Minority Enterprise Development Week, 2020

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Title 3--
The President

Proclamation 10073 of September 11, 2020

Minority Enterprise Development Week, 2020

By the President of the United States of America

A Proclamation

Each day, more than one million minority-owned
employers in the United States contribute to the
economic vitality of our Nation. These incredible
enterprises uplift their surrounding communities and
help fuel the futures, livelihoods, and dreams of
Americans throughout the country. During Minority
Enterprise Development Week, we celebrate the
contributions of our great minority-owned businesses
and reaffirm our commitment to supporting their
continued growth, development, and success.

Since my first day in office, I have been committed to
fostering an environment where all businesses,
including minority-owned businesses, can thrive. The
historic 2017 Tax Cuts and Jobs Act provided for the
biggest tax cuts and reforms in American history,
benefitting all Americans. This legislation also
created Opportunity Zones, a landmark program that
encourages investment in distressed communities and
creates jobs for those who are most in need of
opportunities for economic empowerment. My
Administration has also cut burdensome regulations at
an unprecedented rate, loosening Government restraints
on growth and allowing minority-owned businesses to
thrive. To reinforce our commitment to these critical
enterprises, in April of this year, the Department of
Commerce, through the Minority Business Development
Agency (MBDA), announced the creation of the Minority
Business Enterprise Inner City Innovation HUBs, which
will award $2.8 million over 2 years to support
minority-owned businesses. Through this initiative, we
are helping to fund and sustain minority-owned
startups, including those that support digital
innovation, machine learning and artificial
intelligence, and technology transfer.

My Administration has also been relentlessly committed
to helping minority-owned businesses recover from the
economic hardships brought on by the coronavirus
pandemic. As part of the historic Coronavirus Aid,
Relief, and Economic Security (CARES) Act, which I
signed into law in March of this year, the Federal
Government has allocated $10 million in supplemental
funding to MBDA Business Centers and minority chambers
of commerce to provide training and advising services
for minority business enterprises, empowering them to
be leaders in our economic recovery. In addition, the
nearly 9,000 Opportunity Zones created by the Tax Cuts
and Jobs Act have produced $75 billion in investment
for countless minority neighborhoods throughout the
United States. My Administration understands that
supporting minority businesses promotes a strong
national economy, and we will do everything in our
power to assist minority-owned businesses as our Nation
continues our economic resurgence.

This week and every week, we celebrate the vast
contributions minority-owned businesses make to our
great country. As President, I will always proudly
stand by minority entrepreneurs and their businesses.
My Administration will continue to promote their
interests and decrease regulatory burdens to help them
unleash their full potential.

NOW, THEREFORE, I, DONALD J. TRUMP, 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 September 13 through

September 19, 2020, as Minority Enterprise Development
Week. I call upon the people of the United States to
observe this week with programs, ceremonies, and
activities to recognize the many contributions of
American minority business enterprises.

IN WITNESS WHEREOF, I have hereunto set my hand this
eleventh day of September, in the year of our Lord two
thousand twenty, and of the Independence of the United
States of America the two hundred and forty-fifth.