8 Ideas for Supporting Your Favorite Restaurants in A Time of Crisis

There are several many ways to help local restaurants during the crisis, and here are a few:

  1. Gift Certificates -- Buy gift certificates.  See if you can order them via phone or online and have them mailed to you.  Insist that they have no expiration dates. :-)
  2. Shares -- Offer to buy shares.  Shares are a bit of ownership in the business. Everyone shares the risk, and the potential reward.  Create this with annual dividends, but excuse dividend payments for 2020 and 2021. 
  3. Bonds -- Offer to buy bonds.  Bonds are guarantees to pay back cash at a certain point of time in the future (with or without interest).  Various maturities could be created, for example 1, 2, 5, 10 years.
  4. Local Currency -- Help set up a local currency where you exchange US dollar for the local currency, with the dollars going to the participating businesses.
  5. Tax Refund -- Advocate for a tax refund (for example: $2,000) for all adults in the USA, and to include an equal amount for sole proprietorship (and partnerships as well?)
  6. Bill Freeze -- Advocate for minimizing the restaurant's expenses, in particular: mortgages, rents, taxes, utilities, etc. by encouraging state and federal government to:
    1. eliminate all late payment charges
    2. eliminate all interest charges
    3. eliminate all billings and any possibility of collections activity until the end of the crisis
    4. outlawing all terminations of service, especially for water, sewer, electric, heat, communications
    5. support the business owner if they find it necessary, for the continuation of the business and/or their livelihoods, in discontinuing payment of these bills
    6. continue to pay the food vendors, the ones that deliver the food, those that clean and take away refuse, and, of course, the employees
  7. Carryout/Delivery -- If you are already infected with the virus; or unconcerned about the possibility of becoming infected; or trusting in the health of the chefs, cooks, and employees; then order takeout from the business, with a goal to spend at least as much money at the business now than was typical in previous months.
  8. Local Food -- Help and encourage to connect with local growers such as small farms, CSAs (community supported agriculture), farm markets and more.  Whatever a restaurant buys locally helps to support the local economy, and in that way, the restaurant itself.

What are other ways to support local restaurants?

(Note: These same techniques can be modified to support many small businesses.)


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Version: 2020.03.16.2233 GMT Aaron Wayne Wissner

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