FOR IMMEDIATE RELEASE

Media Contact:
Janel Knight Trulear
janel@emccommunications.com
(617) 875-6581

STATEMENT: President’s Economic Vision Paying off for Small Business

Small Business for America’s Future Co-chair Anne Zimmerman comments on President Joe Biden's economic speech and commitment to bolstering small businesses

June 28, 2023–President Biden's speech today detailing his middle-out approach to the economy rings true for the small business community, because we’ve already seen how smart government investments in key sectors of the economy can spark growth that benefits Main Street.

We are encouraged by the president's commitment to large-scale investments in infrastructure and manufacturing, which are vital sectors directly impacting the prosperity and stability of small businesses. Investment in infrastructure across the U.S., including providing high-speed internet connectivity to everyone, has direct benefits for small businesses. Enhanced infrastructure and improved internet connectivity can aid businesses in reaching a broader customer base, improving their operations, and participating in digital commerce more effectively.

SBAF's surveys of small business owners provide solid backing for such policies. In fact, an overwhelming 76% of small business owners recognize that these substantial investments will boost the economy. Moreover, a strong 72% are confident that the president’s economic investments in infrastructure and manufacturing will directly aid their businesses, offering them opportunities for expansion and consolidation.

Most small business owners are members of the middle-class who are the focus of this economic approach. Their operations are the lifeblood of local economies, creating jobs and fostering community development. This focus on bolstering key sectors, therefore, serves to enhance their capacities and broaden their horizons. Small businesses and the communities where they operate stand to gain immensely from investments that lead to a robust, fair economy underpinned by substantial infrastructure and manufacturing investments.

Lawmakers in Washington should follow the president’s lead and focus on creating policies that will stimulate economic growth, support small businesses, and by extension, ensure the prosperity of our communities and the nation as a whole.

Here is what small business owners are saying about the speech:

"As a small business owner, I can attest to the positive potential of President Biden's economic vision. I see the direct benefits of increased infrastructure and manufacturing investments in my operations. This kind of attention to the needs of Main Street businesses is precisely what we need to recover from the hardships of the past years and propel us into a prosperous future." -Stephanie Rowell, Founder of Chamilleon Enterprises, Chicago, IL 

"I support President Biden's strategic economic focus. The promise of significant investments in key sectors is music to my ears. These initiatives directly impact small business owners, driving growth and jobs in our communities. I'm encouraged by the president's recognition of our important role in the national economy."-Nat Rosasco, Owner of Olive Street Design, Elmhurst, IL 

"The president's approach to the economy is a breath of fresh air. His policies are set to bolster small businesses, like mine, by investing in infrastructure and manufacturing that provide us with opportunities to do business and the tools we need to compete. It's an approach that recognizes the importance of small business to the American economy, and as a middle-class business owner, I feel optimistic about what this means for the future of my business." -Channal Coleman, CEO and Founder of It's Official Barbershop, Chicago, IL

“Small business owners are hard-working citizens who contribute greatly to the communities in which they operate. Minority small business owners have long understood that our success is interwoven with the success of the communities in which we operate much more than a larger corporation.  Minority businesses employ individuals who live in the communities in which they operate much more than large firms and these workers are dependent upon their jobs to survive.  While larger firms have experienced significant recovery post Covid, this has not been the case with small minority firms.  I am excited by the prospects of how the president's Bidenomics plan can help stimulate growth for minority small businesses like mine too which is greatly needed”.  -Suzanne Stantley, Founder & CEO of BE Group, Inc., Chicago, IL 

To request an interview with Small Business for America’s Future Network Co-Chair Anne Zimmerman or a small business owner, contact Janel Knight Trulear at 617-875-6581 or janel@emccommunications.com.

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About Small Business for America’s Future
Small Business for America’s Future is a national coalition of small business owners and leaders working to provide small businesses a voice at every level of government. We’re committed to ensuring policymakers prioritize the nation’s 30 million small businesses to create an economy that works for them, their workers and their communities. Visit www.smallbusinessforamericasfuture.org. Follow us on Twitter and Facebook. #SmallBizAF.