The US federal government has approved five additional state and territory plans of US$339 million to support entrepreneurship and local small business success across Arkansas, Guam, Rhode Island, the US Virgin Islands, and Wisconsin. Calling it a historic investment in small business growth, entrepreneurship, and access to capital, Secretary of the Treasury Janet Yellen said these funds would promote equitable economic growth nationwide by reducing barriers to capital access for traditionally underserved communities. This funding is expected to help entrepreneurs and small businesses lift communities disproportionately impacted by the pandemic by expanding access to capital and providing them with the resources they need to succeed.
