The heartbeat of our communities lies in the hands of small businesses. They are the driving force behind job creation, economic growth, and the foundation for individuals to achieve financial independence. President Biden and I are dedicated to supporting and nurturing these essential businesses, their owners, and the hardworking individuals who power them.
Celebrating a monumental achievement, I am thrilled to announce that a historic 19 million new small business applications have been submitted since the start of President Biden’s administration. Drawing from my experience as a senator, our Administration is committed to investing billions of dollars in community lenders. These lenders play a crucial role in providing financial assistance and support to small business owners in marginalized and underserved areas, including rural communities.
The impact of our efforts is evident as we witness a surge in small business creation among groups that have historically been underrepresented in the entrepreneurial landscape. President Biden and I are unwavering in our commitment to empower and uplift small business owners and entrepreneurs in every corner of our country. We strive to equip them with the resources and opportunities needed not only to survive but to thrive in a competitive market.
In conclusion, the resilience and innovation displayed by small businesses are instrumental in fostering a vibrant economy and sustainable growth. As we continue to invest in their dreams and aspirations, let us stand together in ensuring that the entrepreneurial spirit remains alive and flourishing in all our communities. Together, we can build a stronger, more prosperous future for generations to come.
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