Federal Register - September 15, 2021
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Source: Federal Register
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Presidential Documents
Federal Register Vol. 86, No. 176
Wednesday, September 15, 2021
Title 3
Proclamation 10253 of September 10, 2021
The President
National Small Business Week, 2021
By the President of the United States of America A Proclamation The American entrepreneurial spirit is a defining quality of our Nation which time and again has lifted us to new heights and carried us through our greatest challenges. Small businesses are not only the engines of our economic progressthey are the heart and soul of our communities. During National Small Business Week, we celebrate our Nations small businesses the pillars of their neighborhoods and townsand all of the people who dream them, build them, and make them run.
When the COVID19 pandemic first struck last year, it posed a historic challenge to Americas small businesses. From coast to coast, in big cities, small towns, rural enclaves, and Tribal communities, small business owners and workers demonstrated remarkable courage and resilience, adapting to sudden changes in our way of life and stepping up to serve their communities.
Across the country, small businesses extended helping hands to their neighbors during the pandemics darkest hours, all while entrepreneurs and employees worked tirelessly around the clock to keep their businesses afloat, make payroll, and ensure the safety of their teams and customers.
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Despite the determination of our Nations small business owners and their employees, the pandemic hit them hard. Throughout 2020, empty storefronts and goodbye signs hanging in windows could be found on Main Streets across the country. The pizza place that your kids loved best. The hardware store that always had the tool you needed. The barber shop that sponsored the local Little League teamand had the first dollar bill it ever earned still framed on the wall. The pandemic exacted an incalculable toll not only on lives and livelihoods, but on far too many small business dreams and family legacies.
To ensure that these community pillars have a fighting chance to reopen and stay open, my Administration is delivering the loans and support that our Nations more than 30 million small businesses and innovative startups need. The American Rescue Plan delivered billions of dollars in economic relief to millions of small businessesincluding programs targeted to the hardest-hit industries such as restaurants and performing arts venues. We revamped the Paycheck Protection Program to reach our smallest businesses, with more than 95 percent of the nearly $300 billion in loans made during my Administration supporting small businesses with less than 20 employees, reaching a higher share of businesses in rural and lowor moderate-income communities than in the previous two rounds of the program. Through our Restaurant Revitalization Fund, we provided an essential lifeline to more than 100,000 businesses across the country, delivering $28.6 billion in direct support. Last week, my Administration began accepting applications for an improved COVID19 Economic Injury Disaster Loan program, which will put more than $150 billion in funding to work offering long-term, low-interest loans that small businesses can use to retain workers, make rent, and pay down more expensive debt. In the American Rescue Plan, we established the Community Navigator Pilot program to create a network of trusted organizations, local governments, and community champions to
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