Blog Post

Business Leaders Respond to President Biden’s Major Economic Speech in Chicago

Jun 28, 2023

WASHINGTON – Today, President Biden delivered a major economic address in Chicago. Following today’s address, business leaders from across the country are sharing their perspectives on the state of the American economy and the impact of recent federal economic investments.


National Business Leaders:


Rhett Buttle, Founder & Principal, Public Private Strategies:


“After one of the worst economic shocks in our history, the American economy is moving in the right direction. The past two and a half years have seen historic job growth, record-low unemployment, and the strongest period of new small business applications on record. 


“As significant investments from the American Rescue Plan, Bipartisan Infrastructure Law, Inflation Reduction Act, and CHIPS & Science Act continue to flow into our communities, we have a chance to build on this economic momentum. Recent funding announcements like commitments to deliver affordable, high-speed internet to every American by 2030 will enable entrepreneurs to start and grow businesses in every community across the country.


“President Biden’s vision to build the economy from the middle out and the bottom up is only possible if communities and entrepreneurs across the country know about and have the tools to access opportunities that are available through recent economic investments. That’s why Public Private Strategies and our partners
are committed to connecting small businesses and entrepreneurs with the tools and resources they need to create good jobs and thrive.”


Ramiro A. Cavazos, President and CEO, United States Hispanic Chamber of Commerce (USHCC):


“The USHCC reaffirms its support of the bipartisan legislation enacted in the wake of the COVID-19 pandemic to rescue our American economy, including the American Rescue Plan, Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act. Each of these legislative packages has played a crucial role in our nation’s economic recovery by investing in rebuilding our nation’s transportation infrastructure, strengthening our global competitiveness in manufacturing and crucial supply chains, and protecting America’s more than 32 million small businesses through financial assistance and access to capital.


“In this context, we look forward to continuing to work with the Biden-Harris Administration to make sure our nation’s more than five million Hispanic-owned businesses have equitable access to the resources, support, and government contracting opportunities needed as we continue to build back our economy.”


Tammy Halevy, Executive Director, Reimagine Main Street:


“MLK Boulevards, Cesar Chavez Ways, Chinatowns, and Main Street’s are growing stronger thanks to significant investments including the Bipartisan Infrastructure Law, American Rescue Plan, CHIPS and Science Act, and the Inflation Reduction Act. 


“In the past two years, we’ve seen the highest rate of new small business formations in American history. Starting a business is a sign of optimism about the future. And it’s not just entrepreneurs who are benefiting from our strengthening economy. The unemployment rate for Black and Latino/a Americans is near a record low. 


“But challenges remain for many businesses. Reimagine Main Street’s recent survey on
Trust & Access to Capital: 2023 found that a plurality of AAPI, Black, and Latino/a entrepreneurs do not think they could fund an unexpected $5,000 business expense. We must work together to build more resilience and opportunity in the economy, and it starts by making sure that recent economic investments are available to all, and that the benefits reach businesses, workers, and the communities in which they operate.”


Lenwood V. Long, Sr., President & CEO of the African American Alliance of CDFI CEOs (AAACDFI):


“We believe that President Biden's economic speech highlights his strong commitment to supporting Black-owned businesses and expanding access to capital. By prioritizing investment in Black-owned businesses and promoting entrepreneurship, President Biden is breaking down barriers and creating opportunities for growth and prosperity in areas that have been historically underserved.

 

“At the African American Alliance of CDFIs, we commend President Biden's dedication to economic equity and look forward to productive collaborations for a more inclusive and equitable future for all.” 


Ying McGuire, President and CEO of the National Minority Supplier Development Council (NMSDC):


“President Biden's emphasis on infrastructure investment, job creation, and expanded access to capital strongly aligns with the goals of the National Minority Supplier Development Council (NMSDC) and the minority business enterprise (MBE) community we serve. We applaud his commitment to creating a fair and inclusive economy that leaves no one behind.


By prioritizing infrastructure investments, President Biden addresses our nation's pressing need for sustainable infrastructure while creating ample opportunities for MBEs to participate in community revitalization. This commitment will unlock doors for MBEs to secure contracts, stimulate local economies, and generate jobs that benefit minority communities across the country. Furthermore, President Biden's focus on expanding access to capital and supporting minority-owned businesses marks a pivotal moment for MBEs. Historically, minority entrepreneurs have faced significant challenges in accessing affordable capital, the innovation economy, renewable energy, and technology – something that must be addressed. The president's initiatives to increase lending, enhance technical assistance programs, and promote entrepreneurship are a step in the right direction and will undoubtedly foster a more equitable playing field, enabling MBEs to thrive and contribute to our nation's economic prosperity.” 


Justin Nelson, Co-Founder & President, The National LGBT Chamber of Commerce (NGLCC):


“NGLCC is a committed partner in working with the Biden-Harris Administration to ensure that the implementation of the American Rescue Plan, Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act, achieve its ambitious goals of facilitating an economic transformation that lifts up our country to ensure a bright and prosperous future. 


“On behalf of the LGBT business community, we are eager to see these investments translate into growth opportunities for the nearly 32 million small businesses, who will support the upgrading of transportation infrastructure, ensure our global competitiveness through manufacturing and shoring up our supply chains, and deploying broadband so that all of our communities can thrive. 


“This is an exciting time for the business community, we will continue to work with all partners to propel economic prosperity for the LGBT business community."


