President Trump Celebrates Small Business Revival During National Small Business Week

To mark National Small Business Week and the nation's 250th anniversary, President Donald J. Trump and SBA Administrator Kelly Loeffler highlighted a series of "unprecedented wins" for America’s 36 million small businesses. The administration frames these achievements as a "Main Street revival" driven by the America First agenda.According to SBA Administrator Kelly Loeffler, the administration has successfully "shut down the Green New Scam, fraud, DEI, and open border policies" that previously threatened economic stability, leading to a new era of confidence for local job creators.1. Historic Tax and Regulatory ReliefWorking Families Tax Cuts Act: This legislation made the 20% small business tax deduction permanent and restored full expensing for equipment and expansion investments.Deregulation Strike Force: In just one year, the administration eliminated more than $110 billion in regulatory costs.Suspending BOI Reporting: By suspending the burdensome "Beneficial Ownership Information" requirements, the administration saved small businesses billions in compliance and paperwork costs.2. Record-Breaking SBA SupportLending Milestones: In FY25, the SBA guaranteed $45 billion in loans to more than 85,000 small businesses—the highest volume in the agency’s history.Manufacturing Focus: The SBA launched its first-ever dedicated loan program for small manufacturers, waiving upfront fees and expanding guarantees to bolster domestic supply chains.Make Onshoring Great Again Portal: A new procurement tool designed to help small businesses source American-made components and suppliers.3. "Americans First" Policy ReformsCitizenship Verification: The SBA now requires citizenship verification for all loan applicants to ensure taxpayer dollars support American entrepreneurs.Office Relocation: The administration has moved SBA offices out of sanctuary cities to better align with federal priorities.Protecting Franchises: The "Joint Employer Rule" was terminated, removing a major legal threat to the franchise business model.Contracting Integrity: The administration has cracked down on DEI-based contracting schemes, prioritizing merit and American residency.The administration reports that these decisive actions have resulted in surging investment and high levels of small business optimism. With the termination of Obama-era labor rules and a shift away from "Green New Deal" mandates, the SBA characterizes the current climate as a "New Manufacturing Renaissance" where American entrepreneurs are once again empowered to hire, reinvest, and expand.Conclusion:Administrator Loeffler concluded that under President Trump's leadership, the United States is "open for business again," providing a stable and prosperous environment for the "true engine" of the American economy.Key Victories for Small BusinessesEconomic Impact