Official Statement
For Immediate Release
Contact: [email protected]
Washington, D.C. (November 6, 2024) — Following the announcement of the 2024 presidential election results, we acknowledge the election of President-elect Donald Trump, Vice President-elect J.D. Vance, and the newly elected members of Congress. As the incoming administration and Congress prepare to take office, the Association for Enterprise Opportunity (AEO) looks forward to working together to foster policies that increase awareness of and support for the unique challenges faced by underserved entrepreneurs and communities. At the Association for Enterprise Opportunity (AEO), we remain steadfast in our commitment to advancing economic opportunity and supporting the entrepreneurial aspirations of communities across the United States.
“The results of the 2024 election affirm that the American economy remains a top priority for our nation. Small businesses have experienced record-breaking growth in recent years, underscoring their essential role in driving economic progress and opportunity,” said Natalie Madeira Cofield, President & CEO of AEO. “As we move forward, AEO is dedicated to strengthening the entrepreneurial ecosystems that fuel this growth. We look forward to partnering with the new administration and all members of Congress to ensure that every entrepreneur and the organizations that support them, have resources to enable success.”
Small businesses are central to our economy, constituting 99.9% of all U.S. businesses and providing employment to nearly half of the private sector workforce. Entrepreneurs play a critical role in driving innovation, economic resilience, and job creation, contributing over 65% of new jobs each year. AEO remains committed to ensuring that aspiring business owners, representing every community across the nation from rural to urban, have access to the resources and support necessary to succeed.
AEO stands ready to collaborate with the administration on key issues, including support for entrepreneurial ecosystems and business service organizations—improving access to capital, regulatory relief, and initiatives prioritizing regional and rural economic development. Together, we can cultivate robust economic ecosystems nationwide, paving the way for an inclusive and thriving small business landscape and ensuring a prosperous economy where entrepreneurial aspirations are within reach for all Americans.
About AEO
The Association for Enterprise Opportunity (AEO) is the leading national organization dedicated to creating economic opportunity for underserved entrepreneurs. AEO advocates for inclusive policies and drives initiatives that enable underserved communities to thrive by connecting small businesses to critical resources and support. For more information, please visit: www.aeoworks.org.
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