Dr. Janis Shinkawa, Chair of Advocacy for the National Association of Women Business Owners (NAWBO):


"When the pandemic spread across the globe in 2020, women entrepreneurs faced the greatest challenge to keep their businesses afloat. Many women were forced to close their businesses and leave the workforce at record rates, while others faced compounded difficulties with access to credit and capital while dealing with a shrinking workforce. In the last two and half years, we’ve been encouraged by the bipartisan laws, such as the Infrastructure Investment and Jobs Act and the CHIPS and Science Law that have supported job growth and made crucial investments in infrastructure and the supply chain. 


“NAWBO applauds these efforts, and the bipartisan efforts made to achieve them. We know that when lawmakers work together to solve policy challenges, good things happen. Both the CHIPS & Science Act and the Infrastructure Investment and Jobs Act include billions of dollars in federal contracts and have equity embedded into them to ensure that women and minority-owned firms can access them. These investments will lead to the creation of more jobs, businesses and an equitable economic recovery. 


"NAWBO is committed to continuing to work with Congress and the Administration to ensure that America’s 13 million women business owners have equitable access to the resources they need to be successful."


Chiling Tong, President and CEO, National Asian Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE):


“The National Asian Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE) proudly supports legislation enacted in the last two years that benefits small businesses and entrepreneurs who continue to navigate the aftermath of the pandemic, including rising inflation and credit access challenges. The Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act have already significantly influenced domestic economic policy as a result of crucial investments towards our nation's infrastructure, supply chains, and global competitiveness. Each of these laws allocates billions of dollars in funding for federal contracts, offering new opportunities for marginalized communities to establish and expand businesses, create jobs, and support local community growth. 


“National ACE remains committed to collaborating with Congress and the Biden-Harris Administration to ensure AAPIs have equitable access to capital and vital resources necessary to continue to thrive.”


Anne Zimmerman, Co-Chair, Small Business for America’s Future (SBAF) and Founder & Owner of Zimmerman & Co CPAs Inc., Cincinnati, OH:


“We are encouraged by the president's commitment to large-scale investments in infrastructure and manufacturing, which are vital sectors directly impacting the prosperity and the stability of small businesses. Investment in infrastructure across the U.S., including providing high-speed internet connectivity to everyone, has direct benefits for small businesses. Enhanced infrastructure and improved internet connectivity can aid businesses in reaching a broader customer base, improving their operations, and participating in digital commerce more effectively.


“SBAF's surveys of small business owners provide solid backing for such policies. In fact, an overwhelming
76% of small business owners recognize that these substantial investments will boost the economy. Moreover, a strong 72% are confident that the president’s economic investments in infrastructure and manufacturing will directly aid their businesses, offering them opportunities for expansion and consolidation.


“Most small business owners are members of the middle class who are the focus of this  economic approach. Their operations are the lifeblood of local economies, creating jobs  and fostering community development. This focus on bolstering key sectors, therefore,  serves to enhance their capacities and broaden their horizons. Small businesses and the  communities where they operate stand to gain immensely from investments that lead to a robust, fair economy underpinned by substantial infrastructure and manufacturing investments.” 


Ron Busby Sr, President & CEO, U.S. Black Chambers, Inc. (USBC):


“U.S. Black Chambers, Inc. proudly applauds President Biden and Vice President Harris 

for their compelling address during the Investing in America Event on Monday, June 26, 2023. Their announcement of over $40 billion in funding allocations for high-speed internet infrastructure across all U.S. states, territories, and D.C. marks a significant milestone.


“This commitment stands on par with the historic federal investment that brought electricity to countless homes and farms, benefiting millions of families and our economy as a whole. The BEAD (Broadband Equity Access and Deployment) Program, with a substantial budget of $42.45 billion, overseen by the Department of Commerce, ensures that each state and territory receives no less than $107 million and $27 million, respectively. Notably, 19 states have been granted allocations exceeding $1 billion.


“Moreover, this initiative is projected to create an estimated 150,000 plus jobs, providing a substantial boost to the workforce. By investing in America on an unprecedented scale, the Biden-Harris Administration is leading a nationwide effort to make affordable, reliable, high-speed internet accessible to every American.


“USBC wholeheartedly supports the administration's endeavors to foster innovation, generate employment opportunities, and create inclusive prospects for Black business owners and chamber leaders across the country. Together, we are actively constructing a stronger, more prosperous future for our nation."


Small Business Owners:


Channal Coleman, CEO and Founder of It's Official Barbershop, Chicago, IL:


"The president's approach to the economy is a breath of fresh air. His policies are set to bolster small businesses, like mine, by investing in infrastructure and manufacturing that provide us with opportunities to do business and the tools we need to compete. It's an approach that recognizes the importance of small business to the American economy, and as a middle-class business owner, I feel optimistic about what this means for the future of my business." 


Nat Rosasco, Owner of Olive Street Design, Elmhurst, IL:


"I support President Biden's strategic economic focus. The promise of significant investments in key sectors is music to my ears. These initiatives directly impact small business owners, driving growth and jobs in our communities. I'm encouraged by the president's recognition of our important role in the national economy."


Stephanie Rowell, Founder of Chamilleon Enterprises, Chicago, IL:


"As a small business owner, I can attest to the positive potential of President Biden's economic vision. I see the direct benefits of increased infrastructure and manufacturing investments in my operations. This kind of attention to the needs of Main Street businesses is precisely what we need to recover from the hardships of the past years and propel us into a prosperous future."


