[Federal Register Volume 89, Number 214 (Tuesday, November 5, 2024)]
[Presidential Documents]
[Pages 87771-87772]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-25805]




                        Presidential Documents 



Federal Register / Vol. 89, No. 214 / Tuesday, November 5, 2024 / 
Presidential Documents

[[Page 87771]]


                Proclamation 10850 of October 31, 2024

                
National Entrepreneurship Month, 2024

                By the President of the United States of America

                A Proclamation

                Entrepreneurs embody the essence of America--their 
                ideas and energy have always kept our country on the 
                cutting edge, and their determination and drive uplift 
                communities, create millions of jobs, and keep our 
                Nation moving forward. This month, we celebrate their 
                unstoppable spirit.

                Supporting entrepreneurs, especially small business 
                owners, has always been key in growing our economy from 
                the middle out and bottom up, giving everyone a fair 
                shot to get ahead. Many entrepreneurs are at the heart 
                and soul of their communities, running the mom-and-pop 
                shops that are the glue of our neighborhoods. But when 
                Vice President Harris and I took office, hundreds of 
                thousands of small businesses had been forced to close 
                down due to the pandemic, and millions more were 
                hanging by a thread. Not only were entrepreneurs' 
                livelihoods on the line but also their life's savings 
                and hopes of growing wealth for the next generation.

                That is why Vice President Harris and I were committed 
                to investing in America's entrepreneurs and innovators. 
                My American Rescue Plan provided billions of dollars in 
                capital and support to small businesses. My CHIPS and 
                Science Act is investing more into research and 
                manufacturing than ever before, building the high-tech 
                industries of the future and the small-business supply 
                chains to support them right here at home while helping 
                them expand their businesses in high-growth, high-wage 
                industries. And my Inflation Reduction Act is 
                incentivizing manufacturers to help tackle the climate 
                crisis using American suppliers while cutting down on 
                entrepreneurs' overhead costs like health insurance and 
                energy bills.

                The Biden-Harris Administration is also committed to 
                ensuring every small business and entrepreneur has a 
                fair shot. This year, the Small Business Administration 
                (SBA) provided a record $56 billion through more than 
                100,000 small business financings--the most in more 
                than 15 years and a 50 percent increase over 2020. The 
                Federal Government has invested tens of billions of 
                dollars into small disadvantaged businesses. The SBA is 
                lending tens of billions of dollars to small businesses 
                that would otherwise struggle to access capital. Since 
                2020, the number of SBA-backed loans doubled for women-
                owned businesses, tripled for Black-owned businesses, 
                more than doubled for Latino-owned businesses, and 
                increased by about 70 percent for Asian American-owned 
                businesses. And my Bipartisan Infrastructure Law also 
                made the Minority Business Development Agency permanent 
                to help close the gap for these and other entrepreneurs 
                from underserved and underrepresented communities too 
                long left behind.

                Today, entrepreneurs across the country have filed 
                nearly 20 million new business applications since Vice 
                President Harris and I took office--each an act of hope 
                and confidence in our economy. A record number of those 
                businesses are being opened by Black, Latino, and women 
                entrepreneurs. And 16 million new jobs have been 
                created.

                I have often said that America can be defined in one 
                word: possibilities. That is what entrepreneurship is 
                all about. During National Entrepreneurship Month, we 
                honor every entrepreneur with a vision for something 
                better

[[Page 87772]]

                and the grit to make it real, growing our economy and 
                creating new possibilities for everyone.

                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 2024 
                as National Entrepreneurship Month. I call upon all 
                Americans to commemorate this month with appropriate 
                programs and activities and to celebrate November 19, 
                2024, 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-four, and of the Independence of 
                the United States of America the two hundred and forty-
                ninth.
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                    (Presidential Sig.)

[FR Doc. 2024-25805
Filed 11-4-24; 8:45 am]
Billing code 3395-F4-P