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With the recent publication of the $ 28.6 billion round of COVID-19 aid funding from the Restaurant Revitalization Act, Texas restaurants and bars received over $ 1 billion in aid, according to new data from the US Small Business Administration. Of this, about 556 grants went to Austin restaurants, with amounts ranging from over $ 8 million to just $ 1,553. Which restaurants in Austin have the most money?
This third round of funding is part of the American Rescue Plan’s Stimulus Act, which went into effect in March 2021 Money. The US Small Business Administration, the government agency overseeing the program, received 18,461 applications for grants from Texas restaurants and approved only 6,406 grants for a total of $ 1,674,864,564 – an acceptance rate of about 35 percent. The grants are not required to be repaid by restaurant owners if they are used for qualifying expenses by March 2023.
The recipient of the largest Austin grant was Texas Restaurant Group Inc. – a Panera Bread franchisee. The expected local large restaurant groups also appear: McGuire Moorman received $ 3 million for Lambert’s and $ 1.6 million for his other restaurants; New Waterloo (which also includes La Condesa) received $ 2.6 million; and Kung Fu Saloon got together $ 3.6 million. There are also several restaurants with caterers, such as Contigo and the Peached Tortilla, which makes sense since the events have been suspended.
Another recipient was Spin Austin LLC – the local location of the national ping pong bar chain Spin. It turns out that the bar closed sometime in the second half of 2020 and its parent company sold its stake in the Austin location in early January. “Spin no longer has any ownership or financial interest in this company or location and the name Spin will no longer be used in connection with the business,” co-founder Andrew Gordon told Eater. This means that the new owners – one of them is Andy Hersch – applied for the pandemic grants this year. Hersch seems to be planning to reopen the address as a non-affiliated ping pong club. Eater has reached out to the new owners for more information.
The Restaurant Revitalization Fund should give priority to funding businesses owned by women, veterans, and people from economically and socially disadvantaged groups who have missed previous rounds of financial assistance by allowing a 21-day application period for those groups only. However, white restaurateurs sued, claiming the policy was discriminatory.
Here’s a look at the companies in the Austin area that have received over $ 1 million in grants and the total amount they received. The full list can be found online.
- Texas Restaurant Group Inc. (Panera Bread), $ 8,482,166.00
- BBQ 512 LLC (Coopers Old Time Pit Bar-B-Que), $ 4,058,430.50
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Tacodeli Holdings Inc., $ 3,816,748.00
- Pok-e-Jo’s Smokehouse Inc, $ 3,650,193.00
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Lamberts Downtown Barbecue LTD (also part of the McGuire Moorman Group), $ 3,121,377.50
- Maggie Mae’s – A British Pub Inc., $ 2,759,847.00
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Container Bar LP, $ 2,713,417.00
- Bezella Enterprises LLC (Golden Corral Franchise), $ 2,700,724.00
- Icon Group Holdings LLC (New Waterloo, which includes La Condesa, Sway, etc.), $ 2,593,698.00
- Spin Austin LLC, $ 2,569,177.00
- From Rigor LLC (Roosevelt Room, The Eleanor), $ 2,532,502.92
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Contigo Catering LLC, $ 2,401,276.93
- Crave This Inc. (Crave Catering), $ 2,342,872.00
- Domain Guys LLC (Kung Fu Saloon, Domain), $ 2,305,334.00
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Quality Seafood Inc., $ 2,006,962.04
- 3 Doost Inc. (Lucilles), $ 1,855,130.36
- Redrum Bar LLC (Green Light Social), $ 1,837,360.00
- American Cuisines Inc. (Manuel’s) $ 1,833,719.00
- Campus Cafe Associates Ltd., $ 1,827,746.00
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The Peached Tortilla Mobile LLC, $ 1,802,639.00
- 616 Restaurant Inc (Ranch 616), $ 1,697,033.00
- MJUAREZ Enterprises LLC, $ 1,653,196.00
- New Jeffreys Restaurant Group LLC (also part of the McGuire Moorman Group), $ 1,625,606.00
- Zenith Cafe Corporation (Chez Zee), $ 1,584,801.00
- Amnet Food Services LLC (Agave Sports Bar), $ 1,503,788.04
- Ji Xing Restaurant Inc (Fujian Grand China Buffet), $ 1,445,853.00
- Svalto LP (Handlebar), $ 1,412,765.00
- Gilmass Jamuley LLC (Odd Duck), $ 1,381,786.00
- Kun Fu Inc (Buffet King), $ 1,373,611.00
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Pharmacy on Hillside, $ 1,371,501.00
- Dandelion Cafe LLC (Blue Dahlia; while the Central East Austin location closed last year, Bee Cave and San Marcos restaurants are still open), $ 1,348,361.00
- West Guys LLC (Kung Fu Saloon West Sixth), $ 1,344,378.00
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Iron Works Barbecue Inc., $ 1,284,965.00
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Lavaca Street Grill LLC, $ 1,268,381.00
- 92 Rainey Group LLC (Bungalow), $ 1,236,184.66
- Three’s Company LLC (Volstead), $ 1,229,162.31
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Bouldin Creek Cafe LLC, $ 1,219,180.00
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Dining Room LLC, $ 1,209,031.16
- Nineteen Thirty Seven Group Inc (Justine’s), $ 1,180,689.00
- Creative Foods LLC (chains including Texas Land & Cattle), $ 1,152,517.00
- Wills Cookie Stores Ltd, $ 1,132,973.00
- Big Horn Saloon LLC (living room), $ 1,125,763.55
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Launderette Cafe LLC, $ 1,114,805.00
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Musashino Sushi Dokoro Inc., $ 1,111,090.00
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Black Sheep Lodge LTD, $ 1,065,429.00
- Catering from Baby Acapulco Inc., $ 1,045,873.00
- Louis and Claire Concessions LLC, $ 1,031,724.59
- Saddles Blazin LLC (Blaze Pizza), $ 1,030,783.00
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Stiles Switch LLC, $ 1,010,986.00
- 2310 Manor Rd LLC (Heumacher), $ 1,010,853.00
With additional reporting from Nadia Chaudhury.
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