On the recordFebruary 9, 2023
Mr. Speaker, I rise today to celebrate the contributions of Black business owners during National Entrepreneurship Week. Black entrepreneurs have been at the forefront of innovation, introducing new products, services, and industries that drive economic progress. Yet, many face barriers accessing equity capital and financing with affordable interest rates to sustain their growth. According to the Alliance for Entrepreneurial Equity, Black startups receive a mere 1 percent of total venture financing. Most start with just one-third of the capital available to their White counterparts. This Black History Month, I want to recognize Makieda Hart, a startup founder and Black businessowner in my district. Through her tenacity and determination, she continues to grow her business and makes an impact in the 10th Congressional District of Washington State. Knowledge about capital and resources are essential to all small business owners, and she encourages young people to seek a mentor and to always learn. Mr. Speaker, I urge my colleagues in Congress to take a closer look at the challenges faced by Black entrepreneurs and to work together to build a stronger, more equitable economy for all because economic justice is, indeed, social justice. ____________________





