READOUT: Meeting of White House, U.S. Department of the Treasury, and Stakeholders for the Initiative for Inclusive Entrepreneurship

WASHINGTON – On Tuesday, June 25, the Office of the Vice President and the U.S. Department of the Treasury co-hosted a stakeholder meeting for theInitiative for Inclusive Entrepreneurship(IIE), an 18-month national pilot program that Vice President Harris announced at Treasury’s 2022 Freedman’s Bank Forum to expand access to capital for small businesses that have lacked opportunity and need additional investment to grow and hire. IIE brings in philanthropic and private capital to maximize the impact of Treasury’s nearly $10 billion State Small Business Credit Initiative (SSBCI), authorized under the American Rescue Plan.During the meeting, senior White House officials highlighted the Administration’s multifaceted efforts to expand capital access for underserved entrepreneurs.