Small businesses are being recognized for their role in driving the American economy during National Small Business Week, as proclaimed by President Donald J. Trump. Highlighting their significance, the President noted that "small businesses power our economy from the ground up," employing nearly half of the private-sector workforce and creating almost two out of every three new jobs in the country.
Despite facing challenges such as high inflation and burdensome regulations, small business owners have remained committed to supporting local communities. The global trade system has also posed difficulties, with foreign competitors exploiting it to flood markets with cheap goods. In response, President Trump's administration has implemented tariffs aimed at protecting American businesses and strengthening local supply chains.
The administration is focusing on pro-growth policies to support small businesses by reducing red tape, maintaining low taxes, promoting fair trade practices, and cutting $100 billion in regulations that burden these enterprises. The Made in America Manufacturing Initiative is part of this effort, designed to create jobs and secure supply chains.
President Trump emphasized the importance of entrepreneurship as a foundation for a prosperous nation. He stated that "entrepreneurship is the foundation of a free and prosperous Nation" and urged Americans to recognize the contributions of entrepreneurs during National Small Business Week.
The proclamation officially designates May 4 through May 10, 2025, as National Small Business Week. President Trump called upon all Americans to acknowledge the critical role small business owners play in growing the nation's economy.
