Investing in America pays off for small businesses

Aikta Marcoulier

President Joe Biden’s Investing in America agenda delivers generational investments to grow America’s economy, restore competitiveness, tackle climate change and reshore manufacturing. All while strengthening small businesses, the backbone of our economy.

The Investing in America agenda has fueled a historic nationwide small business boom, with the first, second and third strongest years of new business applications on record occurring in President Biden’s first three years in office. New Census data shows the United States exceeded 17 million new business applications filed since 2021 — 415,000 in Colorado.

With the end of the COVID-19 pandemic and reopening of U.S. Small Business Administration offices nationwide, we’re seeing increasing demand for business training services, lending programs and information on ways business owners can secure federal government contracts.

The Investing in America agenda refers to four major bipartisan laws enacted during President Biden’s first three years in office: the American Rescue Plan Act, Bipartisan Infrastructure Law, CHIPS and Science Act and Inflation Reduction Act.

Each of the four laws includes major new public investments in our economy and America’s critical systems. These four laws have set in motion a rebuilding of our roads, bridges and airports; a strengthening of supply chains; an upgrading of our clean energy and clean water systems; and much more. To date, these historic laws have secured funding for more than 23,000 infrastructure projects across the U.S., including expanded affordable internet access for 16 million households. All this while also attracting more than $425 billion in total private sector manufacturing investments and sparking the creation of more than 800,000 new manufacturing jobs.

To help entrepreneurs access the benefits of these four new laws, the SBA makes sure small firms have the resources, tools and knowhow to capitalize on vast new federal investments available today and in the near future. That’s why the SBA launched its Investing in America Small Business Hub at www.sba.gov/IIAhub.

At this hub, business owners will get information on how to apply for the many Inflation Reduction Act rebates and tax credits to complete energy efficiency projects. Business owners also will learn about federal construction projects funded by the IIA in their states and determine how the CHIPs Act could benefit their bottom lines. New technological assistance guides to help entrepreneurs access Investing in America grants, contracts and market opportunities.

There’s never been a better time for entrepreneurs to benefit from historic federal programs that directly benefit our business community.

Aikta Marcoulier serves as administrator of  the U.S. Small Business Administration Region 8 headquartered in Denver. She oversees SBA programs and services in Colorado as well as Montana, North Dakota, South Dakota, Utah and Wyoming. For more information about the Investing in America Small Business Hub, visit www.sba.gov/IIAhub. Visit the SBA website at www.sba.gov to learn about other resources available to start, grow and expand business. Follow the SBA onLinkedIn and on Twitter @SBArockymnt.