the fund, courtesy of BKD CPAs & Advisors at: 28.6-Billion-in-Stimulus-Relief-for-Restaurants_1.pdf (albionedc.org). In addition to RESTAURANTS, a broad range of FOOD & BEVERAGE related businesses are eligible for funding including FOOD TRUCKS-FOOD CARTS-CATERERS-BREWPUBS. The AEDC will share information via email, on our website and Facebook page as more detailed program information is made available and the application portal goes live.
  • $7.25 billion additional for the Paycheck Protection Program, including expanded eligibility to additional nonprofits, digital news services
  • Additional funds allocated for the Shuttered Venue Operators Grant program, businesses now allowed to apply for BOTH A PPP LOAN after Dec. 27, 2020, AND THE SVOG
  • $15 billion additional for Targeted Economic Injury Disaster Loan Advance (EIDL) payments, including NEW $5 billion for Supplemental Targeted EIDL Advance payments for those hardest hit