Marginalized Entrepreneurs Thrive in Changing Political Landscape, Expert Says
In the wake of the Trump administration's initial actions, concerns have been raised about the potential impact on marginalized groups and small business owners. However, experts believe that the resilience and innovation of these entrepreneurs will continue to drive their success.
Jonathan Lovitz, former Biden administration advisor, emphasizes the unwavering need for access to capital, opportunity, and growth opportunities for small businesses. Despite political shifts, he maintains that both sides of the aisle acknowledge the crucial role they play in the US economy.
While federal support may be limited, local and state governments are stepping up with initiatives to support minority-owned and small businesses. Lovitz points to examples like Pennsylvania Governor Josh Shapiro's prioritization of these businesses in government contracts.
LGBTQ+ business owners, who number over 1.4 million, have historically demonstrated resilience and adaptability. Lovitz believes they will continue to thrive by leveraging community connections and exploring local opportunities for support.
"I've never seen the future look better and brighter," Lovitz says. "Now's a great time to build connections and work together. There's nothing we can't achieve when we collaborate."