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Andy Meek
Guest
The new stimulus check train just keeps rolling along.
Just days after we noted that the IRS has now sent out the eighth batch of $1,400 stimulus checks -- totaling 1.1 million new payments -- as part of the $1.9 trillion coronavirus relief bill that President Biden signed in March, the president on Monday announced that a whole new batch of stimulus checks has now started to go out to a very specific group of recipients. They are the restaurants that have been "hard-hit" by the coronavirus pandemic, with the administration confirming those new relief payments started going out on Monday. It's money that is part of a $28.6 billion pool of financial aid called the Restaurant Revitalization Fund, which itself was made possible by the $1.9 trillion American Rescue Plan. Also important to mention is that this money is a grant, not a loan -- so, for example, it's distinct from the Trump administration's Paycheck Protection Program, which facilitated emergency loans to businesses.
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The Biden administration has started sending out stimulus checks to restaurants originally appeared on BGR.com on Mon, 10 May 2021 at 18:03:01 EDT. Please see our terms for use of feeds.
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