About $40 million will be distributed as one-time grants to Iowa bars and restaurants that suffered drops in revenue last year because of the coronavirus pandemic, Gov. Kim Reynolds announced this morning.
The grant program will give up to $25,000 to more than 1,600 bars and restaurants in an effort to limit layoffs and business closures. The amount of assistance will depend on sales losses in the second and third quarters of 2020, Reynolds said.
More information about how to apply is set to be released next week. The application period will run from Feb. 1 to 15.