A new survey finds that 40% of independent restaurant owners were unable to pay the rent in February, up from 38% in January, but lower than the 2022 high of 52% in December.
Consumer spending in January was up across every industry, and restaurant spending was especially robust – up 7.2% versus December.
As rent delinquencies remain high across several markets, some experts suggest taking a different approach to lease negotiations.
The RRF tax credit bill was introduced at the end of 2022, and now Sens. Cardin, Brown, Murray are reupping efforts to get it pushed through
The program will use profits for causes supporting workers’ wages and benefits