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.
For more information visit https://www.iowaeda.com/UserDocs/FS_12521RestAndBarRelief.pdf