Why Restaurant Owners Are Afraid to Use the Stimulus Money

Eater's Digest

Vox Media Podcast Network

News, Food, Comedy, Arts, News Commentary, Improv

4.4 • 902 Ratings

🗓️ 1 May 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Paycheck Protection Program has been a huge mess and two restaurateurs explain their problems with the loan. Naomi Pomeroy is the chef/owner of Beast and Expatriate in Portland, Oregon. David Tobias is an owner of The Wooly and The Wooly Public in NYC. Click for more information on the Independent Restaurant Coalition: https://www.saverestaurants.com/ Hosts: Amanda Kludt (@kludt), Editor in Chief, Eater Daniel Geneen (@danielgeneen), Producer, Eater More to explore: Check out more great reporting from the Eater newsroom. Subscribe to Amanda’s weekly newsletter here. Follow Us: Eater.com Facebok.com/Eater YouTube.com/Eater @eater on Twitter and Instagram Get in Touch: [email protected] About Eater: Eater obsessively covers the world through the lens of food, telling stories via audio, television, digital video, and publications in 24 cities across the US and UK. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Once upon a time, Disney was a motion picture studio in a sea of Hollywood studios doing something nobody else was doing.
0:09.0	Disney's business is memory making. Disney's business is tradition.
0:15.0	But here's the thing about kingdoms.
0:17.0	They don't last forever.
0:18.0	To survive, Disney had to grow.
0:21.0	But has that tremendous growth eroded what made Disney, Disney.
0:24.3	And I don't know the world cares that this is a Disney movie anymore. I'm Joe
0:29.6	Italian. I'm hosting Land of the Giants, the Disney Telepa, from Bulcher on the Box Media Podcast Network.
0:35.0	Follow Land of the Giants wherever you listen to hear new episodes every Wednesday. Hi everyone and welcome to Eaters Digest a show about all things food and
0:49.3	dining I'm Amanda Clute editor and chief of eater and I'm Daniel Janine
0:52.3	a producer at Eder.
0:53.3	And Amanda, this week on the show,
0:54.5	we are talking to two restaurant business owners
0:56.9	who have both qualified for and received the PPP
1:00.9	or the Paycheck Protection Program loan and those restaurant tours are
1:04.5	Naomi Pomeroy of Beast and ex-Patriot in Portland, Oregon and David Tobias of
1:09.3	the Woolley in New York.
1:10.5	I think we've heard a lot about how this stimulus program has gone wrong.
1:16.5	We've heard a lot about how hard it is and how hard it has been to get the loan if you are a small independent business. So we wanted to talk to people who actually have the money sitting in bank accounts right now to find out what is great about it and also what is maybe terrible about it.
1:34.8	Yeah.
1:35.8	Spoiler, neither one of them feel like they can spend the money in this moment.
1:40.9	They are both sitting on the money waiting for more instructions from the government.
	...

Transcript will be available on the free plan in -1785 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Vox Media Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Vox Media Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.