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Hard-hit small businesses get another lifeline from Restaurant Revitalization Fund

Following the news that the Paycheck Protection Program had run out of funding and stopped accepting most new applications, the White House unveiled data for its $28.6 billion Restaurant Revitalization Fund (RRF), which it said saw “extremely high demand.”

Why it matters: Small businesses play an important role in the U.S. economy and many, especially those in the services sector like restaurants and bars, are still struggling with a disproportionate number forced to close for good because of revenue losses from the pandemic.

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