Comments by "Voix de la raison" (@voixdelaraison593) on "White House: This is the closest we've been to Hamas hostage deal" video.
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@arizjones Then you will love this:
Treasury Department Releases Report Card on How President Biden’s Investing in America Agenda is Supporting Record Small Business Growth
October 23, 2023
New data show how communities are using the nearly $22 billion made available for thousands of small business support projects across three Treasury Department-led programs, in addition to $12.8 billion reported for over 4,200 worker support projects
WASHINGTON – Today, the U.S. Department of the Treasury released a report card detailing how the Department’s implementation of federal investments in entrepreneurs and small businesses – including those in President Biden’s American Rescue Plan – are sustaining the continued record growth in small business creation. These programs are key to the Biden-Harris Administration’s strategy to strengthen the small business creation seen since the start of this Administration by expanding access to capital and customers, and by providing entrepreneurs the resources they need to succeed.
In January, the Census Bureau released data which show that Americans have applied to start 10.5 million new businesses over the last two years, making 2021 and 2022 the strongest two years on record for new business applications. To sustain small business growth, record demand was met with new federal resources. The Treasury Department has taken the lead role in implementing programs and initiatives to support small businesses across all communities. The Department’s work has also helped these funds reach traditionally underserved entrepreneurs and small businesses that will ensure the small business boom grows the economy in communities that were disproportionately harmed by the pandemic.
Through June 2023, three Treasury Department-led programs – the State Small Business Credit Initiative (SSBCI), State and Local Fiscal Recovery Funds (SLFRF), and Emergency Capital Investment Program (ECIP) – have together provided billions of dollars for projects and lending to grow the small businesses ecosystem.
The State Small Business Credit Initiative – reauthorized and expanded under President Biden’s American Rescue Plan – provides nearly $10 billion to increase access to capital and promote entrepreneurship, including $2.5 billion in funding and incentives to support underserved businesses and jurisdictions that are successful in reaching those businesses. To date, the Treasury Department has announced the approval of applications for capital programs representing $8.2 billion in potential funding. SSBCI funding is expected to catalyze up to $10 of private investment for every $1 of SSBCI capital funding.
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