[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.

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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