SBA pledges more resources to LGBTQ+ entrepreneurs to kick off Pride Month

As Pride Month kicks off, the US Small Business Administration (SBA) pledges to put more resources into the LGBTQ+ business community.

Pride Month runs from June 1 to June 30, 2022. LGBTQ+ communities around the world come together to celebrate the freedom to be themselves.

SBA pledges more resources to LGBTQ+ entrepreneurs to kick off Pride Month

In a statement highlighting Pride Month celebrations, SBA Administrator Isabella Casillas Guzman noted the significant contribution the LGBTQ+ community plays to the U.S. economy and the ongoing challenges they face.

“Pride Month is a time of celebration for the LGBTQ+ community and their contributions to building a better, stronger economy — and it’s also a reminder of the progress we’re still trying to make.”

Equity is a top priority of SBA

The SBA administrator went on to talk about how bringing more equality to the small business landscape is a priority for the SBA, and how important it is to encourage every entrepreneur to thrive, regardless of their sexuality.

“Equality is a top priority for me and the Biden-Harris Administration, and we believe all U.S. entrepreneurs deserve a level playing field, regardless of zip code, race, gender or sexual orientation,” she said.

1.4 million LGBTQ+ companies

Referring to the 1.4 million LGBTQ+ businesses in the United States, Casillas Guzman said a goal of the SBA was to partner with these communities of small business owners, who already have more than $1.7 trillion in economic generate impact in the US and tens of thousands of jobs.

Connecting LGBTQ+ entrepreneurs to capital and resources

As the number of LGBTQ+ owned businesses in America continues to grow, the SBA is committed to connecting these vital entrepreneurs with the resources they need to grow and thrive.

As Isabella Guzman Casillas said in her statement, “To give the LGBTQ+ community even more economic empowerment, we need to connect entrepreneurs with the capital and resources they need to start and grow their businesses.”

Speaking about how the administration is partnering with LGBTQ+-owned small businesses to help them succeed, the SBA chief said the administration connects with entrepreneurs every day through “our district offices, resource partners, our Community Navigators program, and more. “

Community Navigators

The Biden-Harris administration is committed to ensuring the country’s small businesses receive the support they need to weather economic downturns and other challenges, including underserved communities.

The Community Navigator Pilot Program is a US bailout initiative designed to reduce barriers often faced by underrepresented and underserved entrepreneurs in accessing the programs they need to recover, grow, or grow their businesses. start. The SBA works with LGBTQ+ communities in the United States, helping LGBTQ+-owned businesses obtain the resources, advice, support, financial aid and assistance to help them start, develop and grow.

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