Statement by SBA Administrator Guzman on Agency’s New Equity Action Plan
SBA makes historic strides to address inequities, lower barriers, and other systemic challenges facing underserved small business communities
WASHINGTON – Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, issued the following statement highlighting the significance and impact of the SBA’s Equity Action Plan, released alongside equity plans from over 90 federal agencies as part of a coordinated effort by the Biden-Harris Administration to center equity across the federal government.
“The SBA’s Equity Action Plan reaffirms our agency-wide commitment to breaking down longstanding barriers to ensure underserved entrepreneurs can access the capital, networks, resources, and opportunity they need to realize their American dream of business ownership,” said Administrator Guzman. “Alongside plans from over 90 other federal agencies, the SBA’s Equity Action Plan aims to level the playing field for all small businesses and startups, a priority of the Biden-Harris Administration, and empower them to compete in an increasingly global economy and navigate new opportunities presented by transformational legislation, such as President Biden’s Infrastructure and Investment Jobs Act (Bipartisan Infrastructure Law).”
Among the key elements of the SBA’s Equity Action Plan being announced today:
To learn more about SBA’s Equity Action Plan, please visit SBA Equity Initiative.