Specialty Food Magazine


Specialty Food Magazine is the leading publication for retailers, manufacturers and foodservice professionals in the specialty food trade. It provides news, trends and business-building insights that help readers keep their businesses competitive.

Issue link: https://www.e-digitaleditions.com/i/1357069

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Page 47 of 48

SPRING SPRING The primary zip code of Manhattan's Chinatown, which was omitted from eligibility for a Small Business Administration loan program for NYC's hardest-hit minority business neighborhoods—despite being touted in the marketing, according to Grace Young, a James Beard Award-winning cookbook author, who has chronicled the effects of the pandemic on NYC's Chinatown. 10013 Foodservice sales for 2021, according to the National Restaurant Association's projection. This would represent an 11 percent increase from last year. $ 731 billion by the numbers This issue of Specialty Food takes a deep dive into the e‡ects of COVID-19 on one of the hardest-hit industries, as well as its prospects for the future. Here are some facts and figures from this foodservice-themed issue. The cost of the Restaurant Revitalization Fund, part of President Biden's American Rescue Plan Act. As part of the fund, restaurant owners with 20 or fewer locations can apply for tax-free grants of up to $5 million per location, or up to $10 million for multi-location operations. $ 28.6 billion 16 years The average age of the more than 1,000 restaurants in New York City that had to permanently close since the state-mandated lockdown in March 2020 due to the COVID-19 pandemic. The increase in sales of shelf- stable ready-to-drink coffee with CBD in January 2021, compared to the prior year, according to data from Chicago-based SPINS. 154,000 % PHOTO– JIBBY COFFEE

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