In recent times, Treasury Secretary Janet Yellen from the Biden administration has scheduled a trip to Detroit to spotlight the administration’s dedication to supporting small businesses across the country. This visit is happening at a critical moment for President Biden as he received both support and opposition in Michigan during a recent campaign stop in Warren. During this event, the president spoke at a United Auto Workers hall just a week after the union endorsed him for the 2024 election.
During her visit to Detroit, Yellen will participate in several events aimed at promoting three legislations: the Inflation Reduction Act, Bipartisan Infrastructure Law, and the CHIPS and Science Act. She will be accompanied by Michigan Governor Gretchen Whitmer at the Detroit Economic Club and will tour Michigan Central to join a roundtable with U.S. Senator Debbie Stabenow and local entrepreneurs.
The focus of this visit is on highlighting the administration’s efforts towards small business growth and celebrating what they term as a “small business boom” in the US economy. Since taking office, 16 million new business applications have been filed, marking significant progress in this area. Yellen has made similar visits to Illinois and Wisconsin, and her last trip to Michigan was in September 2022 when she delivered remarks at Ford’s Rouge Electric Vehicle Center.
Overall, Yellen’s visit to Detroit is an important opportunity for her to showcase the Biden administration’s commitment to supporting small businesses and driving economic growth across the country.