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Posted by Ty West | Cleveland Business Journal

Companies in priority groups accounted for nearly 72% of the 101,004 grants approved by the Restaurant Revitalization Fund.

The groups, which include minority-owned, women and veteran-owned businesses, received 72,568 grants totaling $ 17.9 billion.

Funding granted to the groups represents 63% of the $ 28.6 billion approved in the Covid-19 aid program, which is designed to provide additional funding to the hardest-hit industry to complement the Paycheck Protection Program and Credit For Economic Injury initiatives.

Read the full story on cleveland.com’s sister site, the Cleveland Business Journal.

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