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Call for State Leaders: Establish a Small Business Council in your State!

Want to establish a Small Business Owners Council in your state? Email:
DNC Small Business Council Chair Andrew Lachman: lachman4dnc@gmail.com
And your regional director:
New England and DC/MD:
Laura Gross, lgross@scottcircle.com
NY, PA, NJ, DE:
Anne Marie Principe, annemarie@aha-us.org
Southern states:
Mark Cannady, mark.a.cannady@vadsbc.com
Great Lakes Midwest:
Omar Hashwi, omarhashwi@gmail.com
Plains Midwest:
Nanda Nunnelly, nanda4mo@gmail.com
Western states:
Mark Robert Gordon, mrg@markrobertgordon.com

Do you have small business economic news from your state, or want to share your personal small business story (video or in writing)?
Email the DNC Small Business Council Chair to be included in our next newsletter (email listed above)!

Biden-Harris Administration Sets Record-Breaking $163 Billion in Federal Procurement Opportunities to Small Businesses

The Biden-Harris Administration exceeded its small business contracting goal of 23% in fiscal year (FY) 2022, awarding an all-time high 26.5% of federal contract dollars to small businesses. This historic level amounts to a $162.9 billion investment in the small business economy – an $8.7 billion increase from the previous fiscal year.

Highlights of the overall performance of the federal government include:

For the second consecutive year, Small Disadvantaged Business (SDB) spending exceeded its 11% goal.
Service-disabled Veteran-owned small business spending has exceeded its 3% goal, reaching 4.6%. This achievement translates to $28.1 billion in procurement, reflecting a $3 billion spending increase compared to the previous year.
Historically Underutilized Business Zone (HUBZone) small businesses were granted a record-breaking $16.3 billion in federal contract awards, marking the highest amount ever awarded to this category in the program’s history.
Women-owned Small Businesses (WOSB) received more than $26 billion for the fourth straight year. From Fiscal Years 2021-2022, the overall dollars granted to WOSBs increased by $2 billion, the funds set aside specifically for WOSB firms surged by 17%, and the number of certified WOSB firms grew from approximately 1,000 to nearly 6,000.

Read the entire release here.

Small Businesses Thriving Under Biden-Harris

Thanks to the Biden-Harris Administration's supportive policies, America is experiencing a small business boom. The Administration’s new SBIC Investment Diversification and Growth Rule, for example, will help increase the flow of equity and growth-oriented debt investments from SBIC-licensed funds to small businesses and start-ups operating in under-served communities, capital-intensive industries, and technology areas critical to U.S. national security and economic development.

House Passes Bill to Codify Program to Support Veteran Entrepreneurs

On June 20th, the House of Representatives voted to pass the Veteran Entrepreneurship Training Act of 2023. The bill authorizes the Small Business Administration’s (SBA) “Boots to Business” program, which provides entrepreneurship training to military service members, spouses, and veterans, for five years. In Fiscal Year 2022, nearly 24,000 veterans, transitioning servicemembers, and military spouses received Boots to Business entrepreneurship training.

“As our nation’s servicemembers complete their final tour and begin their transition back to civilian life, it is important that we provide opportunities for them to pursue the American Dream. And owning and running a successful small business is the epitome of that dream,” said Ranking Member Velázquez.

Read the full release from the U.S. House Committee on Small Business.

Thank you Senator Ben Cardin for your many years of service to our nation’s small businesses and entrepreneurs!

Read: Cardin retires with strong history of commitment to entrepreneurs, small business growth

Dilawar Syed Confirmed as Deputy Administrator of Small Business Administration

Democrats are excited to honor Dilawar Syed as the newly-confirmed deputy administrator of the Small Business Administration (SBA). The SBA plays a crucial role in advocating for and executing the policies that will drive our ongoing economic recovery. Small Business for America’s Future is thrilled that Deputy Administrator Syed's high caliber leadership will serve our metro and rural entrepreneurs.

Bidenomics In Action

Thanks to President Biden's economic policies, the United States is showing lower inflation than all other G7 countries. Learn more about Bidenomics here.

Investing in Small Businesses

The Biden-Harris Administration is providing historic levels of support for small businesses so that entrepreneurs can thrive along with the economy. Check out these releases to learn more!

Biden-Harris Administration Releases Report Outlining Historic Support for Small Manufacturing Businesses Through Treasury Department’s State Small Business Credit Initiative (5/4/2023)

Investing in America Means Investing in America’s Small Businesses | CEA | The White House

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