August 21, 2023 - Steelton, PA
Lieutenant Governor Austin Davis and Department of Community and Economic Development (DCED) Secretary Rick Siger highlighted new state funding in the recently signed budget to support the Historically Disadvantaged Business Program. The Lieutenant Governor visited Candle Kreationz, at an event today at a woman-owned business in Steelton that opened earlier this year, to highlight these historic state investments. "Small businesses, like beauty salons and barber shops, create community and commerce - not just jobs, but ladders of opportunity," said Lt. Gov. Davis. "Unfortunately, small businesses that are owned by Black and brown folks or women sometimes struggle with access to capital. Minority-owned businesses are three times more likely to be denied a loan and pay a higher interest rate. Still, communities like Steelton and my hometown of McKeesport are resilient. Black and brown communities have continued to show support for local businesses, like Candle Kreationz, despite a historical lack of support and investment from the government. That changes under the Shapiro-Davis administration. We will never leave any community behind." The 2023-24 bipartisan, common-sense budget spurs job creation, fosters innovation and provides the funding to make Pennsylvania more competitive on a national scale. It includes a $20 million investment to fund the Historically Disadvantaged Business Program to invest in small minority-, women- and veteran-owned businesses in the Commonwealth and provide significant support.
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