Historic Legislative Accomplishments Help Fuel Record Small Business Applications

WASHINGTON, D.C., January 17, 2023 – Today, The U.S. Census Bureau released data on new small business applications. The data shows that the past two years have been the strongest two years on record for new small business applications. The 5 million applications in 2022 were second only to 2021, with 10.5 million total new business applications combined since President Biden took office.

In response to today’s news, Rhett Buttle, Founder and Principal of Public Private Strategies, released the following statement:

“Today’s data from The U.S. Census Bureau is a testament to the entrepreneurial spirit of America. It also shows that good legislation and smart policy like recent bipartisan efforts including the American Rescue Plan, the Bipartisan Infrastructure Law, and CHIPS are helping to power new opportunities & business starts across the country. 

“The Biden-Harris administration & policymakers have worked closely with small business leaders and advocates to craft bipartisan investments to help small businesses bounce back from the Covid-19 pandemic, level the playing field and increase economic opportunity and competition, and deliver historic funding for infrastructure and supply chain resilience that will strengthen the economic landscape for small businesses for decades to come. 

“While this is great news. There is more work to do to help support our nation’s job creators. Small business advocates look forward to continuing to work with both parties in the new Congress & the Administration to build on the successes of the past two years and ensure small businesses have the support they need to overcome challenges, innovate, and grow.”

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