Administrator Guzman Visits Small Businesses in New Orleans to Highlight SBA Efforts to Promote Equitable Recovery

0

Receive instant alerts when news is published about your stocks. Claim your one week free trial for StreetInsider Premium here.


NEW ORLEANS, LA, Feb. 22 2022 (GLOBE NEWSWIRE) — Friday, February 18 Administrator Isabella Casillas Guzmanhead of the US Small Business Administration (SBA) and the voice of America’s 32.5 million small businesses in President Biden’s cabinet, visited the New Orleans, LA metro area to elevate and highlight the health and well-being of Blacks during Black History Month.

“Louisiana’s small business owners and entrepreneurs have shown incredible resilience throughout natural disasters and the pandemic, tapping into vital resources provided by President Biden’s U.S. bailout and other programs. COVID relief and disaster. Their tenacity has contributed to the strongest economic growth America has seen in 40 years,” said Administrator Guzman. “With future growth opportunities ahead, including those realized through President Biden’s Infrastructure Investment and Jobs Act (bipartisan Infrastructure Act), this visit was important to hear from small business owners local businesses and civic leaders on how the SBA can help them succeed. . Without a doubt, the SBA and its partners are committed to filling the capital and opportunity gaps to ensure that all of our great Louisiana businesses, including the incredible black-owned businesses I have encountered, can continue to help us drive our economic recovery. New Orleans is a rich cultural economy, and it was a great honor to travel to the dawn of Mardi Gras to celebrate Black History Month and ensure that my team and I have the ideas to continue to do all we can to help them seize the opportunities ahead. .”

Administrator Guzman began her journey by joining U.S. Representative Troy Carter and meeting with black and local leaders at a roundtable hosted by the congressman. They discussed new changes to federal contracts that will help underserved and disadvantaged small businesses compete for contract opportunities presented by President Biden. Bipartisan Infrastructure Act and other tracks. SBA Resource Partners, Community Navigators and others also shared information about resources and opportunities for small business owners to improve their financial well-being at the event.

“It is an honor to have Administrator Isabella Casillas Guzman here in New Orleans to hear from the community and focus on Black-Owned Businesses in honor of Black History Month,” said said Congressman Troy Carter. “We have a common goal of helping expand the reach of the Small Business Administration and seeking to continually improve its systems so that it can serve more people more effectively. Having Administrator Guzman here in the Second Congressional District shows his commitment to the people of Louisiana, a strong partnership between our offices, and a promise of future collaboration.

After the roundtable, Administrator Guzman visited Café Reconcile, a dining establishment in New Orleans, LA, and met with owner and director of hotel development Brandy Trepagnier and executive director Gerald Duhon. Trepagnier’s company received help from the Small Business Development Center (SBDC) to create its business plan ahead of opening and weathered the worst of the pandemic with funding from the Paycheck Protection Program (PPP). They used the aid to cover salary and administrative expenses.

Administrator Guzman also visited Dooky Chase restaurant co-owner Stella Chase Reese. The restaurant is on the Louisiana Register of Historic Places and served former Presidents Barack Obama and George W. Bush. The restaurant received funding thanks to COVID-19 Economic Disaster Loan, President Biden’s U.S. Bailout and Paycheck Protection Program and used it to keep payroll and administrative expenses down during the height of the pandemic. Reese told Administrator Guzman that the funds helped “get things done; without this help, we would not have been able to move things forward! »

Administrator Guzman also met with Barry Kern, owner, president and CEO of Mardi Gras World. The company benefited from several SBA programs, including the Paycheck Protection Program, using funds to maintain payroll. Administrator Guzman ended her trip by visiting Vance Vaucresson, the third-generation owner of Vaucresson’s Sausage Company, established in 1899, which has its roots in a former black-owned business, the first of its kind, in New -Orléans at the time of reconstruction.

This visit marks the Administrator’s first official visit to the New Orleans area. During her first year in office, Administrator Guzman visited 25 US states and territories, including Puerto Rico, and more than 40 cities.

Photos from the trip are available below.

###

About the United States Small Business Administration

The United States Small Business Administration helps fuel the American dream of business ownership. As the single, go-to resource and voice for small businesses backed by the strength of the federal government, the SBA gives entrepreneurs and small business owners the resources and support they need to start, grow, or grow their business, or recover from a declared crisis. disaster. It provides services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

Press Office
United States Small Business Administration
[email protected]

Source: United States Small Business Administration

Share.

Comments are closed.