New U.S. Department of the Treasury Analysis Shows Growth of Small Business and Entrepreneurship During the Biden-Harris Administration

Small businesses have created over 70 percent of net new jobs since 2019, and the United States is averaging 430,000 new business applications per month in 2024, 50 percent more than in 2019Through programs like the State Small Business Credit Initiative and Emergency Capital Investment Program, the Biden-Harris Administration has made access to capital a top priorityWASHINGTON- Today, the U.S. Department of the Treasury published a new analysis on small business and entrepreneurship in the post-COVID economic expansion. The analysis shows that entrepreneurship has surged during the Biden-Harris Administration, and that the role of small business in our economy and labor markets is poised to grow further.