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March 31, 2021

Dashy News Brief for Restaurants and Bars - March 30, 2021

A weekly roundup of headlines relevant to restaurants and bars brought to you by Dashy Dash.‍

March 16, 2021‍

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Roundup

1.  PPP loans extended to May 31st . - RestaurantDive: Link

2. New initiative creates opportunity for aspiring Black franchise owners. - FSR: Link

3. Contactless services are here to stay, how can restaurants use these technologies to thrive? - FastCasual: Link

4. New restaurant tipping rules on course for April implementation. -RestaurantDive: Link‍

1.  PPP loans extended to May 31st

On Thursday, the Senate voted 92-7 to extend the Paycheck Protection Program another two months until May 31st. Experts believe this extension will give time to approve close to 200,000 pending applications. Link

‍2.  New initiative creates opportunity for aspiring Black franchise owners. - FSR: Link

The Multicultural Foodservice and Hospitality Alliance (MFHA) has been selected to receive pro bono consulting from the Harvard Business School. In conjunction with 4thMVMT and PepsiCo, MFHA hopes to build a platform that helps those from underserved communities develop and operate competitive hospitality businesses. Link

3. Contactless services are here to stay, how can restaurants use these technologies to thrive? - FastCasual: Link

Menus, QR codes or Tableside Kiosks? Physical Receipts? Air Purification? All of these are the considerations restaurants need to consider when transitioning back to normal service. The only sure thing is that these services are sticking around for good. Link‍

4.  New restaurant tipping rules on course for April implementation. -RestaurantDive: Link

Federal regulations intended to keep managers from receiving tips and allow employers to include previously non-tipped positions in certain tip pools will go into effect on April 30th. Link

About Savor

Savor helps restaurants, restaurant groups, and chains of all types control supply costs with less work.

With Savor restaurants can manage invoices, track product price histories, and drill down into expense categories. We help restaurants...

  • Automatically catch rising prices before they spin out of control
  • Benchmark prices for supplies against those paid by similar restaurants and bars
  • Easily find alternative products and suppliers in their area
  • Capture credits by automatically auditing invoices for errors

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Chris McKinsey
The new kid on the block. Topo Chico Aficionado. Can be found trying to empower local restaurants and bars. “Barbecue may not be the road to world peace, but it’s a good start.” -Bourdain.

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