FRANKFORT, Ky. (LEX 18) — The Team Kentucky Food and Beverage Fund is now accepting applications, Gov. Andy Beshear announced during his Monday press conference.
The $40 million dollar fund has been designed to provide one-time grant awards of up to $10,000 per restaurant or bar, with a maximum of $20,000 to a business entity that operates multiple restaurants and bars. These grants are to be used as a reimbursement for business expenses incurred between March 6 and Dec. 31, 2020.
The fund comes after Gov. Beshear ordered bars and restaurants in Kentucky to close indoor dining on Nov. 18.
As of 4 p.m. on Monday, over 2,000 applications had been submitted.
"They requested several million dollars, but nowhere near the amount we have reserved," Gov. Beshear said. "So what that means is others need to get on and apply for this. We want to help out everybody who qualifies, and there is certainly the funding there."
Reimbursable expenses include items like: rent, employee salaries, health insurance costs, inventory and personal protective equipment.
"I know it doesn't come nearly close to making those establishments whole, but if you qualify, make sure you take advantage of this program," Gov. Beshear said. "The faster you apply, the faster we can get you that help."