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Subway, despite seeing a slump in sales earlier in the year due to COVID, ed a multi-year agreement with the NFL to continue on as their official sandwich sponsor. Without this in place, all those businesses will have to apply to have their loans forgiven, documenting that they used the money on payroll and other qualified expenses.

They discussed the need for further stimulus in aiding small business recovery, the impact of COVID on minority-owned businesses and how best to gain access to capital, and the special challenges faced by restaurants and other hospitality industries. The chains hope to make up lost breakfast sales by selling food and drinks later in the day, and have seen sales improve in these areas over the last several months.

Speaker Nancy Pelosi D-Calif. This comes as the Trump administration plans to negotiate another support package once Congress returns from recess next week, though that will only leave them two weeks to reach a compromise before the PPP expires on August 8. Despite the push back, Sen. At least 60 percent of each loan would still have to go toward payroll, however, the plan would allow the remaining amount to be spent on a wider array of expenses like PPE and other operating expenditures.

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The Paycheck Protection Program was essential to sustaining and mobilizing our national economy. A recent report from Goldman Sachs found that only about one in six businesses that received loans said they were confident they could pay their employees without further assistance. Payment will kick in after each restaurant reaches a predetermined credit limit and the service is available to both independent restaurants and chains. The initiative boosted employment at companies that received the loans by 2 percent to 4. We need to give our schools money so they can set up testing, so they can open.

Yesterday Gov. He plans to tighten the rules in New York as the state prepares for a second wave of coronavirus infections. The report estimated that Another pandemic-driven pivot is that of restaurant brands getting more involved in esports. Stephen Stanley, Amherst Pierpont economist, says the lack of new relief through PPP could be a factor for the increase in jobless claims and should thus be extended, explaining the initial program was created when it was expected the virus would no longer be an issue at this point in the year.

SUMMARY: As restaurant brands continue to report earningsthe impact of the coronavirus pandemic on the foodservice industry is even more apparent.

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SUMMARY: While restaurant sales reportedly continued recovering in July, the pace at which sales have improved has slowed down considerably, with same-store sales growth year-over-year only improving by 4. According to a report from Restaurant Business, brands such as Chipotle and Buffalo Wild Wings are pursuing more partnerships and branding deals with esports leagues, primarily due to the greatly minimized presence of traditional professional sports.

Susie Lee. That being said, a handful of states that reopened dining earlier, such as Florida, have since been required to roll back the reopenings due to spikes in confirmed cases of COVID As autumn and winter approach, some epidemiologists predict that cases may begin to spike not just on a state-to-state level, but on a national scale, casting a looming shadow on the restaurant industry in the next handful of months.

As the House prepares to reconvene for a rare weekend session to vote on a bill to shore up the U. Postal Service this Saturday, a growing of Democrats are pushing their leadership to vote on new relief measures as well to hopefully put an end to standstill negotiations. SUMMARY: Uber Eats announced it is launching its first ever advertising listing for restaurants, a paid platform restaurant can use to reach more customers amid the coronavirus pandemic.

In order to boost restaurant sales in NYC, Mayor Bill de Blasio said earlier this week that the city was considering letting its outdoor-dining program, Open Restaurants, extend into the colder months although restaurant owners have mixed opinions on whether they would participate as temperatures decline.

This morning, Senator Marco Rubio tweeted that his t proposal for a second round of PPP loans is being finalized and will be targeted more towards small business. Additionally, according to new data from the Bureau of Labor Statistics, food inflation has arrived meaning even slimmer profit margins for restaurants. Negotiations stalled just as the Small Business Administration this week began accepting applications for businesses to have the loans forgiven and now many lenders and recipients are waiting to see whether a deal can be made before they start the process.

Jobless claims in the United States rose above 1 million again, from the week ofclaims. Postal Service funding, and protection for employers against lawsuits stemming from Covid infections. Since the program launched at the beginning of April, more than 5. Separately, companies like Ruby Tuesday are getting creative in order to generate revenue during this time by acting as a host kitchen for restaurants looking to expand their delivery presence.

