23 Mar Save our Restaurants – Sign the Petitions
Economy Stands to Lose 4% GDP Without Immediate Assistance to Local Restaurants
The Restaurant Industry will be one of the hardest hit by the economic shutdown from the COVID-19 pandemic. The industry employs over 13 million people across the country, and indirectly employs hundreds of million of workers up and down the food supply and delivery chain — from growers, packers, fisherman, linen services, delivery people and more — who depend on the continued revenue of restaurants to stay in business.
The restaurant industry contributes $1 trillion to the America economy, and represents 4% of the GDP. The COVID-19 pandemic has closed thousands of businesses nationwide and up to seven million people have been laid off, and millions of our suppliers will have their bills go unpaid, creating an unprecedented trickle down effect of economic damage to local restaurants and the small businesses that rely on them.
The restaurant industry is seeking your help. Please sign the two petitions below to inform Congress to act now to SAVE OUR RESTAURANTS.
- Restaurants generate $880 Billion per year in revenue.
- 90% of that revenue gets paid out directly to employees, suppliers, and for rent.
- The economic activity generated by restaurants account for 4% of the nation’s GDP.
- The federal government can use the restaurant industry’s existing systems to administer aid across the many concomitant businesses that rely upon us to stay afloat.