Some of the most expensive tasting menus in the country, the highest-funded restaurant groups, and the most ubiquitous chains – including Momofuku, Masa, and Panera Bread – were among the New York establishments that served millions of the Restaurant Revitalization Fund, the central US lifeline for the devastated hotel industry. The $ 28.6 billion fund, now depleted, also made grants to numerous smaller, cashless venues – but shut out nearly two-thirds of local customers.
These are the key takeaways from the great of Small Business Administration Administration Freedom of Information Act Published last week detailing which bars and restaurants were funded.
The SBA receive more than 27,000 applications from across New York state for $ 9.63 billion in funding; The agency was able to fulfill almost 9,800 of these inquiries and spend 3.6 billion US dollars in funding.
Grants are designed to offset a restaurant’s full pandemic losses, up to $ 5 million for a single venue or up to $ 10 million for a restaurant group with fewer than 20 locations.
Among the greatest New York recipients: Lucky Strike, a California-based bowling alley chain with a temporarily closed location on 42nd Street, received $ 10 million, as did Sweet Hospitality, which awards Broadway theater concessions. A popular burger and oyster spot, PJ Clarke’s also split $ 10 million across multiple locations. And David Chang’s Momofuku, backed by billionaire RSE Ventures, received $ 6.8 million for restaurants in New York, Las Vegas and Los Angeles, an amount that “doesn’t even cover our losses,” according to a spokesman for Momofuku.
Mighty Quinn’s, a renowned barbecue chain, received $ 5.8 million each Nation’s restaurant news. Masa, the most expensive sushi place in the country, received $ 5 million, as did the Peter Luger and Sparks steakhouses, the New Wonjo and Jongro Korean grills on 32nd Street, the food and drink at the William Vale Hotel in Williamsburg, old-fashioned The Chinese Shun Lee West gourmet palace and the classy Milos fish shop in Hudson Yards.
Gabriel Kreuther, who runs one of the best restaurants in town with the same name, received $ 4.8 million, while Ilili, the celebrated Lebanese spot, received just over $ 4 million. “Top Chef” judge Tom Colicchio received $ 2 million for his Small Batch restaurant on Long Island, while the sandwich chain ‘Wichcraft received just over $ 3 million. Other notable recipients include Sardi ($ 4.5 million), Misi ($ 3.54 million), the Uncle Boons people ($ 3 million), Cote ($ 2.84 million), Junoon ($ 2.81 million), Atomix and Atoboy ($ 1.87 million), and Llama San ($ 1.67 million).
Temporarily closed operations are still eligible, which explains why Gabrielle Hamilton’s Prune received just under $ 2 million. Permanently closed facilities, on the other hand, are ineligible, calling into question the nearly $ 4 million grant to Smith’s in Times Square.
Overall, 39 percent of the dollars nationwide went to restaurants receiving money between $ 1 million and $ 10 million, but the average loan size was closer to $ 283,000. Accordingly, some smaller New York spots were also funded, including the West African-influenced Teranga (US $ 334,000), Peppa’s Jerk Chicken (US $ 307,000), the Sichuan noodle shop Chong Qing Xiao Mian (US $ 197,000) and the Pizzeria Corner Slice ($ 14,000).
Publicly traded businesses were ineligible, but franchise owners were able to apply, which explains why one of the state’s largest awards of $ 6.72 million went to the owner of a local group of Panera Bread Stores. A White Plains Buffalo Wild Wings received $ 3.26 million while a McDonald’s in Flushing received $ 602,000. All in all, fast food restaurants across the state grossed well over $ 10 million.
Amanda Cohen of Dirt Candy, a founding member of the Independent Restaurant Coalition, which campaigned to create the restaurant fund, was among those left behind in the funding process. Cohen told FSR magazine this week that it has never been this close to closing. Rawlston Williams, whose tiny Caribbean-themed meal sermon also failed to receive a scholarship, told Eater his restaurant will have to close if “things go on as they are.”
