Richmond EDA approves grant to ChopChop to create rate reduction program
During its January 28, 2021 meeting, the Economic Development Authority of the City of Richmond approved awarding a $120,000 grant to local restaurant delivery company ChopChop. The grant will allow ChopChop to create the Richmond Rate Reduction Program. The Richmond Rate Reduction Program reduces delivery fees charged to local restaurants from 20% to 7% for a three-month period. The company will also add 75-100 new restaurants, breweries, and distilleries to its delivery platform and create 150 new jobs (3-5 permanent employees and 145-148 contracted delivery jobs) during the three-month period. The long-term objective is for ChopChop to keep its delivery fee charged to restaurants at 7 percent. “My team and I are very excited for this opportunity to not only expand our offerings, but also allow restaurants to retain more profit when they need it most,” said ChopChop Owner and Operator Chris Chandler. “A 13 percent rate reduction will make a significant difference, especially