Suzanne Stantley, Founder & CEO of BE Group, Inc., Chicago, IL:


“Small business owners are hard-working citizens who contribute greatly to the communities in which they operate. Minority small business owners have long understood that our success is interwoven with the success of the communities in which we operate much more than a larger corporation.  Minority businesses employ individuals who live in the communities in which they operate much more than large firms and these workers are dependent upon their jobs to survive.  While larger firms have experienced significant recovery post-Covid, this has not been the case with small minority firms.  I am excited by the prospects of how the president's Bidenomics plan can help stimulate growth for minority small businesses like mine too which is greatly needed.” 



WANTING MORE NEWS? SIGNUP TODAY

Contact Us

29 Apr, 2024
WASHINGTON, D.C. – Today, the Bureau of Labor Statistics released its March jobs report, showing the US economy added 303,000 jobs in March while the unemployment rate fell to 3.8%. CNN characterized US job growth in March as “whopping,” with gains far outpacing economists' expectations. In response to the strong jobs report, Rhett Buttle, Founder of Public Private Strategies, released the following statement: “The labor market continues to exceed economists’ expectations, with over 300,000 jobs added in March – 50% more than economists anticipated. Bipartisan investments like the Bipartisan Infrastructure Law, CHIPS & Science Act, and Inflation Reduction Act are fueling broad-based economic growth that is strengthening the labor market, increasing consumer confidence , and leading to over 16 million new small business applications in the past three years – the most ever in that period and a reflection of deep optimism among American entrepreneurs about our economic future.” “Lawmakers must continue to double down on America’s economic momentum, and that starts with addressing the issues that business owners say are their top priorities, from lowering health care and prescription drug costs to strengthening and protecting American democracy .” ### About Rhett Buttle, Founder, Public Private Strategies and President, Public Private Strategies Institute Rhett Buttle is an entrepreneur, advocate, and one of the most trusted leaders at the intersection of business and policy in Washington, DC. Most recently, Rhett served as National Business Advisor to President Joe Biden’s 2020 campaign. He has worked for President Barack Obama, Secretary of State Hillary Clinton, and Governor Arnold Schwarzenegger. Rhett is the founder of Public Private Strategies (PPS) and President of the Public Private Strategies Institute (PPSI), which works to bring together the public and private sectors to build coalitions, activate campaigns, and create strategic partnerships to drive policy and market outcomes. In these roles, he advises leading policymakers, foundations, nonprofits, and corporations. About Public Private Strategies Public Private Strategies (PPS) creates opportunities where the public and private sectors meet. We bring together diverse allies including foundations, associations, corporations, small businesses, and entrepreneurs to solve pressing societal challenges. By harnessing the power of the private sector, we build coalitions, activate campaigns, and create strategic partnerships to drive desired policy and market outcomes. Learn more at www.publicprivatestrategies.com . As the United States marks the 14th anniversary of the AffordableCare Act (ACA), more Americans now have health care coverage than ever before. Since its enactment in 2010, the ACA has been a vital tool for Main Street, providing access to affordable healthcare options and fostering a healthier, more productive workforce.
05 Apr, 2024
WASHINGTON, D.C. – Today, the Bureau of Labor Statistics released its March jobs report, showing the US economy added 303,000 jobs in March while the unemployment rate fell to 3.8%. CNN characterized US job growth in March as “whopping,” with gains far outpacing economists' expectations. In response to the strong jobs report, Rhett Buttle, Founder of Public Private Strategies, released the following statement: “The labor market continues to exceed economists’ expectations, with over 300,000 jobs added in March – 50% more than economists anticipated. Bipartisan investments like the Bipartisan Infrastructure Law, CHIPS & Science Act, and Inflation Reduction Act are fueling broad-based economic growth that is strengthening the labor market, increasing consumer confidence , and leading to over 16 million new small business applications in the past three years – the most ever in that period and a reflection of deep optimism among American entrepreneurs about our economic future.” “Lawmakers must continue to double down on America’s economic momentum, and that starts with addressing the issues that business owners say are their top priorities, from lowering health care and prescription drug costs to strengthening and protecting American democracy .” ### About Rhett Buttle, Founder, Public Private Strategies and President, Public Private Strategies Institute Rhett Buttle is an entrepreneur, advocate, and one of the most trusted leaders at the intersection of business and policy in Washington, DC. Most recently, Rhett served as National Business Advisor to President Joe Biden’s 2020 campaign. He has worked for President Barack Obama, Secretary of State Hillary Clinton, and Governor Arnold Schwarzenegger. Rhett is the founder of Public Private Strategies (PPS) and President of the Public Private Strategies Institute (PPSI), which works to bring together the public and private sectors to build coalitions, activate campaigns, and create strategic partnerships to drive policy and market outcomes. In these roles, he advises leading policymakers, foundations, nonprofits, and corporations. About Public Private Strategies Public Private Strategies (PPS) creates opportunities where the public and private sectors meet. We bring together diverse allies including foundations, associations, corporations, small businesses, and entrepreneurs to solve pressing societal challenges. By harnessing the power of the private sector, we build coalitions, activate campaigns, and create strategic partnerships to drive desired policy and market outcomes. Learn more at www.publicprivatestrategies.com . As the United States marks the 14th anniversary of the AffordableCare Act (ACA), more Americans now have health care coverage than ever before. Since its enactment in 2010, the ACA has been a vital tool for Main Street, providing access to affordable healthcare options and fostering a healthier, more productive workforce.
22 Mar, 2024
