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 now that meal delivery is so prevalent.”
“Richmonders have been supporting our restaurant industry diligently by ordering takeout and delivery since March,” said Mayor Stoney. “The next time you order through ChopChop, more of your bill will go directly to the restaurants you love, supporting employees and management alike.”
ChopChop currently has 120 employees on staff, 98 percent of which are contracted drivers who work 5 to 40 hours per week. The company currently serves approximately 65 percent of the City of Richmond. The growth from this program will allow the company to serve the entire city.
“When the Small Business Support Grant Programs Cooperation Agreement was authorized, our goal was to help restaurants save on delivery costs,” said EDA Chairman John Molster, “The grant to ChopChop meets that goal and goes above and beyond to provide jobs and expand delivery capacity.”
For more information about ChopChop and becoming a partner, visit https://www.chopchoprva.com