Restaurateurs, retailers eye legislation to improve access to capital

Louisiana restaurateurs and retailers who have been holding off on a renovation could soon get some encouraging news. A measure is winding its way through Congress that would permanently extend the 15-year recovery period for qualified improvements on restaurant and retail properties. Proponents, including local restaurant owner Jim Urdiales, say the extension would spur construction. “If you guarantee a 15-year schedule over 30 years, we’ll see some restaurants who were putting this off from last year go ahead and do it now,” says Urdiales, who owns Mestizo Restaurant. For more information on what this measure means for the restaurant industry, check out April Castro’s article from Baton Rouge Business Report‘s Daily Report.