Politics. On Point.

The Biden administration wants you to know how it's planning to help small business get a leg up. President Biden wants to "level the playing field" for small businesses by issuing  tax credits, increase small business lending, reforming the tax code, and more. Read on to see if your small business might be able to benefit. FACT SHEET: The Build Back Better Agenda Will Provide Greater Tax Fairness for Small Businesses   Since day one in office, President Biden has focused on providing America’s small businesses with the tools and resources they need to reopen, rehire, and rebuild. To date, the Biden-Harris Administration has delivered more than $300 billion in relief to Main Street and is on track to fully forgive more than 6 million small business loans by year-end.   While Main Street is roaring back, many small businesses struggle to grow and compete globally due to a tax code that disproportionately benefits multinational corporations and a financial system that preve...

Demo Day is normally done in the presence of wealthy Venture Capitalists (VCs) where entrepreneurs pitch (or demonstrate) their product or service idea in hopes of receiving funding (and recognition) to take their business idea to the next level.   On Tuesday, in the first ever Demo Day, entrepreneurs pitched their ideas to the president of the United States. President Obama with Demo Day entrepreneurs.  Photos/CD Brown. The event brought together minority and women-owned businesses, a demographic that often faces more barriers receiving funding. A study revealed that fewer than 3 percent of venture capital-backed companies have a woman as their CEO, while yet another study revealed that fewer than 1 percent have an African American founder.  "We’ve got to make sure that everybody is getting a fair shot", said President Obama, "not leave more than half the team on the bench." The president has received commitments from nearly 50 businesses t...

 Renews the Federal Government’s QuickPay Initiative 26 Companies Committed to SupplierPay Initiative As a part of his Year of Action, the President is using the power of his pen and phone wherever he can on behalf of the American people to create jobs and help hard-working Americans get ahead. Today, the President will announce the creation of SupplierPay, a new partnership with the private sector to strengthen small businesses by increasing their working capital, so they can grow their businesses and hire more workers.  To launch SupplierPay, the President is bringing together 26 companies – both large and small – that have committed to the  initiative .  For the larger companies, joining SupplierPay demonstrates a recognition that a healthy supply chain is good for business.  For the small business suppliers, benefiting from SupplierPay means having more capital to invest in new opportunities, new equipment, and new hiring. President Obama, Sen...