Small Enterprise Proclamation on Nationwide Week

Small Enterprise Proclamation on Nationwide Week

For generations, small companies throughout America have formed and embodied our Nation’s entrepreneurial spirit and pushed our financial system ahead.

Immediately, greater than 32 million small companies make use of virtually half of America’s workforce and signify the guts and soul of numerous communities.

Throughout Nationwide Small Enterprise Week, we rejoice America’s small companies and their huge contributions to American life and prosperity.

Once I first took workplace, the pandemic had devastated America’s small enterprise neighborhood.

Lots of of hundreds of small companies had closed, important streets had been shuttered, and hundreds of thousands extra People had been out of labor by means of no fault of their very own.

Even with the creativity and resilience of small enterprise homeowners and employees, COVID-19 took an incalculable toll on so many lives and livelihoods.

That’s the reason I made it a prime precedence to supply substantial, fast reduction to our Nation’s small companies, giving them the instruments, assets, and help they wanted to reopen, rehire, and rebuild.

My American Rescue Plan and different emergency reduction applications distributed lots of of billions of {dollars} to hundreds of thousands of small companies to maintain the lights on and maintain employees on the payroll.

My Administration additionally eliminated historic boundaries to degree the taking part in subject for companies throughout rural and concrete America, particularly companies owned by veterans, ladies, and other people of coloration.

These efforts have helped hundreds of thousands of small companies not solely climate the pandemic, however thrive.

My Administration is dedicated to unlocking new alternatives to assist small companies develop and compete.

Via the American Rescue Plan, our State Small Enterprise Credit score Initiative supplies States, territories, and Tribal governments with assets to determine mortgage and fairness capital applications to help entrepreneurs.

As well as, the Bipartisan Infrastructure Legislation has created unprecedented contracting alternatives for small companies in each neighborhood.

Already, greater than 4,000 initiatives have been introduced to improve America’s infrastructure, creating vital alternatives for small companies to develop.

The legislation is delivering reasonably priced high-speed web entry to each neighborhood — city, rural, suburban, and Tribal — so each small enterprise can use digital applied sciences and achieve new clients throughout the nation and around the globe.

The Bipartisan Infrastructure Legislation makes the Minority Enterprise Improvement Company inside america Division of Commerce a everlasting entity — seeded with a document quantity of funding — so minority-owned companies can obtain tailor-made help for his or her distinctive challenges and entry the capital they should develop.

I firmly imagine that equal alternative is the bedrock of our democracy.  That’s the reason my Administration is dedicated to utilizing Federal procurement {dollars} to help companies owned by underrepresented individuals and to assist small companies construct generational wealth.

Final yr, I introduced a set of reforms to extend contracting alternatives for underserved companies by as much as 50 p.c by 2025.

We’re additionally capitalizing on our historic investments in provide chain resilience and “Made in America” manufacturing so small companies can innovate, compete, and construct the merchandise of tomorrow.

To place small companies for fulfillment in the long run, america Small Enterprise Administration’s Neighborhood Navigator Pilot program is forging stronger partnerships with native organizations to get assets to underserved small companies.

Thanks to those initiatives and the resilience of the American individuals, America’s entrepreneurial spirit has by no means been stronger.

New enterprise purposes grew by greater than 30 p.c over the course of the pandemic, with virtually 5.4 million new purposes in 2021 alone.  Extra People than ever earlier than — together with extra ladies and other people of coloration — are following their goals and beginning new enterprises.

My Administration will proceed to help them, construct upon this exceptional resurgence, and strengthen the muse of our financial system with America’s small companies on the forefront.

This Nationwide Small Enterprise Week, allow us to renew our dedication to supporting our Nation’s small companies.  From native “mother and pop” retailers to modern start-ups, small companies are pillars of our communities and the engine of our financial system.

By rebuilding our financial system from the underside up and center out, we will keep our international competitiveness and construct a stronger Nation the place everybody can succeed.

NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of america of America, by advantage of the authority vested in me by the Structure and the legal guidelines of america, do hereby proclaim Might 1 by means of Might 7, 2022, as Nationwide Small Enterprise Week.

I name upon all People to acknowledge the contributions of small companies to the American financial system, proceed supporting them, and honor the event with applications and actions that spotlight these necessary companies.

IN WITNESS WHEREOF, I’ve hereunto set my hand this twenty-ninth day of April, within the yr of our Lord two thousand twenty-two, and of the Independence of the United States of America the 2 hundred and forty-sixth.


We’ll be in contact with the most recent info on how President Biden and his administration are working for the American individuals, in addition to methods you may get concerned and assist our nation construct again higher.
Decide in to ship and obtain textual content messages from President Biden.
The White Home
1600 Pennsylvania Ave NW
Washington, DC 20500

Scroll to Top