Empowering Latino Entrepreneurs: A Roundtable Discussion with the Biden-Harris Administration
In a recent gathering hosted by the Office of Public Engagement and the Office of Intergovernmental Affairs, the spotlight was on 20 influential Latino venture and business leaders. The purpose? To showcase the tangible investments made by the Biden-Harris Administration in the Latino community and to underscore how President Biden’s economic agenda is paving the way for increased capital access for Latinos. It’s no secret that Latino entrepreneurs play a pivotal role in driving the surge of small businesses flourishing under the Biden administration, with Latino business ownership soaring by an impressive 40% compared to pre-pandemic levels.
Key Points Discussed in the Roundtable:
1. Direct Investments in Latino Communities:
– The roundtable delved into the concrete investments made by the Administration in Latino communities, emphasizing the importance of scaling up efforts to boost capital access.
2. Programs Supporting Latino Entrepreneurs:
– Administration officials shed light on various initiatives aimed at bolstering the economy from the middle out by backing minority business owners and fund managers. Programs such as the SBA’s Growth Accelerator Fund Competition, the Economic Development Agency’s Tech Hubs Program, and the SBA’s Small Business Investment Company’s Investment Diversification and Growth rule were highlighted as avenues for expanding direct investment for Latino entrepreneurs.
3. Collaborative Efforts for Equity:
– The Biden-Harris Administration has pledged to work closely with Latino business leaders to ensure the President’s commitment to advancing equity for the Latino community is upheld.
Notable Administration Participants Included:
– Stephen K. Benjamin, Senior Advisor to the President and Director of the Office of Public Engagement
– Tom Perez, Senior Advisor to the President and Director of the Office of Intergovernmental Affairs
– Administrator Isabella Guzman, Small Business Administration
– Dr. Arati Prabhakar, Assistant to the President and Director of the Office of Science and Technology Policy (OSTP)
– Alejandra Castillo, Assistant Secretary of the Economic Development Agency, Department of Commerce
As the collaboration between the Biden-Harris Administration and Latino business leaders continues to unfold, the focus remains squarely on empowering Latino entrepreneurs and fostering economic growth within the community. The roundtable served as a testament to the shared commitment towards inclusivity, access, and opportunity for all.
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