FEDERALpresidential document

Presidential Proclamation: National Entrepreneurship Month 2024

Original title: National Entrepreneurship Month, 2024

October 31, 2024

small business economy entrepreneurship federal funding minority business development

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The Frame

What this does

This document outlines the current administration's economic priorities and federal support programs available to small business owners and entrepreneurs.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Small business owners

These individuals are the primary focus of the federal financing programs and legislative initiatives mentioned in the proclamation.

Minority-owned businesses

These businesses are the target of specific lending increases and the permanent establishment of the Minority Business Development Agency.

What changed

Last recorded activity October 31, 2024.

What's next

Next step not available in the current record.

Summary

President Biden has proclaimed November 2024 as National Entrepreneurship Month and designated November 19, 2024, as National Entrepreneurs' Day. The highlights administration efforts to support small businesses through federal funding, legislative acts, and initiatives aimed at underserved communities.

Key Facts

November 2024 is proclaimed as National Entrepreneurship Month.
November 19, 2024, is designated as National Entrepreneurs' Day.
The SBA provided $56 billion in financing to small businesses in 2024.
Nearly 20 million new business applications have been filed since the start of the current administration.
SBA-backed loans for Black, Latino, and women-owned businesses have increased significantly since 2020.

Frequently Asked Questions

What is the purpose of National Entrepreneurship Month?

It is a commemorative month designated by the President to honor entrepreneurs and recognize their contributions to the economy and job creation.

How much funding did the SBA provide to small businesses in 2024?

The SBA provided a record $56 billion through more than 100,000 small business financings.

Why It Matters

This document outlines the current administration's economic priorities and federal support programs available to small business owners and entrepreneurs.

News Coverage

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Related Legislation

Federal Bill

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Institutionalization of Minority Business Support

The document highlights the permanent establishment of the Minority Business Development Agency via the Bipartisan Infrastructure Law as a key shift in federal support structures.

Minority Business Development Agency Bipartisan Infrastructure Law