5/1/2023 0 Comments The highlight room![]() ![]() Hispanic entrepreneurs started small businesses at the highest rate in more than a decade in 2021 and 23 percent faster than pre-pandemic levels.A record 10.5 million new small business applications over the past 2 years.T his, and the strong recovery that ARP powered, led to: Invested a historic $10 Billion in the State Small Business Credit Initiative.Shuttered Venues Program provided relief to 13,000 venues.Restaurant Revitalization Fund helped over 100,000 Restaurants, Bars, and Food Trucks stay open.Reformed PPP to more equitably distribute funds to the smallest businesses.Increased COVID Emergency Injury Disaster Loans to $2 million, while increasing anti-fraud controls. ![]() Largest Small Business Formation Boom in History Due ARP-Driven Strong Recovery and Small Business Investments: The Biden Administration:
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