We also have to come to an agreement.

The revised bill, which includes elements of the July Senate GOP proposal, could be attached to a continuing resolution to fund the government past a September 30 deadline, according to two GOP sources. See Senate bill S. Any amounts remaining in the Fund after Dec. Businesses eligible for a grant under the Fund would be restaurants, food stands, food trucks, food carts, caterers, saloons, inns, taverns, bars, lounges, and other similar places of business in which the public or patrons assemble for the primary purpose of being served food or drink, that as of March 13,were not a part of a chain or franchise with more than 20 locations doing business under the same name, regardless of the type of ownership of the locations; b publicly traded, including a subsidiary or affiliate thereof; or c part of a state or local government facility other than an airport.

Despite its bumpy beginning, some Congress members are pushing to double down on PPP. McConnell also says the new GOP bill would help reimburse for safe workplaces and provide legal protections for health-care workers, schools and businesses that want to reopen. The failure to reach a compromise makes it increasingly likely that President Trump will issue as many as four executive orders to address the economic crisis as a result of the coronavirus pandemic.

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Additionally, many restaurant workers are leaving the restaurant industry, and many longtime gig workers are having a harder time finding work now that they are having to compete with the recently unemployed for on-demand delivery jobs. For a limited time in August, Chipotle is encouraging guests to round-up their change to the next highest dollar amount on the Chipotle app or Chipotle.

Some lenders and borrowers agree that legislative proposals currently under review would ificantly affect the review of applications.

The proposal triggered an immediate lobbying push by lawmakers and business groups who believe the plan is too narrow, such as the National Restaurant Association and the International Franchise Association who said the revenue-loss test was substantially too high. Steven Horsford, whose district has seen a recent spike in coronavirus cases. Additionally, coverage shows that landlords have been more willing to work with brands on remodeling in order to keep their spaces occupied. In an effort to keep their spaces occupied, some restaurant landlords have struck short-term deals with their tenants, dramatically slashing base rent and asking for a percentage of sales instead because they know it could be tough to find new tenants.

The SBA has not yet set a date to open the online portal that lenders will use to submit forgiveness applications, though Administrator Carranza said on Friday she hoped it would be ready by August. With this in mind, Reuters reported that Black-owned small businesses, which are highly concentrated in retail, restaurants and other service industries most affected by shutdowns, are expected to shutter at twice the rate of small businesses overall. But I am optimistic that we will be able to come up with something before Aug. The Blueprint focuses on areas where Congress could act to support restaurants of every size and operational model in communities across the country.

With ordering online continuing to remain popular, DoorDash has announced it is partnering with regional grocers across the country to offer on-demand grocery delivery.

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Restaurants and bars can continue to operate outdoors if possible. Without a broad stimulus deal, President Donald Trump Friday threatened to issue several executive orders aimed at helping the economy but none of them would extend the small business loan program. In other news, DoorDash has again expanded its platform, this time beyond restaurant meal deliveries with the launch of its own convenience store, DashMart.

This comes almost a week after PPP applications closed to new applicants on August 8. As the PPP expiration date nears, many senators on both sides of the aisle have spoken out requesting additional funds from the government. Discussions continue between The White House and congressional leaders, who are aiming to pass another stimulus bill by the end of July. The analysis also reveals that businesses in the Northeast and Upper Midwest received the highest loan amount per capita. Currently, the program is slated to end Oct. A bipartisan coalition of senators and CEOs from top companies, like Walmart, Microsoft and Marriott International, are demanding that the economic relief bill being debated by Congress include more generous long-term loans offered to 24hr Fitness Hayward Blue NPC TBack bigger population of not just small businesses, but also midsize companies.

With ongoing discussions about third-party delivery service commission costs, we expect to see a lot more restaurants offering direct delivery through their own app as well as improving their loyalty programs. New York has suspended the liquor s of nearly bars for violating the orders set in place, making for a dreary outlook on the chance of indoor dining opening in New York City this fall. White Castle announced a collaboration with California-based Miso Robotics to test a robotic chef in one of their Chicago units — a response to the pandemic whose may pave the way for more automation in the restaurant industry.

