This week on Extra Serving, a Nation’s Restaurant News podcast, NRN editors Holly Petre, Sam Oches and Bret Thorn discussed the news that the Small Business Administration had $180 million in undistributed Restaurant Revitalization Fund money left.
The National Restaurant Association revealed this money in a letter to the SBA asking for it to be distributed to restaurants after a June report released in July showed that the government agency still had money left to distribute. The team discussed what this could mean for restaurants.
Also, the team discussed menu price hikes. Two of the largest chains — McDonald’s and Chipotle — announced they would be raising menu prices as part of their Q2 earnings. With inflation still on the rise, the team discussed what this impact could have on customers and how this will impact sales.
This week’s interview is Anita Adams, CEO of Black Bear Diner, who spoke with Ron Ruggless about the chain’s growth plans.