Small Businesses Can Flourish Under New Administration, Despite Executive Actions
Amidst the implementation of the Trump administration's policies, marginalized groups express concerns. President Trump's early executive orders, targeting LGBTQ+ and federal diversity guidelines, have raised questions about the future of small businesses owned by underrepresented communities.
However, former Biden administration advisor Jonathan Lovitz believes that small entrepreneurs have reason to remain optimistic. He emphasizes the enduring needs of small businesses, including access to capital, opportunities, and growth potential.
Despite political tension, Lovitz argues that support for small businesses is bipartisan, as they contribute significantly to the economy. He encourages business owners to focus on meeting economic goals and collaborating to overcome ideological differences.
While federal support for marginalized communities may decline, Lovitz notes the emergence of state and local initiatives to assist small businesses. Governors like Josh Shapiro of Pennsylvania have prioritized contracts for small and minority-owned businesses.
Lovitz highlights the resilience and strength of LGBTQ+ business owners, noting their growing numbers. He urges them to seek local support and leverage state and local opportunities to continue their success.
"I've never seen the future look better and brighter," Lovitz says. "Now's a great time to be building those connections...because when we work together, there's nothing we can't achieve."