{"id":2107784,"date":"2023-11-25T19:32:05","date_gmt":"2023-11-26T00:32:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-touts-small-business-boom-after-record-reached\/"},"modified":"2023-11-25T19:35:17","modified_gmt":"2023-11-26T00:35:17","slug":"white-house-touts-small-business-boom-after-record-reached","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-touts-small-business-boom-after-record-reached\/","title":{"rendered":"White House celebrates &#8216;Small Business Boom&#8217; with record-breaking achievement"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhite-house-touts-small-business-boom-after-record-reached%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2107784&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden\u200c and Vice President Harris Celebrate Small Business \u2062Boom<\/h2>\n<p>President Joe Biden and Vice\u2064 President Kamala Harris are celebrating what they \u2063are calling a &#8220;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-quietly-rips-reporters-not-asking-relevant-questions\/\" title=\"Biden Quietly Rips Reporters Not Asking \u2018Relevant Questions\u2019\">small business boom<\/a>&#8221; during their\u2063 administration. Since \u2064Biden&#8217;s inauguration, a staggering 14.6 million applications for\u200b new businesses have been filed. Additionally, the number of families \u2062owning businesses has increased by 9% overall.<\/p>\n<h3>Congress \u2063Races\u2062 to Pass \u2063Aid for Israel and Ukraine Before Christmas<\/h3>\n<p>&#8220;Since\u2063 I\u2064 took office, Americans have filed nearly 15 million\u200c applications to start businesses \u2063\u2013 and the percent of \u2063Black households\u2062 owning a business has more than doubled,&#8221;\u2062 Biden wrote\u200c on X, \u2064formerly known as\u200d Twitter. \u200c&#8221;Get out\u200b there \u200btoday and <strong>#ShopSmall<\/strong>.&#8221;<\/p>\n<p>Saturday\u200b marked Small\u200c Business Saturday, a\u2062 shopping holiday intended to rival\u200c Black Friday. According to the American Express-commissioned 2022 Small Business Saturday Consumer Insights Survey, consumers spent a whopping $17.9 billion last \u2063year.<\/p>\n<p>&#8220;On Small Business Saturday, join me in celebrating\u200c our nation&#8217;s small businesses and the entrepreneurs and workers\u200c who power them. \u200cThese businesses are the\u2063 heart of \u200cour communities, and they thrive when we invest in America,&#8221; Harris wrote. &#8220;[The President] and I are proud to\u2064 have their back.&#8221;<\/p>\n<p>This comes after the Small\u2062 Business Administration\u200d announced earlier this week that it had spent &#8220;$50 billion in capital, disaster relief, and bonding\u200b to small \u200bbusinesses and disaster-impacted \u2062communities\u200c across America&#8221; during the 2023 \u200bfiscal year. The majority of the funds went to \u200bapproximately\u2063 5,200 businesses seeking disaster assistance.<\/p>\n<p>\u201cStarting \u2063and running a business takes tremendous grit and\u200c determination, but it also \u200dtakes capital \u2014 something \u200ctoo many enterprising Americans have historically been unable to obtain equitably and \u200baffordably,\u201d \u2064SBA Administrator Isabel Casillas Guzman said\u200d in a statement. \u201cThe Biden-Harris Administration remains committed to simplifying and addressing persistent inequities \u2063in \u2062accessing capital \u200cto ensure all <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cuomo-to-partially-reopen-indoor-dining-in-nyc-for-valentines-day-if-positivity-rates-hold\/\" title=\"Cuomo To Partially Reopen Indoor Dining In NYC For Valentine\u2019s Day, \u2018If Positivity Rates Hold\u2019\">small business owners<\/a> can get the funding needed\u200d to grow \u200cand create jobs for our economy.&#8221;<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\">CLICK HERE TO \u2064READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/p>\n<p>For \u2063the first time in the SBA&#8217;s history,\u200c it offered Small Business Lending\u200c Company licenses to non-depository lenders, which exist outside of banks and loan companies\u2062 in order to reach\u2062 &#8220;rural and \u2062Native\u2062 communities, and communities experiencing persistent \u200bpoverty.&#8221; According to the\u2064 administration, it is part of \u2063the &#8220;Biden-Harris Administration\u2019s agenda to\u200b advance equity and build an inclusive \u2064economy.&#8221;<\/p>\n<p>There are almost\u200d 32 million independent businesses in the U.S.