💨 Abstract

The Biden Administration has announced a record 20 million new small business applications filed since President Biden took office, emphasizing the commitment to supporting small businesses as the backbone of the economy. The Vice President, Kamala Harris, stated that small businesses create jobs and expand opportunities, particularly in overlooked and underserved communities. The Administration has invested billions in community lenders to provide essential financial support to these businesses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