WASHINGTON, D.C. – This week, the U.S. Small Business Administration (SBA) announced the agency's first-ever voter registration agreement with the Michigan Department of State (MDOS). This landmark memorandum of understanding (MOU), signed to bolster civic engagement and voter registration efforts in Michigan, marks a significant milestone in empowering small business owners. Under the MOU, MDOS will create a dedicated URL for the SBA, enabling online visitors to easily register to vote. Additionally, MDOS officials will have the opportunity to conduct in-person voter registration at SBA's small business outreach events, providing direct support to entrepreneurs. Michigan, with its thriving small business sector of over 900,000 enterprises employing 1.9 million individuals, stands to benefit significantly from this initiative. The SBA, in an effort to bolster its mission of ensuring small businesses thrive, will also promote voter registration nationwide by integrating information from Vote.gov into its marketing materials, website, and social media channels, and through signage at SBA offices and events throughout the country. Following the announcement, Rhett Buttle, Founder of Public Private Strategies & President of the Public Private Strategies Institute, released the following statement: "Small business owners have the power to drive positive change. This historic collaboration between the SBA and MDOS underscores the shared commitment to amplifying the voices of small business owners in Michigan and across the nation. By providing access to voter registration information, businesses are supported, and our democracy is strengthened, which is crucial for our economic prosperity. This agreement fosters a culture of civic engagement that benefits us all." Small business owners interested in registering to vote in Michigan can visit the Michigan Department of State's Voter Information Center at mvic.sos.state.mi.us . For more information about the SBA's programs, financial assistance, and services supporting small businesses, visit www.sba.gov . ### About Rhett Buttle, Founder, Public Private Strategies and President, Public Private Strategies Institute Rhett Buttle is an entrepreneur, advocate, and one of the most trusted leaders at the intersection of business and policy in Washington, DC. Most recently, Rhett served as National Business Advisor to President Joe Biden’s 2020 campaign. He has worked for President Barack Obama, Secretary of State Hillary Clinton, and Governor Arnold Schwarzenegger. Rhett is the founder of Public Private Strategies (PPS) and President of the Public Private Strategies Institute (PPSI), which works to bring together the public and private sectors to build coalitions, activate campaigns, and create strategic partnerships to drive policy and market outcomes. In these roles, he advises leading policymakers, foundations, nonprofits, and corporations. About Public Private Strategies Public Private Strategies (PPS) creates opportunities where the public and private sectors meet. We bring together diverse allies including foundations, associations, corporations, small businesses, and entrepreneurs to solve pressing societal challenges. By harnessing the power of the private sector, we build coalitions, activate campaigns, and create strategic partnerships to drive desired policy and market outcomes. Learn more at www.publicprivatestrategies.com . As the United States marks the 14th anniversary of the AffordableCare Act (ACA), more Americans now have health care coverage than ever before. Since its enactment in 2010, the ACA has been a vital tool for Main Street, providing access to affordable healthcare options and fostering a healthier, more productive workforce.
20 Mar, 2024
WASHINGTON, D.C. – As the United States marks the 14th anniversary of the AffordableCare Act (ACA), more Americans now have health care coverage than ever before. Since its enactment in 2010, the ACA has been a vital tool for Main Street, providing access to affordable healthcare options and fostering a healthier, more productive workforce. Over the past decade, the ACA has significantly benefited entrepreneurs and workers by offering affordable coverage options through Health Insurance Marketplaces, providing tax credits to ease the cost of providing healthcare, and eliminating pre-existing condition exclusions. These provisions have brought stability and predictability to healthcare costs, allowing businesses to plan for the future with confidence. To mark the 14-year anniversary of the ACA, Rhett Buttle, Founder of Public Private Strategies and appointee at the Department of Health and Human Services under President Obama, released the following statement: "The Affordable Care Act has been an important milestone for businesses, entrepreneurs and workers across America. Today, more Americans have health insurance than ever before in our history. By offering affordable healthcare options and removing barriers, the ACA has allowed entrepreneurs to focus on what they do best – innovate, grow, and create jobs. “The ACA has set a strong foundation for access to high-quality and affordable care, but there’s so much more we need to do to help our job creators thrive. Building off the ACA, the Inflation Reduction Act takes important steps to tackle healthcare costs in our country. We must continue this progress and tackle these important issues. In survey after survey , small business owners have identified the cost of healthcare and prescription drug prices as their top concern. We should strengthen recent action to lower the cost of prescription drugs and continue to provide strong subsidies to make the plans offered under the ACA affordable to more Americans.” ### About Rhett Buttle, Founder, Public Private Strategies and President, Public Private Strategies Institute Rhett Buttle is an entrepreneur, advocate, and one of the most trusted leaders at the intersection of business and policy in Washington, DC. Most recently, Rhett served as National Business Advisor to President Joe Biden’s 2020 campaign. He has worked for President Barack Obama, Secretary of State Hillary Clinton, and Governor Arnold Schwarzenegger. Rhett is the founder of Public Private Strategies (PPS) and President of the Public Private Strategies Institute (PPSI), which works to bring together the public and private sectors to build coalitions, activate campaigns, and create strategic partnerships to drive policy and market outcomes. In these roles, he advises leading policymakers, foundations, nonprofits, and corporations. About Public Private Strategies Public Private Strategies (PPS) creates opportunities where the public and private sectors meet. We bring together diverse allies including foundations, associations, corporations, small businesses, and entrepreneurs to solve pressing societal challenges. By harnessing the power of the private sector, we build coalitions, activate campaigns, and create strategic partnerships to drive desired policy and market outcomes. Learn more at www.publicprivatestrategies.com . As the United States marks the 14th anniversary of the AffordableCare Act (ACA), more Americans now have health care coverage than ever before. Since its enactment in 2010, the ACA has been a vital tool for Main Street, providing access to affordable healthcare options and fostering a healthier, more productive workforce.
