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SBA Administrator Jovita Carranza Statement on the President’s State of the Union Address

Release Date: 
Tuesday, February 4, 2020
Release Number: 
20-13
Contact: 
Jen Kelly jennifer.kelly@sba.gov

WASHINGTON – Today, U.S. Small Business Administration Administrator Jovita Carranza issued the following statement in response to President Donald J. Trump’s State of the Union Address:

“The President made a powerful case that his pro-growth economic policies are not only sustaining record-high levels of optimism among America’s 30 million small businesses, but also driving upward mobility among historically underrepresented minority entrepreneurs. Last year, Latino-owned small businesses saw their average revenues increase by an astounding 46%. This Administration’s commitment to reducing the cost of healthcare, opening new international markets, providing paid family leave, and expanding access to affordable childcare will further reduce barriers to entrepreneurial development and growth, particularly among minorities. I’m particularly encouraged by this President’s efforts to steer more private sector investment into more than 8,700 undercapitalized communities through Opportunity Zones. These critically important investments will help more low-income Americans climb the economic ladder and realize the American Dream.”

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About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. 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 or 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.