President Biden’s Investing in America Agenda has recently been supported by the Small Business Administration (SBA) through the launch of its Investing in America Small Business Hub. Administrator Isabel Casillas Guzman announced the digital portal, which aims to help small businesses capitalize on the opportunities presented by this agenda.
In her statement, Guzman emphasized the importance of President Biden’s agenda in providing generational investments to grow America’s economy, restore competitiveness, tackle climate change, and reshore manufacturing. The SBA’s new hub is designed to connect more small businesses with the resources, funding opportunities, and support they need to take advantage of these opportunities and strengthen their businesses.
Since President Biden took office, there have been a record 5.5 million new business applications in 2023 and over 17 million applications in total. Small businesses play a vital role in various sectors, from utilizing incentives like the Inflation Reduction Act to completing home energy efficiency projects to contributing to America’s infrastructure through the Bipartisan Infrastructure Law.
To further assist small businesses, the SBA will be hosting events and webinars to directly connect with them and provide guidance on accessing Investing in America contracting opportunities. The Small Business Hub also offers guides to help small businesses access grants, contracts, and market opportunities under this initiative. Additionally, it features resources from the SBA that can assist small businesses in accessing investment capital and certifications to qualify for funding.
