Statement by SBA Administrator Guzman on Anniversary of American Rescue Plan
WASHINGTON, March 11, 2024 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 33 million small businesses, issued the following statement on the anniversary of President Joe Biden’s American Rescue Plan:
- WASHINGTON, March 11, 2024 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 33 million small businesses, issued the following statement on the anniversary of President Joe Biden’s American Rescue Plan:
“Three years ago, President Biden signed the American Rescue Plan which catalyzed our nation’s unprecedented economic recovery – the strongest of any of the world’s major economies. - Since then, the United States has enjoyed a historic Small Business Boom with a record 16.5 million new business applications , including 5.5 million in 2023 alone.
- “None of this tremendous growth would have been possible without the American Rescue Plan and the critical role it played in not only saving but strengthening Main Streets across America.
- “The American Rescue Plan is foundational to the Biden-Harris Administration’s Investing in America agenda, and small businesses are at the heart of the country’s unmatched recovery – historically creating two-thirds of net new jobs and over 40% of our nation’s economic output.