The grants are available to bars and restaurants that saw sales slump in the second and third quarters of 2020 compared to the year before.
“The one-time grants are intended to assist with short-term cash flow and award amounts, up to $25,000 will be tiered based on lost sales,” Governor Kim Reynolds says, “…to help them recover, bring their employees back to work and to keep their doors open.”
The state began accepting applications at noon yesterday. The deadline for making an application is Monday, February 15 at 5 p.m. According to the Iowa Restaurant Association, total sales at the bars, taverns and restaurants in Iowa dropped by 33% in 2020 compared to 2019. Forty-one percent of those business owners expected to close before this summer if they can’t get additional relief from the state and federal government.