Treasury Secretary Janet Yellen is set to travel to Detroit to promote the Biden administration’s support for small businesses in Michigan and across the US. This visit comes at a pivotal time for President Biden, as he received both support and opposition during a recent campaign stop in Warren.
Yellen will be attending several events during her trip, including a roundtable with U.S. Senator Debbie Stabenow and local entrepreneurs at Michigan Central. She will also join Governor Gretchen Whitmer at the Detroit Economic Club to promote three legislations: the Inflation Reduction Act, Bipartisan Infrastructure Law, and the CHIPS and Science Act.
During her visit, Yellen will highlight the administration’s efforts in small business growth and celebrate what it terms as a “small business boom” in the US economy. Over 16 million new business applications were filed in the first three years of the administration. Yellen has made similar visits to Illinois and Wisconsin, and her last visit to Michigan was in September 2022 when she delivered remarks at Ford’s Rouge Electric Vehicle Center.