Minority Enterprise Development Week, 2020, 59643-59644 [2020-21114]

Agencies

• Executive Office of the President

[Federal Register Volume 85, Number 185 (Wednesday, September 23, 2020)]
[Presidential Documents]
[Pages 59643-59644]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21114]




                        Presidential Documents 



Federal Register / Vol. 85, No. 185 / Wednesday, September 23, 2020 / 
Presidential Documents

___________________________________________________________________

Title 3--
The President

[[Page 59643]]

                Proclamation 10073 of September 11, 2020

                
Minority Enterprise Development Week, 2020

                By the President of the United States of America

                A Proclamation

                Each day, more than one million minority-owned 
                employers in the United States contribute to the 
                economic vitality of our Nation. These incredible 
                enterprises uplift their surrounding communities and 
                help fuel the futures, livelihoods, and dreams of 
                Americans throughout the country. During Minority 
                Enterprise Development Week, we celebrate the 
                contributions of our great minority-owned businesses 
                and reaffirm our commitment to supporting their 
                continued growth, development, and success.

                Since my first day in office, I have been committed to 
                fostering an environment where all businesses, 
                including minority-owned businesses, can thrive. The 
                historic 2017 Tax Cuts and Jobs Act provided for the 
                biggest tax cuts and reforms in American history, 
                benefitting all Americans. This legislation also 
                created Opportunity Zones, a landmark program that 
                encourages investment in distressed communities and 
                creates jobs for those who are most in need of 
                opportunities for economic empowerment. My 
                Administration has also cut burdensome regulations at 
                an unprecedented rate, loosening Government restraints 
                on growth and allowing minority-owned businesses to 
                thrive. To reinforce our commitment to these critical 
                enterprises, in April of this year, the Department of 
                Commerce, through the Minority Business Development 
                Agency (MBDA), announced the creation of the Minority 
                Business Enterprise Inner City Innovation HUBs, which 
                will award $2.8 million over 2 years to support 
                minority-owned businesses. Through this initiative, we 
                are helping to fund and sustain minority-owned 
                startups, including those that support digital 
                innovation, machine learning and artificial 
                intelligence, and technology transfer.

                My Administration has also been relentlessly committed 
                to helping minority-owned businesses recover from the 
                economic hardships brought on by the coronavirus 
                pandemic. As part of the historic Coronavirus Aid, 
                Relief, and Economic Security (CARES) Act, which I 
                signed into law in March of this year, the Federal 
                Government has allocated $10 million in supplemental 
                funding to MBDA Business Centers and minority chambers 
                of commerce to provide training and advising services 
                for minority business enterprises, empowering them to 
                be leaders in our economic recovery. In addition, the 
                nearly 9,000 Opportunity Zones created by the Tax Cuts 
                and Jobs Act have produced $75 billion in investment 
                for countless minority neighborhoods throughout the 
                United States. My Administration understands that 
                supporting minority businesses promotes a strong 
                national economy, and we will do everything in our 
                power to assist minority-owned businesses as our Nation 
                continues our economic resurgence.

                This week and every week, we celebrate the vast 
                contributions minority-owned businesses make to our 
                great country. As President, I will always proudly 
                stand by minority entrepreneurs and their businesses. 
                My Administration will continue to promote their 
                interests and decrease regulatory burdens to help them 
                unleash their full potential.

                NOW, THEREFORE, I, DONALD J. TRUMP, President of the 
                United States of America, by virtue of the authority 
                vested in me by the Constitution and the laws of the 
                United States, do hereby proclaim September 13 through

[[Page 59644]]

                September 19, 2020, as Minority Enterprise Development 
                Week. I call upon the people of the United States to 
                observe this week with programs, ceremonies, and 
                activities to recognize the many contributions of 
                American minority business enterprises.

                IN WITNESS WHEREOF, I have hereunto set my hand this 
                eleventh day of September, in the year of our Lord two 
                thousand twenty, and of the Independence of the United 
                States of America the two hundred and forty-fifth.
                
                
                    (Presidential Sig.)

[FR Doc. 2020-21114
Filed 9-22-20; 8:45 am]
Billing code 3295-F0-P