08 Mar, 2024
WASHINGTON, D.C. – Last night, President Biden delivered the State of the Union Address and focused heavily on the economy and the strength of small businesses as a critical part of America’s economic resurgence. Following the President’s address, business leaders and small business owners across the country shared their reactions and outlook on the economy. Here’s what they’re saying. Ron Busby Sr., President & CEO, U.S. Black Chambers, Inc. (USBC): "The U.S. Black Chambers, Inc. (USBC) acknowledges President Biden's recent State of the Union Address and its significance in outlining the administration's priorities for the nation. As the nation’s voice of Black businesses, we commend President Biden’s reaffirmed commitment to ensure more of our small businesses can access the capital and resources necessary to thrive in the years ahead. "While we applaud the progress of several policy initiatives outlined by President Biden, we continue to emphasize the necessity of a comprehensive approach to address the unique challenges facing Black entrepreneurs and communities, including the safeguarding public sector programs fostering diversity, equity, and inclusion initiatives for a more just economy. Given the onslaught of executive order policies focusing on advancing racial equity since the beginning of this administration, the USBC believes that President Biden should be more intentional at outlining his progress on commitments made to create a fairer country. "As advocates for economic justice, the USBC remains dedicated to collaborating with the administration, Congress, and other stakeholders to ensure that federal policy measures translate into tangible improvements for the entire Main Street ecosystem. We encourage a continued dialogue that addresses the root causes of economic disparities while actively promoting initiatives fostering growth, sustainability, and prosperity for the Black Americans and our business community." Rhett Buttle, Founder, Public Private Strategies & President, Public Private Strategies Institute: “Three years ago, the American economy was on the brink. We were in the midst of a deadly pandemic. Small businesses across the country were struggling with the fallout from COVID. Attacks on the foundation of American democracy had rattled consumer and investor confidence. “The past three years have been defined by America’s historic economic resurgence thanks to bipartisan investments in infrastructure, manufacturing, workers, and small businesses. The provisions of the American Rescue Plan, Bipartisan Infrastructure Law, CHIPS and Science Act, and the Inflation Reduction Act are generating impressive economic growth that is fueling a small business boom and benefiting Americans across the economy. “The proof is in the data. Consumer sentiment is approaching the highest levels we’ve seen since the onset of COVID. Inflation has cooled to 3.1%. Wage growth has been steadily above 5% for the past two years, with most of the wage gains benefitting middle-income and low-income households. The stock market continues to hit record highs. There have been 16 million new small business applications in the past 3 years, the strongest period on record. And unemployment remains well below 4%. “Despite these successes, there is so much work to be done at home and abroad to defend democracy and strengthen the economy. We need to continue to focus on protecting our democracy, the foundation of a strong economy. We must continue investing in economic policies like tax fairness and lowering healthcare costs that help small businesses thrive. And we must continue targeting investments to historically disadvantaged small businesses to create a fair economy full of Good Jobs and strong growth. “The Administration has indicated that they are ready to double down on its investment in American jobs and American businesses by promoting competition, slashing junk fees and price gouging, and building a business environment with a level playing field. Small business and the private sector must be at the center of this work, and we at Public Private Strategies look forward to working with the President and all policymakers -- across any affiliation -- to do this work.” Ramiro Cavazos, President & CEO, United States Hispanic Chamber of Commerce (USHCC): “Hispanic-owned businesses across the country continue to thrive as a result of bipartisan policies, including the Infrastructure Investment and Jobs Act and the CHIPS and Science Act. Both acts have spurred renewed investment in critical industries, from manufacturing and energy to construction. Hispanic business owners have established strong footprints in these industries, and as a result, are creating more jobs and fueling economic growth. “The United States Hispanic Chamber of Commerce is encouraged by federal investments that are rebuilding America's infrastructure for the 21st century and strengthening domestic supply chains. These investments are creating more opportunities for Hispanic entrepreneurs, as Latino business ownership has grown at the fastest pace in at least a decade, rising from 7% to 10% between 2019 and 2022. In addition, we’re optimistic about the potential of the State Small Business Credit Initiative to coordinate with Community Development Financial Institutions and other microlending institutions, presenting opportunities to direct capital toward minority business owners. “To support the five million Hispanic-owned businesses in the U.S., the USHCC urges President Biden and Congress to build on investments that have supported strong economic growth." Lisa Coppola, Board Chair, National Association of Women Business Owners (NAWBO): “In the last three years, we’ve seen an undeniable growth in new small businesses across the country. In 2023 alone, women-created businesses overall increased by 17%, and they’re driving significant economic gains across key industries including manufacturing, construction and home improvement. “This impressive growth is the result of important investments made through bipartisan legislation, including the Infrastructure Investment and Jobs Act and the CHIPS & Science Act, which have driven federal investment towards manufacturing and construction. The CHIPS and Science Act has also spurred crucial investments in childcare options, no doubt leveling the playing field for working mothers. “We look forward to working with Congress, and