White House Commitment to Smallest and Minority-owned Businesses Key to Solving Economic Crisis
The investment in supporting small businesses through the relief programs must also be matched with a long-term commitment to expanding equitable access to capital and increased technical assistance to support new and growing small businesses after the crisis. The COVID crisis has revealed and exacerbated pre-existing barriers to capital for such firms, including small business redlining, usury credit rates and practices, and lack of other supports and technical assistance needed to launch and grow a successful business. Main Street Alliance has outlined key small business priorities for this immediate crisis, and beyond, and looks forward to working with the administration to implement these priorities.
Inauguration Day: Amid crisis, small businesses look to a brighter future
“Main Street Alliance congratulates President Joe Biden and Vice President Kamala Harris on a historic day. Small businesses look forward to working with this new team on policies that support communities and level the playing field for small businesses.
It has been a long road to this moment, and small businesses still stand in the midst of a crisis. The Biden-Harris administration will be facing significant challenges as they begin their term, but Main Street is hopeful for a brighter future.
Small Business Have Needed a Comprehensive Plan - Biden Response Set to Deliver
On President-elect Biden’s announcement of an emergency coronavirus response plan Thursday, Main Street Alliance Government Affairs Director Didier Trinh had this to say:
“Small businesses across the country are breathing a sigh of relief at the announcement of a critical, comprehensive plan that centers public health and economic recovery.
The targeted small business grant support included in Biden’s plan is still desperately needed and cannot come soon enough. Investment in programs that will not only directly support public health, but will also provide the financial runway to support communities through this crisis is key.