President Joe Biden recently spoke at a virtual event celebrating National Small Business Week. During his remarks, the president emphasized the important role that small businesses play in the American economy and the need to support them during the ongoing COVID-19 pandemic.
Biden highlighted the ways in which his administration has already provided relief to small businesses, including through the Paycheck Protection Program and the American Rescue Plan. He also discussed his plans for further supporting small businesses, including expanding access to capital, improving procurement opportunities, and strengthening workforce training programs.
The president emphasized the importance of equity and inclusion in small business support efforts, noting that historically marginalized communities have faced greater barriers to entrepreneurship and economic success. He pledged to work to ensure that all small businesses, regardless of their owners’ backgrounds, have access to the resources and support they need to thrive.
Overall, the president’s remarks highlighted the critical role that small businesses play in the American economy and the need to provide ongoing support and relief to help them navigate the ongoing challenges posed by the pandemic.