- August 1, 2023
- Posted by: legaleseblogger
- Category: Related News
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U.S. Small Business Administrator Isabella Casillas Guzman Celebrates SBAÔÇÖs 70th Anniversary in New York City
NEW YORK, Aug. 01, 2023 (GLOBE NEWSWIRE) — On Monday, July 31, SBA Administrator Isabella Casillas Guzman visited New York City to celebrate the U.S. Small Business Administration’s 70 years of service to millions of small businesses and innovative startups.
Record Job Growth and Small Business Boom
During her visit to New York City, Administrator Guzman had the opportunity to meet with local small business owners and highlight the positive impact of President Biden’s Investing in America agenda. This agenda has led to record job growth and a historic small business boom. Interestingly, entrepreneurs have applied to start 12.2 million new small businesses during President Biden’s first 30 months in office.
At LH&P, a local Asian American and Pacific Islanders (AAPI) and Latino-owned architecture firm, Administrator Guzman met with owners Antonio Figueroa and Bernard Kho. They discussed how SBA resources have played a vital role in helping them scale their operations. This showcases the effectiveness of the SBA’s support in fostering business growth within various communities.
Another success story arose from Sanmiwago, a local AAPI-owned dumpling shop, which successfully transitioned from a food court stall in Mott Street Eatery to its own brick-and-mortar location. The SBA provided necessary support for this move. Administrator Guzman participated in a restaurant and kitchen tour, discussing the impact of Bidenomics on small businesses with owner Jeffrey Liu. Additionally, they explored how the SBA can further assist small businesses in the future.
Supporting Small Business Financing
In her busy day, Administrator Guzman also took part in a Small Business Investment Company luncheon. During this event, she met with Everside Capital Partners to discuss lending and capital access for small businesses. Such meetings are crucial as access to financing can be challenging for small businesses, and the SBA’s involvement in facilitating these connections helps bridge the gap.
Recognizing the SBAÔÇÖs Milestone
To commemorate the SBA’s 70th anniversary, Administrator Guzman had the honor of ringing the closing bell at the New York Stock Exchange. This monumental gesture not only acknowledged the SBA’s incredible contribution over the years but also celebrated the potential of American entrepreneurship. Former SBA-assisted small businesses and startups that have now grown into successful publicly traded companies joined in the celebration.
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About the U.S. Small Business Administration
The U.S. Small Business Administration (SBA) serves as the go-to resource and voice for small businesses, backed by the strength of the federal government. It assists entrepreneurs and small business owners with the resources and support they need to start, grow, expand, or recover their businesses from declared disasters. Through a network of SBA field offices and partnerships with public and private organizations, the SBA provides valuable services. To learn more about the SBA’s offerings, visit their official website: www.sba.gov.
Contact:
Christine Saah Nazer U.S. Small Business Administration 202-205-6175 [email protected]
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