Lawmakers continue to work to pass legislation that makes Paycheck Protection Program funds available to eligible businesses through at least the end of this year, and authorize a second round of forgivable loans to the businesses most severely impacted by the pandemic. Additionally, as off premise orders continue to be a huge way for restaurants to bring in revenue at this time, 12 new virtual brands have been established across the country from companies including Brinker International.

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The one-stop shopping platform, located within the DoorDash app, provides doorstep delivery of household essentials ranging from laundry detergent to pantry goods from restaurants like Cheesecake Factory in 30 minutes. Layoffs are beginning to spike again across the country. SUMMARY: Industry analysts and restructuring experts predict another wave of restaurant bankruptcies will occur as government funds run out and colder months approach, making outdoor dining less viable.

Carolyn Maloney D. The New York City Hospitality Alliance held a press conference and threatened to sue the city over the indoor dining ban. And the only way we can get any of this done is to come up with a proposal that Republicans and Democrats can agree on.

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SUMMARY: New York City is set to begin its phase four reopening Monday, which would allow malls and cultural institutions to reopen, but indoor operations including restaurants and bars will remain closed. Smaller counties in California have higher likelihoods of opening indoor dining sooner; Los Angeles and surrounding counties, for example, as well as most of the San Francisco Bay Area remained closed for dine-in.

The of new unemployment claims rose last week for the first time since March as coronavirus cases soar, spurring cities and states to backtrack on re-openings only a month after appearing to turn the corner. Our goal is to share information and best practices that our industry can collectively leverage to prepare for the future.

The proposal is also expected to include money for education and testing. There is bipartisan sentiment to extend the program in a way that helps even smaller businesses survive but there is disagreement over exactly how to do that. An eligible business may receive only one grant. SUMMARY: Some fast-food chains are now seeing boosted profits back to where they were before the health crisis as they continuously respond to changing consumer tastes during the pandemic, with efforts including expanding takeout and drive-through businesses as well as delivery services.

Separately, Governor Phil Murphy of New Jersey has announced that his state is still not close to allowing indoor dining at restaurants based on the current risks it presents. SUMMARY: Restaurant brands are continuing to increase focus on diversity and inclusion initiatives with several companies taking new steps to support and promote diversity.

The Energize Colorado Gap Fund will be open to businesses with fewer than 25 employees and will place an emphasis on minority, women and veteran-owned firms as well as those in rural communities, Polis said during a briefing on the pandemic.

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This spike caused California Gov. Gavin Newsom to order all counties in the state to close indoor operations for a handful of businesses, including restaurants, bars, movie theaters and museums. While some items may return, some restaurant chains might be using this as an opportunity to permanently alter their menus.

Additionally, businesses who received a PPP loan during the first round can also be eligible for the second round. Discussions on Capitol Hill about refashioning the PPP program have stalled amid a larger stalemate between congressional leaders and the White House over another round of stimulus relief.

Colorado small businesses suffering from the effects of the coronavirus will be able to apply for grants and loans under a new state program, Gov. Jared Polis said Wednesday. Both extensions will last until 90 days after restaurants are allowed to dine-in at full capacity. This is currently one of the most notable recent sales surges in the restaurant industry, with the company stating that it has seen sales triple since first shuttering their doors, attributing much of the success in recent months to investments in digital operations — investments that will undoubtedly continue to pay dividends as the restaurant industry at large continues to navigate the pandemic.

Back to Punchh Insights. The aggregated report shows revenue for the top companies fell by nearly half in their latest completed fiscal years — even before the impact of the coronavirus pandemic was felt by most. Fiesta Restaurant Group, based in Dallas, has once again closed its ly opened dining rooms for a of its restaurants as Texas continues to see record-breaking infection s — a move that may become more common if states continue facing difficulty in containing and controlling the spread of the pandemic within their borders.