the Administration, to increase opportunities for women-owned businesses across the country.” Angela Dingle, President & CEO, Women Impacting Public Policy (WIPP): “On behalf of America’s 14 million women owned businesses, Women Impacting Public Policy applauds the President’s address to Congress, which highlighted the historic growth of new small businesses in the last three years. Women have been on the forefront of this historic boom in small business, in fact, from 2022 to 2023, the rate of growth for women owned businesses increased to 4.5 times that of their male counterparts. Women are also securing higher paying jobs and growing their footprint in traditionally male dominated fields, including construction, HVAC, and plumbing. “This is in part a result of strong federal investments in those industries via the Bipartisan Infrastructure Law, the CHIPS and Science Act and the Inflation Reduction Act. Through these investments, women owned firms have expanded access to contracting opportunities and more resources to grow their businesses. We look forward to working with the Administration and Congress to ensure that Women Owned Small Businesses (WOSBs) have access to opportunities in the Invest in America Agenda.” Chris James, President and CEO, The National Center for American Indian Enterprise Development: “Indian Country businesses have a true friend in the Biden-Harris Administration. The American Rescue Plan, the Bipartisan Infrastructure Law, and the Inflation Reduction Act included historic investments in Indian Country, helping tribal and Native-owned businesses survive - and even thrive - despite facing strong economic headwinds. Since then, the Administration’s successful effort to boost federal procurement for Native-owned businesses and executive order that empowers tribes to take control of their own destinies prove its commitment was far more than a flash in the pan. We look forward to continuing to be a part of the Administration’s inclusive economic agenda that leans into the idea that we are much stronger united than divided.” Carolina Martinez, CEO, California Association for Microenterprise Opportunity (CAMEO): “During the President’s State of the Union, we were pleased to see him continue to emphasize the important contributions that micro-business owners, especially, women of color, have made to our economy – truly highlighting how they have been engines of economic power. “In the last three years, we’ve witnessed a historic boom in small businesses, driven in part by critical federal investments in key industries, including manufacturing, construction, tech, and energy. In California and across the country, we are energized to see the growth that micro-businesses are experiencing due to these once in a lifetime investments. “Micro-businesses have emerged as key contributors to growth and innovation, punching above their weight with respect to job creation, often outpacting larger firms. These firms continue to have a larger impact on the economy as their ranks expand, and that growth is largely being driven by women, who now represent 40% of all self-employed individuals, up from 34% in 2016. “We hope that in the months ahead, the Administration will continue to find ways to continue to invest in innovative lending programs to support micro-businesses. We know that deployment of capital programs, such as the State Small Business Credit Initiative (SSBCI), which has allocated $3.4 billion to be deployed or administered by CDFIs across the country, has provided much need capital in support of micro-businesses, we hope the Administration will continue to make those types of investment going forward.” Ying McGuire, President and CEO, National Minority Supplier Development Council: “In the wake of President Biden's State of the Union address, we celebrate the economic achievement Americans have experienced thanks to the efforts of the past few years. The passage of the Bipartisan Infrastructure Bill, the Inflation Reduction Act, and the CHIPS and Science Act are already generating growth and innovation across the country proving that investing in America yields results that will last for generations. “In just three years, we have witnessed the historic milestone of 16 million new business applications filed – proof that even in the face of uncertainty as we emerged together from a global pandemic, the spirit of America – one of courage and resilience – can meet any challenge. This is especially true for Black, Hispanic, AAPI, and Native American individuals who saw accelerated economic growth due to both the president’s leadership and their communities' drive to see the American dream fully manifest. This collective effort across America's diverse communities shows our differences make our nation stronger. Minority businesses are at the heart of that transformation, and we thank the Biden Administration for championing the economic growth of MBEs all across the country.” Justin Nelson, President & Co-Founder, National LGBT Chamber of Commerce (NGLCC): “Over the past three years, there has been remarkable growth in small business creation, surpassing expectations in the post-pandemic economy. Within this period of notable small business expansion, LGBTQ+ owned businesses have particularly stood out with impressive growth. From January to July 2023, there was a notable 33% increase in LGBTQ+ business ownership. “Many factors can be attributed to this strong growth, including significant federal investments in key industries through bipartisan legislation, including the Infrastructure Investment and Jobs Act and the CHIPS and Science Act. Once in a lifetime investments made through these laws have already begun to create opportunities for LGBTQ+ firms to access capital for their businesses through contracting and grant opportunities. “The nation’s estimated 1.4 million LGBTQ businesses, who contribute over $1.7 trillion to the US economy annually, have helped fuel this economic growth and urge Congress and the Administration to build on crucial investments that have helped entrepreneurs start and grow businesses.” Chiling Tong, President & CEO, National Asian Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE): “Since 2021, we’ve witnessed historic growth in small business ownership as more than 16 million new small businesses have opened. Policies signed into law under the Biden Harris Administration, including the Infrastructure Law, the CHIPS and Science Act and the Inflation Reduction Act are helping drive this historic growth of small businesses. “Among the 16 million new small businesses, America's Asian American Pacific Islander (AAPI) small businesses have demonstrated unparalleled growth, soaring by an impressive 13% from January to July 2023. Notably, Asian American women-owned businesses exhibited remarkable dynamism, registering a