Treasury Secretary Janet Yellen of the Biden administration is heading to Detroit to promote the administration’s support for small businesses in Michigan and across the US. This visit comes at a critical time for President Biden, as he received both support and opposition during a recent campaign stop in Warren.
During her visit to Detroit, Yellen will attend several events where she will highlight three legislations – the Inflation Reduction Act, Bipartisan Infrastructure Law, and the CHIPS and Science Act. She will be joined by Michigan Governor Gretchen Whitmer at the Detroit Economic Club and take a tour of Michigan Central to join a roundtable with U.S. Senator Debbie Stabenow and local entrepreneurs.
The visit will focus on the administration’s efforts in small business growth and celebrate what it terms as a “small business boom” in the US economy, with 16 million new business applications being 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.