SAN ANGELO, TX – Many San Angelo restaurants and bars were awarded a large amount of money from the Biden Administration's Restaurant Revitalization Fund recently.
According to information from the Small Business Administration, the following is the list of businesses which have received money from the RRF:
|4387 W Houston Harte Expy.||$950,300.50|
|Fiddlestrings Bar and Patio||3301 Arden Rd.||$681,491.76|
|Franco's Cafe||2218 Martin Luther King Blvd.||$523,633.52|
|Asian Buffett||3508 Knickerbocker Rd.||$506,801.89|
|Bonsai Garden||1801 Knickerbocker Rd.||$409,951.08|
|Shogun Steak & Sushi||4397 Sunset Dr. Suite 100||$325,652.00|
|The Deadhorse||210 S. Chadbourne St.||$288,908.51|
|MASA Sushi Bar and Japanese Grill||4545 Sherwood Way||$250,807.16|
|Rio Concho Manor||401 Rio Concho Manor||$244,134.00|
|City Limits||4205 S Bryant Blvd.||$137,162.28|
|Giz & Hums' Billards & Bar||1425 W. Beauregard Ave.||$127,998.40|
|Buttercup Cafe||1921 Sherwood Wy.||$75,176.00|
|Jack & Jill Donuts||2901 Sherwood Wy. Suite 148||$55,166.04|
|Jalepenos Locos||9 E. Avenue K.||$40,804.60|
The Black Swan Art Gallery and Wine Bar
|118 S. Chadbourne St.||$40,529.00|
|My Bar||420 N. Bell St.||$38,444.50|
|Halfmann's Cake Cottage||1 S. Taylor St.||$33,635.30|
|Nakamura Sushi and Korean Cuisine||3222 Sherwood Wy.||$30,672.00|
|Fiddle Fire Catering||San Angelo||$27,287.00|
|Semper Fresh Kettle Corn||San Angelo||$10,811.40|
|City Cafe and Bakery||108 N. Pierce||$8,647.76|
In total so far San Angelo restaurants and bars received $4,808,014.70 in federal dollars for their losses experienced in the last year.
According to the SBA the American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
As with all federal funding programs, federal taxpayers foot the bill for the 'free' money.