White House Report Card Shows Record Small Business Formation Under Biden Administration

The Biden-Harris Administration has released a report card that highlights a record high in new business formation and job creation among small businesses since the implementation of the President’s small business agenda. The report details the administration’s efforts to support small businesses, such as the distribution of pandemic assistance, expanding access to capital, and utilizing federal dollars from the Investing in America agenda. Additionally, the Council of Economic Advisers has published a new analysis outlining the potential benefits to small businesses from the President’s investments in America. However, the report also cautions that small businesses may face harm from a proposed House Republican bill, which could potentially reduce funding for critical programs that support them, putting jobs and the economy at risk.