Living Not So Fabulously: Small Businesses and the Biden Era
With the Biden administration now in office, many marginalized groups are concerned about its potential impact on their livelihoods. Small business owners and entrepreneurs from these communities may face challenges under the new leadership.
Despite the uncertainty, former Biden administration advisor Jonathan Lovitz remains optimistic about the future of small businesses. He emphasizes that access to capital, opportunities, and growth potential remain paramount for all enterprises, regardless of political affiliations.
Lovitz argues that while federal support for underrepresented communities may diminish, local and state governments are stepping up with initiatives to assist business owners. He highlights governors such as Josh Shapiro of Pennsylvania, who prioritize small and minority-owned businesses in government contracts.
Lovitz emphasizes the resilience and strength of LGBTQ+ business owners, drawing attention to their growing numbers and their collective power as potential customers and partners. He believes that by seeking local support and utilizing state and local opportunities, small business owners can continue to thrive during the transition.
"I've never seen the future look better and brighter," Lovitz said. "So now's a great time to be building those connections ... because when we work together, there's nothing we can't achieve."