[Federal Register Volume 84, Number 214 (Tuesday, November 5, 2019)]
[Presidential Documents]
[Pages 59701-59702]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-24279]


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  Federal Register / Vol. 84 , No. 214 / Tuesday, November 5, 2019 / 
Presidential Documents  

[[Page 59701]]


                Proclamation 9959 of October 31, 2019

                
National Entrepreneurship Month, 2019

                By the President of the United States of America

                A Proclamation

                Throughout our American story, the trailblazers who 
                have been willing to take great risks and chart new 
                frontiers have changed the landscape of business, 
                science, and technology, often setting the global pace 
                for productivity and prosperity. Their relentless 
                pursuit of success has launched new industries, created 
                millions of jobs, and fueled an economy that is the 
                envy of the world. During National Entrepreneurship 
                Month, we recognize the men and women who have turned 
                their passion into innovation, and we pledge to 
                continue fostering economic freedom so the next 
                generation of transformational entrepreneurs is able to 
                unlock their full potential.

                Our Nation is home to the greatest entrepreneurs in the 
                world because we provide an environment in which they 
                can thrive. American entrepreneurs have access to an 
                unmatched research and development infrastructure that 
                includes 8 of the world's 10 most innovative 
                universities. Additionally, our Nation's highly 
                developed private capital markets and other alternative 
                investment models provide our entrepreneurs with access 
                to necessary funding to develop and commercialize their 
                revolutionary ideas. We have a strong intellectual 
                property rights system, and my Administration has 
                aggressively responded to the theft of American 
                intellectual property in order to protect our 
                entrepreneurs' most valuable assets--their ideas and 
                innovation.

                To help entrepreneurs succeed, my Administration 
                continues to reduce unnecessary regulations, bolstering 
                investment and improving global competitiveness for 
                small business owners. We have cut 8.5 regulatory 
                actions for every significant regulatory action added, 
                setting up our country's bold risk-takers for success 
                rather than hindering their undertakings with 
                burdensome red tape. These efforts have helped create 
                ripe conditions for entrepreneurs to flourish, 
                encouraging business expansion and increasing hiring 
                for startups.

                The United States economy and the American people are 
                also continuing to reap the benefits of the Tax Cuts 
                and Jobs Act that I signed into law during my first 
                year in office. Entrepreneurs are one of the biggest 
                beneficiaries of this landmark legislation, which 
                delivered much-needed tax relief for small businesses. 
                Certain pass-through businesses are now able to deduct 
                20 percent of their qualified business income and 
                business owners can fully deduct the cost of new 
                capital investments, endowing start-ups and small 
                businesses with a greater percentage of their hard-
                earned revenue for further investment. Additionally, 
                this historic tax reform legislation includes a key 
                provision that creates Opportunity Zones, helping to 
                facilitate the necessary funding for entrepreneurs to 
                start new businesses and create jobs in economically 
                depressed communities. The Opportunity Zone tax 
                incentive will unlock resources for entrepreneurs to 
                substantially grow and scale their businesses at 
                unprecedented rates while simultaneously reinvigorating 
                struggling communities.

                The results of my Administration's tax reform and 
                focused deregulation have been tremendous. Since my 
                election, the American economy has added more than 6.4 
                million jobs, and last month the unemployment rate 
                dropped

[[Page 59702]]

                to a half-century low. We remain committed to extending 
                economic opportunities further and ensuring that the 
                economic boom currently taking place across our country 
                provides opportunities for all Americans.

                The qualities needed to start and grow new businesses--
                industriousness, courage, determination, hard work, and 
                a penchant for innovation--are those which continue to 
                define the American spirit and push humankind to new 
                levels of discovery and success. This month, we 
                recognize the countless American entrepreneurs who 
                embody these values and continue to redefine the limits 
                of what is possible. Together, we celebrate their drive 
                and boundless tenacity, and we reaffirm our support for 
                them as they continue to shape and strengthen our great 
                Nation.

                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 November 2019 as 
                National Entrepreneurship Month. I call upon all 
                Americans to commemorate this month with appropriate 
                programs and activities and to celebrate November 19, 
                2019, as National Entrepreneurs' Day.

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

[FR Doc. 2019-24279
Filed 11-4-19; 11:15 am]
Billing code 3295-F0-P