Microbusinesses, which are defined as businesses with one to five employees (including the owner), account for 91% of all businesses in the United States. AEO's policy agenda focuses on the development of strong and effective microbusiness initiatives to assist underserved entrepreneurs in starting, stabilizing and expanding their businesses.
On behalf of our members, we work closely with policymakers at the national level on Capitol Hill and in the Administration to ensure the availability of capital and technical assistance to entrepreneurs around the country. We collaborate with State Microenterprise Associations, national policy coalition partners, local agencies and other industry stakeholders on our advocacy efforts.
For an overview of AEO's 25+ years of advocacy achievements, click here.
Budget & Appropriations
Studies have shown that microbusinesses that receive capital access and entrepreneurial development programs, like SBA's Microloan program and Department of Treasury’s CDFI Fund, are far more likely to still be in business after five years. AEO advocates for full and robust funding of these programs on behalf of the small business community.
Access to Capital
America’s small businesses are facing a $52 billion capital gap. Many options exist for borrowers outside of traditional banks, but connecting borrowers with these resources remains a challenge. AEO’s primary mission is to create opportunity for underserved entrepreneurs by ensuring that they are able to satisfy their capital needs.
June 18, 2018
Bank of America Invests $200,000 in Carolina Small Business Development Fund
nk of America commits $200K to Carolina Small Business Development Fund (CSBDF) to help expand access to capital to underrepresented veteran-owned small businesses in the Carolinas.
June 18, 2018
Introducing...the Tapestry Project
On June 19th, AEO announced the launch of the Tapestry Project, an initiative that seeks to accentuate and accelerate Black business development so that existing businesses and aspiring entrepreneurs reach their full potential.