Remarks by Secretary of the Treasury Janet L. Yellen Following Community Development Financial Institutions (CDFIs) Roundtable in Saint Paul, Minnesota

As Prepared for DeliveryGood morning. I was very glad to visit the Neighborhood Development Center with Senator Klobuchar today to discuss our collective work to create economic opportunity through collaboration with the private sector.Senator Klobuchar has been a tireless leader for Minnesotans, and President Biden and I are grateful for her strong partnership in championing our economic agenda.Since the start of this Administration, President Biden and I, with Senator Klobuchar’s partnership, have pursued an economic strategy focused on expanding our economy’s capacity to produce—and doing so in a way that is inclusive. The private sector plays a critical role, from making investments in cutting edge industries to hiring and training American workers for high-quality jobs.The Treasury Department has been proud to support these efforts, including through a focus on community development financial institutions.