ICYMI: Biden-Harris Administration Highlights Small Business Boom

In advance of Small Business Saturday on November 25th, the Biden-Harris Administration announced new actions to support small businesses—a key pillar of Bidenomics—and released new data that highlights the small business boom taking place during this Administration thanks to President Biden's leadership. Under President Biden, Americans have filed a record 14.6 million applications to start businesses – a sign that the historic investment in small businesses is driving confidence and optimism from entrepreneurs, and generating more resilient and competitive markets. Over the weekend, in celebration of Small Business Saturday, Small Business Administrator Isabel Guzman spoke with national, regional and Spanish language media to highlight the importance of small businesses in the American economy.

Read more below:

U.S. Small Business Administrator Isabel Guzman on Good Morning America – 11/25

GUZMAN: They are the job creators, but beyond that they create the products and services that we depend on every day in our lives. They define our main streets and really innovate to create global competition for us.

U.S. Small Business Administrator Isabel Guzman on MSNBC – 11/25

GUZMAN: Small businesses are the backbone of the economy as people say, and that's because they create two thirds of net new jobs, they employ nearly half of the private work force and they really define our neighborhoods, creating products and services that we depend on every day.

U.S. Small Business Administrator Isabel Guzman on NPR – 11/24

GUZMAN: "It's remarkable to see that the President's economic agenda is working; we have a small business boom in this country, which is, from a global perspective, unprecedented with more than 14.5 million new business applications filed since the President took office."

Support for Small Businesses, Administrator Isabel Casillas Guzman on Despierta America – 11/24
[TRANSLATED FROM SPANISH] White House plan underway to support migrants and small and medium-sized businesses
GUZMAN: Small businesses really are the backbone of our economy. They create 2/3 of net new jobs, they employ half the private workforce, and they produce over 40% of output for our economy…Supporting our small businesses makes sure that they can survive and thrive into the future.

U.S. Small Business Administrator Isabel Guzman on Nexstar (116 markets nationwide) – 11/22

Isabel Casillas Guzman with the Small Business Administration says many of those shoppers are likely to shop local and small businesses are prepared… Guzman says small businesses are still recovering from the economic hit during the pandemic and many of them are hoping for a record turnout this year to keep their doors open. "We want to make sure that now more than ever we are spending locally, shopping small to give them that revenue boost, let them run through their inventories and have a great record year.