commendable 7.5% growth between July 2019 and 2023. “We’re pleased to see the sustained growth of AAPI small businesses, and look forward to helping more AAPI entrepreneurs grow their businesses through our Capital Readiness Program, which supports the development of technical assistance programming and small business incubators across the country.” Anne Zimmerman, Founder & Owner, Zimmerman & Co. CPAs and Treasurer of Anderson Area Chamber of Commerce in Cincinnati, Ohio, and Small Business for America’s Future Co-Chair: “I was glad to hear in the State of the Union Address that the commitment to the economy remains strong because it's clear that our nation's economic vitality is closely tied to the health of our small businesses. With record low unemployment and strong demand for workers, bipartisan policies such as the CHIPS and Science Act, Bipartisan Infrastructure Act, and the Inflation Reduction Act have been instrumental in paving the way for small businesses to lead in job creation. With a record 10.2 million new small business starts since 2021, establishing a fair tax code is crucial for their success and for the country to capitalize on the potential economic activity that this boom in entrepreneurship could deliver. I urge our lawmakers to maintain their support for small businesses, recognizing their pivotal role in our ongoing economic prosperity.” ###
07 Mar, 2024
WASHINGTON, D.C. – This evening, President Biden will deliver the State of the Union Address and is expected to discuss the economy and the strength of small businesses as a critical part of America’s economic resurgence. Ahead of the President’s address, Rhett Buttle, Founder, Public Private Strategies & President, Public Private Strategies Institute, released the following statement: “Three years ago, the American economy was on the brink. We were in the midst of a deadly pandemic. Small businesses across the country were struggling with the fallout from COVID. Attacks on the foundation of American democracy had rattled consumer and investor confidence. “The past three years have been defined by America’s historic economic resurgence thanks to bipartisan investments in infrastructure, manufacturing, workers, and small businesses. The provisions of the American Rescue Plan, Bipartisan Infrastructure Law, CHIPS and Science Act, and the Inflation Reduction Act are generating impressive economic growth that is fueling a small business boom and benefiting Americans across the economy. “The proof is in the data. Consumer sentiment is approaching the highest levels we’ve seen since the onset of COVID. Inflation has cooled to 3.1%. Wage growth has been steadily above 5% for the past two years, with most of the wage gains benefitting middle-income and low-income households. The stock market continues to hit record highs. There have been 16 million new small business applications in the past 3 years, the strongest period on record. And unemployment remains well below 4%. “Despite these successes, there is so much work to be done at home and abroad to defend democracy and strengthen the economy. We need to continue to focus on protecting our democracy, the foundation of a strong economy . We must continue investing in economic policies like tax fairness and lowering healthcare costs that help small businesses thrive. And we must continue targeting investments to historically disadvantaged small businesses to create a fair economy full of Good Jobs and strong growth. “The Administration has indicated that they are ready to double down on its investment in American jobs and American businesses by promoting competition, slashing junk fees and price gouging, and building a business environment with a level playing field. Small business and the private sector must be at the center of this work, and we at Public Private Strategies look forward to working with the President and all policymakers -- across any affiliation -- to do this work.” ###
12 Jan, 2024
WASHINGTON, D.C. – Today, the Biden-Harris Administration announced a record 16 million new small business applications in the last three years. The numbers also highlighted that diverse-owned businesses are on the rise. These statistics are a testament to the significant impact that the Investing in America agenda has had for businesses owners, diverse businesses, and their communities. The record number of new business applications is also a sign that small businesses and entrepreneurs are confident and optimistic about the economy, generating resilient and competitive markets, and growing opportunities for Americans. Following the announcement, Rhett Buttle, Founder of Public Private Strategies, released the following statement: “This historic number of new business applications is an exciting sign of the economic resilience of American entrepreneurial spirit. As a result of the investment through the Investing America agenda, led by the Biden-Harris Administration and Congress, small business owners and entrepreneurs are newly equipped with the tools necessary to succeed and excel. These investments, the majority of them the result of bipartisan cooperation, from the Bipartisan Infrastructure Law, Inflation Reduction Act, and Chips and Science Act, are delivering for communities across the country and creating an economy where businesses small and large can thrive. Coming out of the global pandemic the United States has seen unprecedented growth with major new federal investments providing small business owners and entrepreneurs with the tools and resources to generate new businesses, jobs, and a strong economic future.” ###
12 Jan, 2024
WASHINGTON, D.C. – Last week, a bipartisan group of members from both the Senate and the House of Representatives announced an effort to advance paid leave legislation. The new, bicameral efforts will explore solutions to paid parental, caregiving, and personal medical leave for all Americans. The bipartisan group is seeking input from advocacy, business, and other stakeholder organizations to ensure the policies put forth by the group are effective and meaningful for employers and employees. The Request for Information creates a framework for stakeholder input and ensures that small and large business voices are heard throughout the process. In May, Public Private Strategies facilitated a roundtable with the House Paid Leave Working Group and small business leaders and owners from 11 organizations to discuss the opportunities and challenges to offering paid family and medical leave benefits for employees. The roundtable explored potential pathways forward for both small business owners and the self employed. In a report published by the House Paid Leave Working Group, key findings from the roundtable included: Small business owners want to provide paid leave to their workers. Small businesses recognize that paid family