Presidential Document2024-25805
National Entrepreneurship Month, 2024
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 5, 2024
Signed
October 31, 2024
Issuing agencies
Executive Office of the President
Full Text
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<title>Federal Register, Volume 89 Issue 214 (Tuesday, November 5, 2024)</title>
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[Federal Register Volume 89, Number 214 (Tuesday, November 5, 2024)]
[Presidential Documents]
[Pages 87771-87772]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-25805]
Presidential Documents
Federal Register / Vol. 89, No. 214 / Tuesday, November 5, 2024 /
Presidential Documents
[[Page 87771]]
Proclamation 10850 of October 31, 2024
National Entrepreneurship Month, 2024
By the President of the United States of America
A Proclamation
Entrepreneurs embody the essence of America--their
ideas and energy have always kept our country on the
cutting edge, and their determination and drive uplift
communities, create millions of jobs, and keep our
Nation moving forward. This month, we celebrate their
unstoppable spirit.
Supporting entrepreneurs, especially small business
owners, has always been key in growing our economy from
the middle out and bottom up, giving everyone a fair
shot to get ahead. Many entrepreneurs are at the heart
and soul of their communities, running the mom-and-pop
shops that are the glue of our neighborhoods. But when
Vice President Harris and I took office, hundreds of
thousands of small businesses had been forced to close
down due to the pandemic, and millions more were
hanging by a thread. Not only were entrepreneurs'
livelihoods on the line but also their life's savings
and hopes of growing wealth for the next generation.
That is why Vice President Harris and I were committed
to investing in America's entrepreneurs and innovators.
My American Rescue Plan provided billions of dollars in
capital and support to small businesses. My CHIPS and
Science Act is investing more into research and
manufacturing than ever before, building the high-tech
industries of the future and the small-business supply
chains to support them right here at home while helping
them expand their businesses in high-growth, high-wage
industries. And my Inflation Reduction Act is
incentivizing manufacturers to help tackle the climate
crisis using American suppliers while cutting down on
entrepreneurs' overhead costs like health insurance and
energy bills.
The Biden-Harris Administration is also committed to
ensuring every small business and entrepreneur has a
fair shot. This year, the Small Business Administration
(SBA) provided a record $56 billion through more than
100,000 small business financings--the most in more
than 15 years and a 50 percent increase over 2020. The
Federal Government has invested tens of billions of
dollars into small disadvantaged businesses. The SBA is
lending tens of billions of dollars to small businesses
that would otherwise struggle to access capital. Since
2020, the number of SBA-backed loans doubled for women-
owned businesses, tripled for Black-owned businesses,
more than doubled for Latino-owned businesses, and
increased by about 70 percent for Asian American-owned
businesses. And my Bipartisan Infrastructure Law also
made the Minority Business Development Agency permanent
to help close the gap for these and other entrepreneurs
from underserved and underrepresented communities too
long left behind.
Today, entrepreneurs across the country have filed
nearly 20 million new business applications since Vice
President Harris and I took office--each an act of hope
and confidence in our economy. A record number of those
businesses are being opened by Black, Latino, and women
entrepreneurs. And 16 million new jobs have been
created.
I have often said that America can be defined in one
word: possibilities. That is what entrepreneurship is
all about. During National Entrepreneurship Month, we
honor every entrepreneur with a vision for something
better
[[Page 87772]]
and the grit to make it real, growing our economy and
creating new possibilities for everyone.
NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of
the United States of America, by virtue of the
authority vested in me by the Constitution and the laws
of the United States, do hereby proclaim November 2024
as National Entrepreneurship Month. I call upon all
Americans to commemorate this month with appropriate
programs and activities and to celebrate November 19,
2024, as National Entrepreneurs' Day.
IN WITNESS WHEREOF, I have hereunto set my hand this
thirty-first day of October, in the year of our Lord
two thousand twenty-four, and of the Independence of
the United States of America the two hundred and forty-
ninth.
<GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT>
(Presidential Sig.)
[FR Doc. 2024-25805
Filed 11-4-24; 8:45 am]
Billing code 3395-F4-P
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</html>Indexed from Federal Register on November 5, 2024.
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