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Inequality In Federal Funds For Restaurants East And West Of Troost

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Laura Spencer

Eateries east of Troost not only received fewer federal grants, but also less money per grant than those west of the avenue.

The federal Restaurant Revitalization Fund was intended to ease the financial burden faced by dining establishments hit by the economic impact of COVID-19.

Liz Cook calculated that for restaurants east of Troost who applied the average grant was $50,000 versus $311,000 for those located in areas west of the avenue.

As Cook points out, "We know that disadvantaged groups also have a harder time navigating the banking system, they have less access to credit and they also have less trust in the financial institutions that you need to know how to navigate to file an application . . . "

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