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SBA Launches Enhanced Equity Action Plan to Bolster Small Business Growth and Economic Equity

February 19, 2024


Isabel Casillas Guzman, the U.S. Small Business Administration (SBA) Administrator, has unveiled an updated Equity Action Plan in a bid to foster inclusivity and economic opportunity. This initiative is set to transform the landscape for America’s 33 million small businesses and startups, particularly benefiting those from underserved communities.

The SBA’s refreshed Equity Action Plan zeroes in on crucial areas such as improving access to capital, enhancing entrepreneurial support services, and broadening economic opportunities to advance the national economy. This plan is part of the administration’s broader commitment to equity, initiated by President Biden’s Executive Order on his first day in office, mandating a comprehensive equity assessment across federal agencies.

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