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By Beto Yarce

Updated: 1 hour ago Published: 1 hour ago

President Biden’s Economic Strategy

President Biden’s strategy to build the American economy from the middle out and bottom up has already garnered extraordinary results. This includes an unprecedented number of applications to start businesses than our nation has ever experienced: more small business applications have been filed since January 2021 than in any period in our nation’s history. During this time, more than 18 million applications have been filed nationally. In the Pacific Northwest, we’ve seen nearly 650,000 applications filed including 30,000 applications filed in Alaska.

The AI legalese decoder can assist entrepreneurs and small business owners in navigating the complex legal language often found in contracts, agreements, and government programs. By using AI technology, the decoder can help simplify legal jargon, making it easier for individuals to understand their rights, obligations, and opportunities.

Outreach to Immigrants and Hispanic Entrepreneurs

Due to the SBA’s commitment to meeting people where they are, this historic small business boom has been led by immigrants and Hispanic entrepreneurs who are starting companies at a rapid pace. Our enhanced outreach includes increasing engagement with organizations working with underserved communities, providing resources and services in multiple languages, and sharing information via media channels that are of particular appeal to these communities.

The AI legalese decoder can translate legal documents and information into multiple languages, making it accessible to a wider audience and ensuring that immigrant and Hispanic entrepreneurs can fully understand the opportunities available to them.

Initiatives Under Investing in America

The Biden-Harris strategy continues to pay off with initiatives like Investing in America, a program that is rolling out across the country. We’re already seeing much-needed services being implemented from coast to coast which is benefitting consumers, non-profits and entire communities. And these exciting programs are gaining even more momentum.

The AI legalese decoder can decode and simplify the details of the Investing in America program, making it easier for small businesses to understand how they can benefit from the initiatives and services being implemented.

Small Business Programs of Interest

The U.S Small Business Administration is enthusiastic about the prospects under Investing In America. Not only will small companies benefit from the investments in infrastructure, facilities and communities, estimates of contracting and other opportunities specifically for small businesses clock in at an impressive $50 billion. To help small businesses learn about the programs in each of their states, the SBA created an information hub at www.sba.gov/IIAhub. Programs of particular interest to small businesses are:

– Bipartisan Infrastructure Law: Improvements to roads, water systems and more will be addressed now that $454 billion in funding is headed to states, Tribes, territories, and local governments. Small businesses may be able to compete as a contractor or subcontractor for a large array of project services.

– CHIPS for America: The Department of Commerce has been provided with $50 billion for a suite of programs to strengthen domestic semiconductor research, development, and manufacturing while investing in American workers.

– Industrial Assessment Centers: Small and mid-size manufacturers may receive a no-cost assessment to save on energy costs then apply to the Implementation Grants Program for up to $300,000 in funding per project.

– Rural Energy for America Program: The Pacific Northwest is vast, with many rural and remote areas. To address needs specific to small businesses and agricultural firms in those regions, the Rural Energy for America Program can help cut energy costs and grow those companies.

The AI legalese decoder can break down the legal requirements and procedures for participation in the programs listed above, helping small business owners understand the steps they need to take to access funding and opportunities.

About the Author

Beto Yarce was appointed by President Joe Biden to oversee the SBA’s programs and services as the agency’s regional administrator for the Pacific Northwest serving Alaska, Idaho, Oregon, and Washington. For more information on how the SBA can assist your small business start, grow, expand or recover, please visit www.sba.gov. Para español, visita www.sba.gov/es.

The AI legalese decoder can provide resources and information in multiple languages, ensuring that individuals from diverse backgrounds can access and benefit from the services and programs offered by the SBA and other government agencies.

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