Unwrapping the New Stimulus Bill for Food, Beverage and Hospitality Companies

The food, beverage and hospitality industry has been one of the hardest-hit by economic fallout from the coronavirus. In 2020, a resounding 17% of U.S. restaurants were “closed permanently or long-term.” In November, the American Hotel & Lodging Association reported that 71% of hotels would not survive another 6 months without further federal assistance given current and projected travel demand.

For businesses managing to stay afloat, the long-delayed, $2.3 trillion coronavirus relief package has been highly anticipated. Included in this 5,593-page legislation is $285 billion reserved for supporting small businesses. 

Join Ervin Cohen & Jessup for a 30-minute live webinar on what the $2.3 trillion package and the amended Paycheck Protection Program (“PPP”) mean for the food, beverage and hospitality industry, including:

• Second Draw Loans;
• Forgivable Expenses;
• The Covered Period;
• Simplified Forgiveness Applications; and
• Business Meals Deductions.

While the discussion will delve into each of these topics, be sure to read our recent blog post for an overview of these changes.

We encourage all attendees to submit questions when they register so we can be sure to cover the topics that are important to you!

Wednesday, February 3, 2021
9:30am - 10:00am