Bridging the Gap: Deputy Admin Dilawar Syed Highlights Need for Equity in Rural Small Businesses”.

Dilawar Syed, the Deputy Administrator of the U.S. Small Business Administration, began his nationwide tour in Rapid City, South Dakota. During his visit, he emphasized the importance of bridging the gap between rural and metro regions through intentional investment in all areas. Syed expressed concern that small businesses in rural communities are often overlooked and highlighted the need for equity to prevent further divisions within the country.

To address these divides, Syed explained that the federal government is working on legislation like the Bipartisan Infrastructure Law. This law is helping thousands of households and businesses in South Dakota gain access to affordable internet. Despite these efforts, Syed acknowledged that there is still much work to be done to support businesses facing historic and systemic challenges.

Meeting people in rural areas while traveling serves as a powerful reminder of the importance of providing equal opportunities for everyone. Syed stressed the significance of ensuring that all communities have access to the resources needed to thrive. Through efforts like the Bipartisan Infrastructure Law, the government aims to close gaps and promote economic development in all regions of the country.

Syed also expressed his concern about how small businesses in rural communities are often overlooked by investors and lenders who tend to focus their attention on urban areas with more significant populations and larger markets.

He highlighted how this disparity can hinder economic growth and development in rural communities, leading to a lack of investment opportunities for small businesses.

To bridge this gap, Syed emphasized that there is a need for targeted investment and financial services tailored specifically for rural small business owners.

Through initiatives like these, Syed believes that we can create an environment where all small businesses have access to capital and resources they need to succeed.

In conclusion, Dilawar Syed’s visit to Rapid City was an opportunity for him to highlight the importance of addressing disparities faced by small businesses in rural communities. By investing intentionally and creating targeted financial services, we can create an equitable environment where all small business owners have access to resources they need to succeed.