[Federal Register Volume 84, Number 90 (Thursday, May 9, 2019)]
[Presidential Documents]
[Pages 20531-20532]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09759]


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  Federal Register / Vol. 84 , No. 90 / Thursday, May 9, 2019 / 
Presidential Documents  

[[Page 20531]]


                Proclamation 9877 of May 3, 2019

                
National Small Business Week, 2019

                By the President of the United States of America

                A Proclamation

                During National Small Business Week, we honor America's 
                entrepreneurs who take a risk on an idea, invest in 
                their neighborhoods, and create jobs for others. Small 
                business owners exemplify the American spirit by 
                developing new ways to provide goods and services to 
                consumers. As a Nation, we reaffirm our commitment to 
                the free market so that American small businesses 
                continue to thrive.

                America's 30 million small businesses are central to 
                our economy and our communities. Their courageous 
                innovation makes our cities and towns vibrant places to 
                live, work, and raise families. Small businesses employ 
                almost 59 million workers, more than one-third of our 
                country's labor force. These companies foster 
                environments that reward problem solving and 
                accountability, enabling workers to develop skills and 
                valuable hands-on experience that propel their careers.

                The success of our small businesses depends on 
                leadership and vision from all perspectives and 
                backgrounds. Approximately 10 million American small 
                businesses are women-owned; 29 percent are minority-
                owned; and nearly 10 percent are veteran-owned. As our 
                Nation continues to enjoy record low unemployment, with 
                African-American, Hispanic-American, and Asian-American 
                unemployment all having achieved historic lows, we 
                recognize that much of this success is due to small 
                businesses creating two out of every three net new jobs 
                in our booming economy.

                My Administration is a strong ally and advocate of 
                small businesses and their ability to help America 
                reach its full economic potential. Most small 
                businesses are now able to deduct 20 percent from their 
                taxable business income due to the Tax Cuts and Jobs 
                Act. This historic legislation and other pro-growth 
                policies of my Administration, including the 
                elimination of unnecessary and burdensome regulations, 
                have enabled small business owners to reinvest their 
                profits into their businesses. Additionally, we are 
                investing in infrastructure and cybersecurity to ensure 
                America's entrepreneurs have the tools and technologies 
                they need to compete in a global economy. New 
                initiatives are making it easier for small businesses 
                to offer healthcare coverage options that until now 
                have been largely unaffordable. Moreover, once approved 
                by the Congress, the United States-Mexico-Canada 
                Agreement (USMCA) will better serve the interests of 
                American workers and businesses, including through 
                strong intellectual property protections that secure 
                innovation and trade secrets. The USMCA is the first 
                trade agreement in our Nation's history to include a 
                chapter specifically focusing on small and medium-sized 
                enterprises. All of these efforts to create a more 
                friendly business environment have enabled business 
                owners to pay bonuses, increase wages, and increase 
                benefits--putting more money in the pockets of their 
                workers.

                This week, we celebrate the pioneering spirit, 
                creativity, and determination upon which America has 
                always been built. This undaunted conviction drives our 
                entrepreneurs and small business owners, whose hard 
                work and perseverance give our Nation economic 
                strength. Their initiative, combined

[[Page 20532]]

                with the greatest workforce in the world, is enabling 
                us to convert the unlimited potential of America into 
                great wealth and prosperity.

                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 May 5 through May 11, 
                2019, as National Small Business Week. I call upon all 
                Americans to recognize the critical contributions of 
                America's entrepreneurs and small business owners as 
                they grow our Nation's economy.

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

[FR Doc. 2019-09759
Filed 5-8-19; 11:15 am]
Billing code 3295-F9-P