National Entrepreneurship Month, 2023

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 Latino-owned 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 innovation-centric 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

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.