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SBA Program Helps to Revitalize Restaurants in Houston

Over 1,900 Local Businesses Awarded $498 Million in Grant Funding
Release Date: 
Monday, July 26, 2021
Release Number: 
21-10
Contact: 
Abigail.gonzalez@sba.gov

SBA Program Helps to Revitalize Restaurants in Houston

Over 1,900 Local Businesses Awarded $498 Million in Grant Funding

 

HOUSTON – The $28.6 billion Restaurant Revitalization Fund provided much-needed relief to an industry that saw the negative impacts of the pandemic early on. Restaurants, bars, food trucks, and other food establishments were able to access grant funding to cover certain expenses like payroll and rent through the SBA program. In Houston, over 1,900 businesses received funding totaling more than $498 million with an average award amount of $258K.

 

“The injection of $498 million from the Restaurant Revitalization Fund has helped to uplift an industry that generates billions of dollars to the Houston economy every year. With its closure, the SBA will continue to connect small business owners with resources to help them stabilize, recover, and overcome pandemic-related loss”, said District Director Tim Jeffcoat.  

 

After eleven years in business, Kristy Petty, owner of The Village Downtown in Bryan-College Station, was working to expand her business when the pandemic restrictions began. “Because of the funding I received from the Restaurant Revitalization Fund, I was able to retain my key employees, shift my brunch business to a family meal program, and ride out the pandemic. I am now back on track for my expansion and have the SBA to thank for not losing over a decade of hard work,” said Petty.

 

Businesses can continue to access free business advising through the SBA Resource Partner network, which includes the Texas Gulf Coast Small Business Development Center network, SCORE Houston, the WBEA-Women’s Business Center, and the Greater Houston Women’s Chamber of Commerce Women’s Business Center. Resource Partners can assist entrepreneurs with a range of business planning topics, including hiring employees, refining marketing strategies, and accessing business funding.

 

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About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. 

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