leave would level the playing field with large employers, helping them compete with larger employers to attract and retain workers. Highlighting how government supported solutions to expand access to paid leave can incentivize entrepreneurship by giving entrepreneurs themselves access to the benefit. Small business owners want to provide the benefit, they grapple with two primary challenges in doing so: cost and staffing. Following the announcement, Katie Vlietstra Wonneberg, Principal of Public Private Strategies, released the following statement: “The announcement last week of the Senate Bipartisan Working Group and the Bicameral Bipartisan RFI to explore solutions around paid leave is an exciting new step in the right direction to creating a paid leave policy. In the 30 years since the creation of FMLA, we have yet to advance paid leave that is inclusive of all size businesses. “The business community has been active in the conversations over the past year in coordination with the House Bipartisan Work Group. With the next iteration of these conversations being convened in the Senate, there is a great opportunity to continue to engage with the business community, who see paid leave as a way to ensure small businesses can compete for talent, provide a valued benefit to employees, and ensure continuity in their workforce. Public Private Strategies applauds the bicameral, bipartisan efforts to ensure that all stakeholders are invited to participate and explore innovative pathways forward on paid leave. We welcome the opportunity to work closely with each office to provide insights and expertise on a framework that works for all businesses including the self employed.” ###
19 Dec, 2023
WASHINGTON, D.C. – Last week, a bipartisan group of members from both the Senate and the House of Representatives announced an effort to advance paid leave legislation. The new, bicameral efforts will explore solutions to paid parental, caregiving, and personal medical leave for all Americans. The bipartisan group is seeking input from advocacy, business, and other stakeholder organizations to ensure the policies put forth by the group are effective and meaningful for employers and employees. The Request for Information creates a framework for stakeholder input and ensures that small and large business voices are heard throughout the process. In May, Public Private Strategies facilitated a roundtable with the House Paid Leave Working Group and small business leaders and owners from 11 organizations to discuss the opportunities and challenges to offering paid family and medical leave benefits for employees. The roundtable explored potential pathways forward for both small business owners and the self employed. In a report published by the House Paid Leave Working Group, key findings from the roundtable included: Small business owners want to provide paid leave to their workers. Small businesses recognize that paid family leave would level the playing field with large employers, helping them compete with larger employers to attract and retain workers. Highlighting how government supported solutions to expand access to paid leave can incentivize entrepreneurship by giving entrepreneurs themselves access to the benefit. Small business owners want to provide the benefit, they grapple with two primary challenges in doing so: cost and staffing. Following the announcement, Katie Vlietstra Wonneberg, Principal of Public Private Strategies, released the following statement: “The announcement last week of the Senate Bipartisan Working Group and the Bicameral Bipartisan RFI to explore solutions around paid leave is an exciting new step in the right direction to creating a paid leave policy. In the 30 years since the creation of FMLA, we have yet to advance paid leave that is inclusive of all size businesses. “The business community has been active in the conversations over the past year in coordination with the House Bipartisan Work Group. With the next iteration of these conversations being convened in the Senate, there is a great opportunity to continue to engage with the business community, who see paid leave as a way to ensure small businesses can compete for talent, provide a valued benefit to employees, and ensure continuity in their workforce. Public Private Strategies applauds the bicameral, bipartisan efforts to ensure that all stakeholders are invited to participate and explore innovative pathways forward on paid leave. We welcome the opportunity to work closely with each office to provide insights and expertise on a framework that works for all businesses including the self employed.” ###
21 Nov, 2023
WASHINGTON, D.C. – Since 2010, Small Business Saturday has recognized and celebrated the contributions of small, independent businesses, which are the foundation of the U.S. economy and the lifeblood of local communities. November and December account for almost 20% of small businesses total retail sales each year, making the holiday season a critical time for local entrepreneurs, Main Streets across the country, and economic growth overall. Due to the economic investments made by the Biden-Harris Administration including the Bipartisan Infrastructure Law, Inflation Reduction Act, and CHIPS and Science Act, we have seen historic investments in small businesses. A recently released fact sheet by the White House shows the impact of these investments in communities, including a record 14.6 million applications to start businesses. Ahead of this year’s Small Business Saturday, Rhett Buttle, Founder of Public Private Strategies, released the following statement: “The holiday season is one of the most vital times of the year for small businesses, bringing workers, consumers, communities, and the economy together and generating innovation and prosperity,” said Rhett Buttle. “Small businesses employ over 61 million Americans, about half of private sector employees, and are the backbone of our communities and economy. Data from the U.S. Census Bureau on new small business applications shows that the past two years have been the strongest two years on record for new small business applications – as a result of the Investing in America agenda. As entrepreneurs continue to build small businesses, economic growth flows into communities across the country, encouraging investments and fostering a stronger economy and democracy.” Here are Some of the Public Private Strategies Team’s Favorite Small Businesses: Beuch e rt’s Saloon - District of Columbia Hill’s Kitchen - District of Columbia Salt & Sundry - District of Columbia Brave + Kind Bookshop - Georgia Revelry Brewing - Maryland Snug Books - Maryland Pamela Salisbury - New York Sphere + Sundry - Online Brut Champagne and Wine Bar - Virginia Grooming Store - Virginia Reedville Coffee House - Virginia Independent K9 - West Virginia ###
More Posts
Share by: