BALTIMORE, Oct. 26, 2023 (GLOBE NEWSWIRE) -- U.S. Small Business Administrator Isabella Casillas Guzman participated in multiple events and panels at the Congressional Black Caucus Foundation’s 52nd Annual Legislative Conference to discuss how the SBA and Biden-Harris Administration are promoting equity across the small business landscape and supporting Black entrepreneurs.
Before the start of the conference, Administrator Guzman joined Axios reporter Eugene Scott for a fireside chat to unpack the unique challenges facing minority-owned small businesses, highlight how the SBA is prioritizing equity across SBA programs, and discuss outreach to Black communities to increase awareness of SBA opportunities.
Last Thursday, Administrator Guzman participated in a Procurement Forum where she further discussed how the SBA has significantly increased opportunities for Black-owned small businesses in government contracting and is on track to meet the Biden-Harris Administration’s goal of 15% of prime government contracts going to small disadvantaged businesses by 2025.
Later in the day, she joined Congressional Black Caucus Chair Steven Horsford (NV-04) at a press conference to announce that the SBA has achieved record lending rates to Black-owned small businesses under the Biden-Harris Administration. Since 2020, the number of loans, total loan dollars, and overall share of loans going to Black-owned businesses have all more than doubled since 2020.
On Friday, Administrator Guzman joined Congressman Glenn Ivey (MD-04) for a panel to discuss the small business impacts of the SCOTUS decision on affirmative action. During the panel, she discussed how the Ultima Servs. Corp. v. Dept of Ag. court case has impacted the SBA’s 8(a) business development program and what guidance the SBA is offering 8(a) participant firms in light of a recent injunction.
For follow-up interview requests for Administrator Guzman, please contact Rebecca Galanti at rebecca.galanti@sba.gov.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
Christine Saah Nazer U.S. Small Business Administration 202-756-0304 Christine.SaahNazer@sba.gov
