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Small Business Center

Biden Administration Unveiled Small Business Support Initiatives

November 27, 2023

On Small Business Saturday, the Biden administration outlined three major actions to bolster small businesses, including an injection of $50 million from the American Rescue Plan, a $50 billion loan issuance with large increases for underserved businesses, and a new focus on strengthening partnerships to invest in rural businesses. Emphasizing the vital role small businesses play in communities, President Joe Biden and Vice President Kamala Harris reiterated their commitment to supporting these enterprises, marking the occasion by engaging with small shops in Nantucket, Massachusetts.

To read more about these initiatives, click here.

By Rebecca Meiser

Contributor, Commerce + Communities Today and Small Business Center

Small Business Center

ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.

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