Uber and Visa Team Up for Restaurant Business Grant Program

Uber and Visa have announced a new small business grant program to support independent restaurants in 10 cities.

Grants for Growth offers $1 million, distributed in grants ranging from $10,000 to 100 merchants. To qualify, businesses must be active on Uber Eats as of January 1, 2022. Restaurants and food businesses must not be associated with a national brand, have fewer than five locations, 50 or fewer employees per location, and total annual revenue less than $3 million per site as of 2019.

In addition, the program focuses on companies in the following cities:

  • Atlanta
  • Chicago
  • Angels
  • Washington DC
  • Miami
  • Detroit
  • New York City Metro / New Jersey
  • San Francisco / Bay Area
  • Philadelphia
  • Boston

The Local Initiatives Support Foundation (LISC), a non-profit community development organization, will evaluate the applications and select the beneficiaries. The program prioritizes veteran-owned businesses, women, LGBTQIA+ and minority entrepreneurs.

Uber and Visa Restaurant Business Scholarship Program

Grant recipients can use grant money to meet immediate needs such as payroll, vendor payments, rent and utilities, payment technology upgrades, and operating expenses. In addition to grant money, Uber and LISC offer additional benefits to select restaurants. These guidelines include disaster recovery, resilience, and prioritization in the Uber Eats app.

The overall goal of the program is to support the independent food business, which has suffered more than most industries over the past two years. Even after lockdowns and lockdowns were lifted in most parts of the country, new conflicts have emerged. According to the State of the Restaurant Industry 2021 report from the National Restaurant Association, the biggest hurdles include finding and retaining employees, absorbing high food prices, and navigating slow in-person visits. While grant money may not permanently solve all of these problems, programs like this one can at least help more independent companies stay afloat while finding solutions.

“We know that this year many have been trying and that independently owned companies continue to face significant business challenges,” Sarfraz Maridia, Vice President of US and Canada Delivery at Uber, said in a statement. From natural disasters to the impact of the COVID-19 pandemic, Uber and Visa are committed Supporting SMEs, especially through unexpected events, when they need us most.”

Interested companies can apply for grants online. Applications will be available on the LISC website between January 17 and 24. You can also sign up starting January 10 to be notified exactly when apps open. According to LISC, it should take less than an hour to complete an application.

More information about business grants:

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