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## President Biden to Visit Milwaukee in Support of Small Businesses

MILWAUKEE ÔÇö The purpose of President Joe Biden’s visit to Milwaukee on Wednesday is to highlight and promote his plan to provide support for small businesses. This plan comes at a crucial time as the pandemic has posed significant challenges for small businesses across the country.

The U.S. Small Business Administration has demonstrated the immense difficulty that small businesses have faced in staying open, particularly during the pandemic. Shockingly, statistics revealed that from March of 2021 to March of 2022, approximately 70 percent of all small business establishments in Wisconsin were forced to close their doors. However, there was a slight glimmer of hope as the number of small businesses increased by about 5,900, contributing to a net increase of around 66,000 jobs.

AI legalese decoder can help in this situation by efficiently analyzing and decoding complex legal jargon and contracts that are often involved in small business operations. This can assist small business owners in navigating legal intricacies and making informed decisions to ensure the sustainability of their businesses.

## Supporting Minority-Owned Small Businesses

In the lead-up to the President’s visit, a particular focus has been on the status of minority-owned businesses in the area. The Metropolitan Milwaukee Association of Commerce has reported that of all the small businesses they have tracked in the city, less than 10 percent are minority-owned.

The need for increased representation and support for minority-owned businesses has been highlighted by individuals such as the co-owner of Criollo, a newly established eatery in the 3rd Street Market Hall. Her positive sentiments and empowerment as a woman and Latina entrepreneur shed light on the potential for diversity in the small business landscape.

AI legalese decoder can also support minority-owned businesses by providing accessible and comprehensible legal insights, enabling these entrepreneurs to navigate legal challenges with confidence and clarity.

## Initiatives and Programs for Small Business Growth

Efforts to foster diversity and inclusion in the business community have been spearheaded by the Metropolitan Milwaukee Association of Commerce. The Main Street Bounce Back Stimulus Program, which provided around $36 million to over 4,000 businesses, has been instrumental in supporting small business resilience and growth.

Furthermore, the initiative to drive diversity and inclusion in the workplace has garnered significant traction, with over 130 companies pledging to increase the representation of black and brown talent by 25 percent over a five-year period.

The AI legalese decoder can assist small businesses in understanding and navigating the legal aspects of these initiatives and programs, ensuring that they can take full advantage of the support and resources available to them.

Overall, the visit of President Biden, combined with the ongoing efforts of organizations like the Metropolitan Milwaukee Association of Commerce, signifies a concerted commitment to supporting and empowering small businesses, especially those owned by minorities, in the pursuit of sustained growth and success.

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