Willis Lonzer, President of Alpha Phi Alpha Fraternity, Inc.ĭanette Anthony Reed, President of Alpha Kappa Alpha Sorority Inc. Liberty, International President – Sigma Gamma Rho Sorority, Inc.ĭr. Isabella Casillas Guzman, Administrator of the U.S. The American Rescue Plan provided emergency grants, lending, and investment to hard-hit small businesses – including Black businesses – so they recover, hire, and thrive. Over the last two years, Americans have applied to start 10.5 million new businesses, making 20 the strongest two years on record for new business applications, and with new business creation especially strong among entrepreneurs of color. Through the American Rescue Plan and the equitable implementation of emergency relief programs, President Biden, Vice President Harris, and Administrator Guzman have fostered the most equitable economic recovery on record. Under the Biden Administration, the SBA has worked to advance equity and ensure the dream of business ownership for Black Americans and entrepreneurs in all communities nationwide. Together, both organizations celebrated their partnership and ongoing collaboration. The group also discussed SBA’s recent changes to improve access to capital for small business owners from historically disadvantaged backgrounds. To the Paycheck Protection Program (PPP) loan program and other COVID relief programs that allowed more entrepreneurs from underserved communities to access relief. As part of the SBA’s ongoing collaboration with the National Pan-Hellenic Council, the event followed Divine Nine Day on Capitol Hill and highlighted the supplemental agreement between the SBA and the Divine Nine, which enhances the work between the two organizations and allows for new collaboration opportunities.Īdministrator Guzman discussed President Biden’s Investing in America economic agenda, federal contracting opportunities, and expanding opportunities for Black entrepreneurs. Joined the leaders of the National Pan-Hellenic Council for a roundtable discussion on bolstering Black entrepreneurship in America. WASHINGTON, J(GLOBE NEWSWIRE) - On Monday, June 5, 2023,
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