WASHINGTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Today, President Joe Biden and Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in the President's Cabinet for America's more than 34 million small businesses, announced new data showing that entrepreneurs have filed more than 20 million business applications under the Biden-Harris Administration, an all-time high for any four-year period on record.

"When taking the measure of our economy, business startup activity is a clarifying metric - and in the last four years, Americans have powered our economy through entrepreneurship," said SBA Administrator Guzman. "Today, the Small Business Boom reached yet another historic milestone with more than 20 million new business applications filed since President Biden took office. This return to business dynamism has been strengthened in part by the SBA's many capital reforms, which have funded entrepreneurs - particularly those from traditionally underserved communities who lacked viable financing options - to start, run, and grow their businesses. When the historians write this chapter of America's story, startup activity and business dynamism will loom large."

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