The Restaurant Revitalization Fund initially prioritized small business owners who were women, veterans, or socially disadvantaged groups, but over 2,900 venues that have received grants have funded their funding after lawsuits from. not received MAGA-oriented groups claims the prioritization is discriminatory.
Congress has passed a law that will allow the fund with $ 60 billionalthough it will be difficult for any type of fast passage as both chambers turn their attention to massive infrastructure laws.
Below is a select list of local restaurants that have received more than $ 1 million in grants.
- Lucky Strike: $ 10 million (temporarily closed location in Hell’s Kitchen)
- Sweet hospitality: $ 10 million
- PJ Clarkes: $ 10 million (multiple locations)
- It eats (57th Street and 23rd Street locations): $ 8.12 million
- Momofuku restaurant group: $ 6.8 million.
- Take the bread home with you: $ 6.72 million (operator of Panera Bread sites in the Bronx and Hudson Valley)
- Mighty Quinn’s Barbecue (four locations): $ 5.8 million
- Time: $ 5 million
- Amy’s bread: $ 5.29 million
- Mulberry & Wine (BCJR): $ 5.36 million
- Milos Hudson Yards: $ 5 million
- Keens Steakhouse: $ 5 million
- Wan Hao Restaurant Inc: $ 5 million
- William Vale Hotel: $ 5 million
- Peter Luger: $ 5 million
- Sparks Steakhouse: $ 5 million
- Benjamin Steakhouse: $ 5 million
- River café: $ 5 million
- Sarabeths: $ 5 million
- Koi: $ 5 million
- New wonjo: $ 5 million
- Jongro: $ 5 million
- Iridium Restaurant & Jazz Club: $ 5 million
- Jing Fong: $ 5 million
- Sea fire grill: $ 5 million
- Pershing Square: $ 5 million
- Shun Lee West: $ 5 million
- Gabriel Kreuther: $ 4.87 million
- Katiroll company: $ 4.71 million
- Sardis: $ 4.5 million
- Bounce sports club: $ 4.4 million
- Global cuisine: $ 4.34 million
- Ilili: $ 4.16 million
- Federico’s Restaurant: $ 4.09 million
- Smith’s Bar (permanently closed): $ 3.99 million
- Spring Shabu Shabu: $ 3.94 million
- Homestead Steakhouse: $ 3.6 million
- Mission: $ 3.54 million
- Jin Go Jae: $ 3.34 million
- Robertas: $ 3.24 million
- Royal Palms Shuffleboard: $ 3.24 million
- Sophie’s Cuban (three locations): $ 3.1 million
- Uncle Boons LLC: $ 3.08 million
- Blue hill (75 Washington Place): $ 3.02 million
- Wichcraft Management LLC: $ 3.01 million
- Scotto fresco: $ 2.92 million
- Cake rules everything around me LLC: $ 2.87 million
- Cote: $ 2.84 million
- The food hole: $ 2.82 million
- June: $ 2.81 million
- Golden unicorn: $ 2.64 million
- Mondrian-Park-Allee: $ 2.5 million
- Small series: $ 2.09 million
- Jungsik: $ 1.9 million
- Plum: $ 1.91 million
- Atomix & Atoboy: $ 1.87 million
- Goldbar: $ 1.68 million
- Flame Saint: $ 1.67 million
- Corner bistro: $ 1.66 million
- The Wolverine: $ 1.59 million
- Tribeca kitchen: $ 1.52 million
- Guantanamera: $ 1.49 million
- Luoyang uncle: $ 1.48 million (permanently closed)
- Don Antonio: $ 1.48 million
- Serafina Tribeca: $ 1.24 million
- Pig & Khao: $ 1.16 million
- Lan Sheng: $ 1.13 million
- Nom Wah: $ 1.1 million
- The butcher’s daughter: $ 1.09 million
- Hundred fires: $ 1.05 million
- Fat radish: $ 1.05 million
Disclosure: David Chang produces shows for Hulu in partnership with Vox Media Studios, part of Eater’s parent company Vox Media. No Eater employee is involved in the production of these shows, and this does not affect any coverage of Eater.