He promoted his plan to help businesses hit by the pandemic
Joe Biden visited a restaurant for the first time on Wednesday as president. He commemorated the Cinco de Mayo venue in Mexico and promoted his government’s initiatives to help hit by the coronavirus pandemic. Such places.
The president visited Las Gemelas taqueria in Washington, and ordered tacos and enchiladas for lunch. The restaurant is partly owned by Mexican immigrants and received financial assistance from the government assistance program. During the pandemic, his salary was reduced from 55 to seven, although he was later able to re-employ some through the salary reduction plan before Biden took office.
On the occasion of the holiday, the President said: “The catering industry has been hit hard throughout the country.” The President commemorates Mexico’s victory over the French army at the Battle of Puebla on May 5, 1862.
The White House reported that the restaurant had helped in the first two days of the program, and it had received orders from 186,200 restaurants, bars and other venues. Women, veterans or low-income people own more than half of the houses. The plan totals 28.6 billion US dollars and is part of a US$1.9 trillion package launched by the government to revitalize the economy after the impact of the pandemic.
The coronavirus outbreak is particularly cruel to restaurants. According to the Department of Labor, 2,700 of them no longer exist in the United States. In addition, 1.8 million jobs related to the department have disappeared, although some have returned since May last year.
Data from Opportunity Insights, a non-governmental organization that monitors economic opportunities, shows that in April 2020, hotel and restaurant spending shrank by 60%. Currently, the contraction rate is 4.5% compared to pre-pandemic levels.
According to Biden’s rescue plan, bars and restaurants will be able to apply for subsidies equal to their total losses in the pandemic. The maximum subsidy for each company is US$10 million, and the maximum subsidy for each company is US$5 million.
The plan provided $9.5 billion for small restaurants and bars, with one-third of the requests coming from businesses that lost less than $500,000 before the pandemic. During the first 21 days of the plan, priority will be given to businesses owned by women, veterans, and people with low socioeconomic status.