By signing the Inflation Reduction Act, President Biden is delivering on his promise to build an economy that works for working families and small businesses. The Inflation Reduction Act makes urgent investments to lower prescription drug costs, health care costs, and energy costs to create opportunities for America’s 33 million small businesses and innovative startups.…
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READOUT: White House Hosts American Rescue Plan Funded Community Navigators and Small Business Owners, Reiterates Call for Continued Support
New report from the Small Business Administration shows Community Navigator Program delivers outsized results for traditionally hard to reach businesses. Today, Small Business Administration Administrator Isabel Guzman, National Economic Council Director Lael Brainard, and White House American Rescue Plan Coordinator Gene Sperling met with participants of the Community Navigator Pilot Program to discuss the transformational…
A Proclamation on National Small Business Week, 2022
For generations, small businesses across America have shaped and embodied our Nation’s entrepreneurial spirit and driven our economy forward. Today, more than 32 million small businesses employ almost half of America’s workforce and represent the heart and soul of countless communities. During National Small Business Week, we celebrate America’s small businesses and their enormous contributions…
Readout of Vice President Harris’s Meeting with Latino Small Business Owners
Yesterday, as part of Hispanic Heritage Month, Vice President Harris convened small business owners from across the country to discuss their critical role in the nation’s economy. Participants included a diverse array of business owners, including entrepreneurs from the food, clothing, and environmental science industries. The participants expressed their appreciation for the Administration’s support and…
FACT SHEET: Vice President Harris to Announce Support to Help Historically Underserved Entrepreneurs Tap into Bidenomics-Fueled Small Business Boom
During visit to local D.C. small businesses, Vice President Harris will announce grants to non-profit and community-based organizations from $125 million Capital Readiness Program to support underserved small businesses’ access to capital—a key pillar of Bidenomics Today, Vice President Kamala Harris will announce the 43 winners of the $125 million American Rescue Plan-funded Capital Readiness…
During an Extreme Republican Shutdown, American Small Businesses Would Lose Out on More Than $100 Million in Critical Financing Every Day
With just one day before the end of the fiscal year, extreme House Republicans are playing partisan games with peoples’ lives and livelihoods and marching our country toward a government shutdown that would have devastating consequences for small businesses and needlessly undermine America’s economic progress. Their partisan approach stands in stark contrast to the Senate’s…
Vice President Harris Announces Tens of Millions of Dollars for Historically Underserved Entrepreneurs in North Carolina as part of Administration’s Strategy to Invest in American Small Businesses
Vice President to announce American Rescue Plan-funded awards to ten firms in Durham’s Historic Black Wall Street to help historically underserved entrepreneurs launch and scale their businesses To close out the Biden-Harris Administration’s fourth Investing in America tour, Vice President Harris and Deputy Secretary of the Treasury Wally Adeyemo will join Governor Roy Cooper to…
FACT SHEET: Biden-Harris Administration Announces Historic Support for Tribal Small Businesses as Part of President Biden’s Investing in America Agenda
Small businesses are the backbone of the economy – employing half of all private sector workers and growing our economy from the middle-out and bottom-up in every corner of the United States, including in Indian Country. Tribal communities and Native-owned small businesses, however, were disproportionately hard hit by the pandemic, including a roughly 40% decline…
Remarks by President Biden Before Meeting with Small-Business Owners
2:08 P.M. EDT THE PRESIDENT: Good afternoon, everyone. We’re joined today by five small-business owners who are helping power America’s economic recovery. And I want — I want to welcome the Administrator of the Small Business Administration, Isabella Guzmán. Nice to have you, kiddo. ADMINISTRATOR GUZMÁN: Thank you. THE PRESIDENT: And these enterprises and entrepreneurs…
FACT SHEET: The Small Business Boom Under the Biden-Harris Administration
Through the American Rescue Plan and the equitable implementation of emergency relief programs, President Biden and Vice President Harris fostered the strongest recovery for Main Street on record. In 2021, Americans applied to start 5.4 million new businesses—more than 20 percent higher than any previous year on record. The boom in new business creation has been…
