Treasury Secretary Janet Yellen of the Biden administration is set to travel to Detroit to showcase the administration’s support for small businesses in Michigan and across the country. This visit comes at a crucial moment for President Biden, who received both support and opposition during a recent campaign stop in Warren. The union’s endorsement for the 2024 election was announced just a week before the president spoke at a United Auto Workers hall. Meanwhile, protesters outside called for restrictions on military aid to Israel and a ceasefire in Gaza.
During her visit to Detroit, Yellen will attend several events where she will promote 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 visit Michigan Central to take a tour and join a roundtable with U.S. Senator Debbie Stabenow and local entrepreneurs.
The trip will highlight the administration’s efforts towards small business growth and celebrate what it terms as a “small business boom” in the US economy, with 16 million new business applications 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.