Presidential Documents

Federal Register / Vol. 88, No. 212 / Friday, November 3, 2023 / Presidential Documents 75461 

Proclamation 10664 of October 31, 2023 

National Entrepreneurship Month, 2023 

By the President of the United States of America 

A Proclamation 

Whether they are running family restaurants or opening new factories, American entrepreneurs create businesses that are the heart and soul of our 

communities. This National Entrepreneurship Month, we honor the job creators, business owners, and daring innovators who remind us of the promise 

of the American Dream. 

When I first took office, the American economy was reeling. Small businesses 

across the Nation were being crushed. Hundreds of thousands of storefronts 

were closed for good, and millions more were hanging on by a thread. 

But over the past few years, our economic plan has unlocked extraordinary 

opportunities for entrepreneurs. In my first 2 years in office, we saw a 

record 10.5 million new business applications—the most ever recorded in 

a 2-year period in American history. Asian American-, Black-, and Latinoowned businesses are seeing faster creation rates today than they have 

in years. The economy has created nearly 14 million new jobs. Our entrepreneurs form the backbone of our Nation’s economy, and I remain committed 

to making sure they have the resources they need to succeed. 

As my Administration implements historic legislation that is transforming 

our economy, we are working to ensure entrepreneurs reap the benefits. 

My Administration is leveraging American Rescue Plan funds to provide 

billions of dollars of capital and technical support to small businesses across 

the country so they can start and scale their businesses in high-growth, 

high-wage industries. We are also investing in small disadvantaged businesses 

to provide fair opportunities to entrepreneurs from underserved and underrepresented communities who have historically been left behind, including 

through the Minority Business Development Agency, which was made permanent through the Bipartisan Infrastructure Law. Last year, the Federal Government awarded a record $162.9 billion in contracts to small businesses, 

and $69.9 billion of that investment went to small disadvantaged businesses. 

In addition, the Small Business Administration has supported over $4 billion 

in loans to Black-owned and Latino-owned small businesses, marking significant increases from 2020. Through the CHIPS and Science Act, we are 

making strategic, localized investments to drive technology- and innovationcentric growth and create good jobs for American workers from all backgrounds. The Inflation Reduction Act is cutting health insurance and energy 

costs for entrepreneurs, doubling research-and-development tax credits for 

small businesses, and incentivizing manufacturers to use American suppliers. 

Our entrepreneurs are models of drive, resilience, and determination—the 

very virtues that built America. From small towns to big cities, these dreamers 

and doers are the glue that holds our communities together and the fuel 

that propels our Nation forward. As President, I recognize the critical contributions that our Nation’s entrepreneurs make, and I remain committed 

to giving them the support they need to thrive. 

NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of the United States 

of America, by virtue of the authority vested in me by the Constitution 

and the laws of the United States, do hereby proclaim November 2023 


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75462 Federal Register / Vol. 88, No. 212 / Friday, November 3, 2023 / Presidential Documents 

as National Entrepreneurship Month. I call upon all Americans to commemorate this month with appropriate programs and activities and to celebrate 

November 21, 2023, as National Entrepreneurs’ Day. 

IN WITNESS WHEREOF, I have hereunto set my hand this thirty-first day 

of October, in the year of our Lord two thousand twenty-three, and of 

the Independence of the United States of America the two hundred and 

forty-eighth. 

[FR Doc. 2023–24499 

Filed 11–2–23; 8:45 am] 

Billing code 3395–F4–P 


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