The Revitalization Of US Small Businesses

“We are a nation of builders again thanks to President Trump’s historic wins for Main Street, and I’m honored to mark National Small Business Week alongside him and the job creators who fuel our local communities — particularly as America celebrates 250 years of freedom and free enterprise. By rapidly delivering on the America First agenda, President Trump cut taxes and regulations, restored fair trade and public safety, and shut down the Green New Scam, fraud, DEI, and open border policies that threatened our economic stability during the last Administration. Our nation’s 36 million small businesses now have the confidence to hire, reinvest and expand, unleashing an historic era of sustained growth. America is open for business again.” — SBA Administrator Kelly Loeffler

Today, President Donald J. Trump will join small business owners from across the country to mark National Small Business Week and highlight the extraordinary revival of Main Street under his America First agenda. With America celebrating its 250th anniversary of freedom and free enterprise, the Trump Administration has delivered unprecedented wins for the nation’s 36 million small businesses — the true engine of job creation, innovation, and community prosperity. Since taking office, the Trump Administration has moved with urgency and results to empower small businesses: Tax Relief for Main Street: President Trump signed the Working Families Tax Cuts Act, delivering major victories for small businesses —making the small business deduction permanent, restoring full expensing for equipment and expansion investments, boosting take-home pay, and expanding Opportunity Zones to drive capital into underserved communities.   Dramatic Regulatory Relief: The Trump Administration launched a Deregulation Strike Force that has already eliminated more than $110 billion in burdensome regulatory costs for small businesses in just one year, freeing owners to focus on growth instead of compliance.   Record-Breaking SBA Support: In FY25, the Small Business Administration (SBA) delivered record capital to small businesses — guaranteeing $45 billion in 7(a) and 504 loans to more than 85,000 small businesses, the highest volume in the agency’s history, as part of over $100 billion in total capital access.   New Manufacturing Renaissance: SBA launched its first-ever dedicated loan program for small manufacturers, waived most upfront fees, and expanded guarantees for critical supply chains to accelerate the return of American industrial strength.   Support for Domestic Supply Chains: New procurement tools, including the Make Onshoring Great Again Portal, help small businesses source American-made suppliers and components. Ending Costly Bureaucracy: The Administration suspended enforcement of the burdensome Beneficial Ownership Information (BOI) reporting requirements, saving small businesses billions in paperwork and compliance costs.   Putting Americans First: SBA implemented critical reforms, including citizenship verification for loan applicants and relocating offices out of sanctuary cities, to ensure taxpayer dollars support American entrepreneurs, and cracked down on DEI-based contracting schemes.   Protecting Franchises: The Trump Administration terminated the Obama-era “Joint Employer Rule,” removing a major threat to franchise owners and the millions of jobs they create.

These decisive actions have restored confidence in American small businesses. Hiring is up, investment is surging, small business optimism remains strong, and entrepreneurs are once again betting on the future under President Trump’s leadership.