<\/p>\n<p> <\/p>\n<h2> How does the Biden administration&#8217;s \u200bemphasis on diversity and inclusion in \u2064the business sector aim to reduce wealth disparities \u200cand promote economic empowerment<\/h2>\n<p><span>  \u2062 Holiday promoted \u200dby\u2064 American Express as a way \u2063to support local businesses. President\u200b Biden and \u2063Vice President Harris took\u200d to social media to encourage Americans to shop at\u2063 small businesses and show their support.<\/p>\n<p>The surge in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-appeals-to-small-business-in-expanded-bidenomics-pitch\/\" title=\"Biden targets small businesses in expanded Bidenomics pitch.\">small business \u200dapplications<\/a> and the\u2062 increase in families owning businesses\u200d is seen\u2062 by the Biden administration as a positive sign \u2063of economic recovery \u200band growth. Throughout the pandemic, many\u200b small businesses have struggled \u200bto survive, with numerous closures and layoffs. However,\u2064 with\u2064 the rollout of vaccines and the \u200deasing of restrictions, there has been\u200b a renewed sense of optimism and confidence among entrepreneurs and families looking to \u2064start their own businesses.<\/p>\n<p>The Biden \u200cadministration has\u200b implemented\u2063 various \u2062policies and initiatives aimed at supporting \u2063small businesses and promoting entrepreneurship. These measures include financial assistance programs, tax credits, and regulatory reforms.\u2064 In \u2062addition, the administration has focused\u2062 on ensuring access to affordable healthcare and childcare, which are crucial\u200b factors for individuals considering starting their own businesses.<\/p>\n<p>Furthermore, the administration has emphasized the importance of diversity and inclusion in the business sector. The significant \u200cincrease in Black households owning \u200dbusinesses reflects the administration&#8217;s commitment to providing equal opportunities for all \u2062Americans. By creating an \u200benvironment\u200b conducive to entrepreneurship and addressing systemic barriers that traditionally marginalized communities face, the Biden administration hopes to promote economic\u200c empowerment and\u200c reduce\u2062 wealth disparities.<\/p>\n<p>The celebration of Small Business Saturday serves as \u2064a reminder of the essential role \u2064that\u2062 small \u200cbusinesses\u2062 play in our economy.\u2063 They serve as engines of growth, job creators, and vital contributors to local \u200bcommunities. By supporting small businesses, consumers can help stimulate economic activity and ensure\u2064 the vitality of\u200d their \u2062neighborhoods.<\/p>\n<p>However, it is important \u2063to note that the challenges facing small businesses are not completely\u200b resolved. The\u2064 ongoing COVID-19 pandemic and its potential long-term impacts \u200dcontinue to pose risks and uncertainties. The Biden administration acknowledges the need for sustained support \u200dand is\u2063 working\u200d alongside Congress to \u200bpass legislation that\u2063 provides small \u200cbusinesses with the resources and assistance they require.<\/p>\n<p>In\u200d conclusion, President Biden and \u200cVice President Harris \u200care celebrating the surge \u2062in small business applications and the increase in families owning businesses during their administration.\u2062 They view this as \u2064a positive indication of economic recovery\u2064 and growth.\u200c The \u200cBiden administration remains committed to \u200csupporting small businesses and promoting entrepreneurship, with a focus on inclusivity and equal opportunities. Small Business Saturday \u2064serves as\u2062 a reminder \u200cof the crucial role that small businesses play in our economy and the importance\u2064 of supporting them for continued economic prosperity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden and Vice President Kamala Harris hailed a &#8220;small business boom&#8221; under their leadership, with 14.6 million new business applications since inauguration. Family-owned businesses saw a 9% rise. Congress rushes to provide aid to Israel and Ukraine before Christmas. Biden stated, &#8220;Since I took office, Americans&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2107785,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2107784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2107784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2107784"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2107784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2107785"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2107784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2107784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2107784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}