Small businesses are the engine of our economy and the heart and soul of our communities. They employ nearly half of all private sector workers and contribute to every industry. Getting them what they need to grow is one of the best investments our country can make. During National Small Business Week, we…
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FACT SHEET: Ahead of Small Business Saturday, Biden-Harris Administration Announces Latest Steps to Support Small Businesses
Department of the Treasury announces $50 million to help underserved small businesses secure financing; Small Business Administration delivers $50 billion to small businesses and sees record loans to minority businesses In advance of Small Business Saturday on November 25th, the Biden-Harris Administration is announcing new actions to support small businesses—a key pillar of Bidenomics—and releasing…
Taking Steps to Bolster Small Business Participation in the Federal Marketplace
The Biden-Harris Administration is committed to ensuring that federal investments build wealth and opportunity for underserved entrepreneurs and small business owners. To ensure we are best delivering for the American people, today, the Office of Management and Budget (OMB) is issuing guidance to help more small businesses participate in federal contracts. This step will enable…
Readout of White House Hosts Small Business Lending Summit
Participants discuss how Biden-Harris Administration’s actions are creating a small business boom and expanding access to capital for traditionally underserved entrepreneurs Today, the White House National Economic Council (NEC) and the U.S. Small Business Administration (SBA) hosted a Small Business Lending Summit to discuss the Administration’s strong record on lending to small businesses, and how…
A Proclamation on National Small Business Week, 2023
From barber shops, beauty salons, and pizza parlors to manufacturing companies and mom-and-pop shops, Americans have applied to form a record 10.5 million small businesses in the past two years. This week, we celebrate the backbone of our economy and the glue of our communities: our small businesses, which help make our Nation…
Readout of Roundtable on Capital Access for Small Businesses
Yesterday, the Administrator of the Small Business Administration (SBA) Isabel Guzmán, the Deputy Secretary of the Treasury Wally Adeyemo, American Rescue Plan Coordinator Gene Sperling, and Deputy Director of the National Economic Council Bharat Ramamurti were joined by U.S. Senator John Hickenlooper (D-CO) and small business leaders, advocates, and mission lenders with particular expertise in…
Readout of White House Convening to Announce New Small Businesses Investment Funds
New milestones announced represent the Biden-Harris Administration’s commitment to expanding SBIC program investments to high tech small start-ups and advanced manufacturing small businesses Yesterday, the White House National Economic Council (NEC) and the Small Business Administration (SBA) hosted a convening with business leaders from around the country to celebrate recent Biden-Harris Administration reforms to the…
Statement from President Joe Biden on Record-Setting Small Business Applications
Every time someone starts a new small business, it’s an act of hope and confidence in our economy. Today, we learned that Americans filed 16 million new business applications during the first three years of my Administration—16 million acts of hope, the strongest stretch on record. That’s three years in a row with more applications…
Remarks by Vice President Harris on Small Business Saturday | Los Angeles, CA
Venice Bakery and RestaurantLos Angeles, CA THE VICE PRESIDENT: Okay. Hi, everyone. Q Hello. Q Hi. THE VICE PRESIDENT: Hi, Administrator. Please come, please come. And where is the congressman? So, today, we honor our small businesses. And it has been a passion of mine for many, many years to support…
Remarks by Vice President Harris on Investing in Small Business Manufacturing
Babylon Micro-FarmsRichmond, Virginia (May 4, 2023) 4:32 P.M. EDT THE VICE PRESIDENT: Good afternoon. Good afternoon. Please have a seat. Good afternoon. Have — have you all — has anybody been able to tour this facility? It’s fascinating. It really is. Alex — where is Alex and Graham? Congratulations — and to your whole team — on what…
