TOMORROW AT 11:30 AM ET: Rep. Earl Blumenauer and Independent Restaurant Coalition Unveil New Data on Economic Impact of COVID-19 on Restaurants
Rep. Earl Blumenauer (D-OR 3) and Chefs Katie Button (NC), Gregory Gourdet (OR), and Dan Wu (KY) Will Discuss Report Finding 85% of Independent Restaurants and Bars Remain in Danger of Closing Permanently
Fastenal: Why Being Cheap Works As a Business Strategy
Fastenal is one of the best-performing stocks of the past decade. Since the beginning of January 2010, shares in the industrial distribution company have yielded an average annual return of 16%, turning every $10,000 invested into $44,264. Q2 2020 hedge fund letters, conferences and more In many ways, Fastenal is not the sort of business Read More
Report Also Discusses Benefits of Forthcoming Legislation to Create an Independent Restaurant Stabilization Fund
Press Dial-in: (833) 756-7475; Conference ID: 6353707
The Impact Of The COVID-19 Pandemic On Restaurants
WASHINGTON, D.C. — Tomorrow, June 10 at 11:30 a.m. ET Rep. Earl Blumenauer (D-OR) will join members of the Independent Restaurant Coalition (IRC) to unveil the findings of a new report on the devastation wrought on the independent restaurant industry by the COVID-19 pandemic. Up to 85% of small restaurants and bars remain in danger of closing due to the pandemic, and the chefs will explain why an Independent Restaurant Stabilization Fund is necessary to help survive the crisis. Rep. Blumenauer will be joined by IRC chefs Katie Button (Asheville, NC), Gregory Gourdet (Portland, OR) and Dan Wu (Lexington, KY). The economic report (developed by Compass Lexecon) will be released and made public on the IRC’s website immediately following the briefing call.
Rep. Earl Blumenauer recently unveiled a plan for the “RESTAURANTS Act,” which would establish a $120 billion stabilization fund for independent restaurants and bars. This fund aims to help restaurants suffering from the economic devastation of the COVID-19 pandemic, which will persist despite recent fixes to the Paycheck Protection Program signed into law last week.
Briefing Call Details
WHO: Rep. Earl Blumeanuer (Portland, OR) — Member of Congress representing Oregon’s 3rd District, author of the RESTAURANTS Act, which would establish a $120 billion stabilization fund for independent restaurants.
Katie Button (Asheville, NC) – IRC member and owner of Cúrate Tapas Bar and Button & Co. Bagels.
Gregory Gourdet (Portland, OR) – IRC member and executive chef and culinary director of Departure at The Nines.
Dan Wu (Lexington, KY) – IRC member and owner of Atomic Ramen.
WHAT: National briefing call to release findings of a new economic report and discuss the impact of the pandemic on restaurants and what’s needed to survive the crisis.
WHEN: TOMORROW: Wednesday, June 10 at 11:30 a.m. ET
WHERE: Press Dial-in: (833) 756-7475; Conference ID: 6353707
The Independent Restaurant Coalition was formed by chefs and independent restaurant owners across the country.