Ohio Restaurant Leaders Requesting Federal Support for Business Interruption Insurance

Uncategorized  |  April 12, 2020

Dear President Trump, Leader McConnell, Speaker Pelosi and Ohio Elected Officials:

The restaurant industry is an essential part of the United States of America (“USA”) economy and it is stitched into the fabric of our everyday life. Americans and Ohioans visit restaurants for meals and to celebrate life’s special moments, meet friends, spend time with colleagues and relax at more than 1 million locations around the USA.

Sadly, the COVID-19 crisis is crushing our industry – the second largest private sector employer in America. This is a chosen profession employing more than 15.6 million Americans (585,000 Ohioans) and contributes $1 trillion to the USA economy – about 4% of our nation’s GDP. In Ohio, restaurants generate $25.6 billion in sales and drive the economy with hundreds of support services and firms. Further, restaurants generate 51% of the food dollar in the USA, which is critical to maintain during this crisis when the grocery channel is overburdened.

Our sector is crippled by the nationwide public health shutdown impacting countless livelihoods. Research by the National Restaurant Association and the Ohio Restaurant Association sheds light on the early impact from this crisis:
• USA: More than 3 million restaurant jobs lost since March 1 and $25 billion in sales,
• Ohio: More than 100,000 restaurant jobs lost since March 1 and $698 million in sales.
• More than 40% of restaurants are closed and 3% say the closure is permanent. We anticipate the closure rate to grow.
• For restaurants that remain open and responded to an ORA survey, more than two-thirds of them say sales are down 50-90%.

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