Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

New York City restaurant fund ties COVID relief to wage increases

ImpactAlpha, June 23 – New York City’s $3 million Restaurant Revitalization Program is offering grants to 100 family-run restaurants as restaurants get back up and running. The terms: the restaurants must use the funds to hire (or re-hire) and pay workers $20 per hour for six weeks. They must also commit to paying $15-per-hour wages for all employees within five years, including staff that largely rely on tips. Grant recipients will be required to report on staff wages annually.

The fund is a collaboration between New York City and One Fair WageThe model is based on High Road Kitchens, a program One Fair Wage supported in California.

You might also like...