    [United States Statutes at Large, Volume 133, 116th Congress, 1st Session]
    [From the U.S. Government Publishing Office, www.gpo.gov]

    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.

    [[Page 3511]]

    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
    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.
    DONALD J. TRUMP