New Business Applications Reach Record 16 Million Under Biden-Harris Administration

 

New Business Applications Reach Record 16 Million Under Biden-Harris Administration

Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, celebrated new Census data showing a record-breaking 5.5 million new business applications were filed in 2023 alone, making it the strongest year of new business applications on record and the third consecutive year of historic small business growth. Thanks to President Biden’s Investing in America agenda, the United States has experienced the first, second, and third strongest years of new business application rates on record.