New Iowa Restaurant and Bar Relief Grant Program
Posted
on Friday, February 5, 2021
in
News and Announcements
New Iowa Restaurant and Bar Relief Grant Program
Governor Reynolds allocated $40 million in federal CARES Act funds to provide financial relief for eligible restaurants and bars impacted during the COVID-19 pandemic due to closures and other mitigation efforts.
The Iowa Restaurant and Bar Relief 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- September 30), compared to the same time the previous year.
Grant award amounts will be determined by 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.
How Do I Apply?
Applicants are required to complete the pre-application screening below. Upon successful completion of this screening checklist, the applicant will be provided with the link to the full application. Click here for the Pre-Application Checklist.
Eligible Businesses
- Full-Service Restaurant
- Bar
- Brewery
- Brewpub
- Distillery
- Winery
Ineligible Businesses
- Businesses that do not meet the eligibility criteria listed
- Businesses that are a part of a national chain or franchise that has a total of 20 or more locations doing business under the same name, regardless of the type of ownership.
- Establishments providing adult entertainment, per Iowa Code 239B.5, subsection 4, paragraph “a”.
Application Period
The online application will be available at iowabusinessrecovery.com beginning February 1 at 12:00 p.m. (noon) to Monday, February 15 at 5:00 p.m. All applications submitted within that period will be considered for an award.
Required Documents
The applicant must have all required, applicable information available and prepared prior to starting the application.
Gross sales for the periods listed below as evidenced on Line 1 of your tax filings. (Iowa Sales/Retailer’s Use Tax and Surcharge Return):
- April-June 2019
- July-Sept. 2019
- April-June 2020
- July-Sept. 2020
- Liquor/Beer/Wine License or Permit
- Food Service Establishment License Number
- Iowa Sales Tax Permit Number
- Iowa Withholding Tax Permit Number
- Tax Identification Number (TIN)
For more information on the Restaurant and Bar Relief Grant Program click here.
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.