COVID-19 relief bill adds PPP tax breaks the Treasury opposed
The new stimulus agreement will provide small businesses with more than $284 billion in forgivable loans under the Payment Protection Program, which lapsed over the summer. Small businesses that took a PPP loan earlier in 2020 and have seen their revenues fall by 25% will be able to obtain a second loan. Congress will also allow PPP borrowers to take tax deductions for covered business expenses. CNBC reports.
Global food industry on course to drive rapid habitat loss
According to a new report, almost 90% of land animals are likely to lose some of their habitat by 2050 should current food and farming trends continue apace. The lead authors stated that policymakers will have to decide which method (e.g., eating less meat, reducing food waste, increasing crop yields) will have the biggest benefit for a given region, but global coordination and rapid action are musts. Head to The Guardian for more details.
Restaurants are critical to cultured meat's evolution
The era of cultured meat is almost upon us, and restaurants will play a key role in helping both consumers and regulators accept this sustainable and largely cruelty-free form of animal protein. These startups need to partner with venues that have a vested interest in building a better food system and can keep the prices of cultured meat dishes on par with conventional animal meat protein. The Spoon has the scoop.
The rise of the charcuterie-free charcuterie board
You might think that charcuterie boards, often implemented at large gatherings, would have taken a back seat in 2020 to other food trends. You'd be wrong, however. Cheese board purveyors adapted early on through smaller, individualized formats. But notably these boards have also expanded far beyond their cheese and meat roots—plant-based versions have unsurprisingly risen in popularity. Get the skinny at Vice ...
How COVID-19 upended the design of fast-food restaurants
With drive-thru and online ordering as the new normal, fast-food chains are unveiling prototypes for new locations that reduce or eliminate indoor dining space and focus on digital. Chipotle, for instance, recently opened a first-of-its-kind restaurant that has customers order ahead through an app and has no dining space at all. Because it's so much smaller than the traditional model, the design can fit cheaply in urban areas where real estate is more expensive. Learn more at CNN ...