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With President Trump's administration in place, marginalized groups are concerned about its potential impact. However, former Biden administration advisor Jonathan Lovitz remains optimistic about small business owners and marginalized entrepreneurs.
Universal Small Business Needs
Despite political tensions, Lovitz emphasizes that small businesses remain crucial for the U.S. economy. They account for 99.9% of firms and are the primary job creators. "Everybody sees green," he says, indicating bipartisan support for promoting small businesses.
Local and State Support
While federal support for underrepresented communities may diminish, local and state governments are stepping up with initiatives and support for business owners. Lovitz cites examples like Pennsylvania Governor Josh Shapiro's executive order prioritizing small and minority-owned businesses in government contracting.
Resilience and Innovation
Lovitz highlights the strength and resilience of LGBTQ+ business owners, encouraging them to draw on their community and support networks. "We have outlasted anything that's ever come our way before," he says.
Growth and Prosperity
Lovitz believes that by exploring local support opportunities, small business owners can capitalize on a period of potential economic growth. "I've never seen the future look better and brighter," he says.
The Power of Collaboration
Lovitz emphasizes the importance of fostering connections and collaboration among business owners, irrespective of political differences. "When we work together, there's nothing we can't achieve," he concludes.