DULUTH – Restaurant and bar owners are calling the $28 billion in grants included in the federal coronavirus stimulus package a lifeline for Duluth’s hard-hit tourism industry.
For Jason Vincent, owner of the Boat Club and Vanilla Bean restaurants in Duluth and Two Harbors, the grants give a needed layer of certainty as vaccines reach more people and business slowly returns to normal.
Vincent’s restaurant group lost nearly $1 million last year, a 25% drop in revenue tied largely to the disappearance of banquet business.
“We have taken out all the loans we can,” he said. “We have mortgaged ourselves