By Bob Sanders, NH Business Review
Some 418 New Hampshire restaurants will receive a total of more than $90 million through the federal Restaurant Revitalization Fund, an average of $217,000 per establishment, according to U.S. Small Business Administration figures released Tuesday. That’s the good news.
The bad news is that 591 Granite State restaurants that applied for help didn’t receive anything at all, giving the state a grant approval rate of 41.4% – and that’s one of the better rates in the country.
The figures are based on approvals through June 30, shortly before the program stopped accepting applications because it ran out of money.
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