[Congressional Record Volume 169, Number 27 (Thursday, February 9, 2023)]
[House]
[Page H803]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
CELEBRATING CONTRIBUTIONS OF BLACK BUSINESS OWNERS DURING NATIONAL
ENTREPRENEURSHIP WEEK
(Ms. STRICKLAND asked and was given permission to address the House
for 1 minute and to revise and extend her remarks.)
Ms. STRICKLAND. 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.
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