Governor Reynolds has allocated $40 million in federal CARES Act funds to provide financial relief for eligible restaurants and bars that were impacted during the COVID-19 pandemic.
The Iowa Restaurant and Bar Relief Program will assist many Iowa establishments that were among the most directly and hardest hit by the COVID-19 pandemic and associated closures and mitigation efforts.
The program may assist eligible businesses that experienced a decrease in gross sales of at least 15% during the second and third quarters of 2020, (April 1- Sept. 30), compared to the same time the previous year, as evidenced by the Iowa Sales/Retailer’s Use Tax and Surcharge Return.
Grant award amounts will be determined using a tiered system based on the percent of gross sales loss. Award tiers will be used with a maximum award amount of $25,000.
The online application will be available at iowabusinessrecovery.com beginning Monday, Feb. 1 at 12:00 p.m. (noon) and will close on Monday, Feb. 15 at 5:00 p.m. All applications submitted within that period will be considered for an award. Please note that the program is NOT first come, first served.Click here for more information
View the webinar hosted by the Iowa Restaurant Association regarding the application process.