evidence: President Biden Takes Credit For Prompting Financial Boom For Black-Owned Small Businesses This Year [...] During a Milwaukee event, President Joe Biden took credit for creating a financial boom for Black-owned small businesses. On Dec 20, he brought to the forefront some of the Biden-Harris administration’s investments that have generated considerable revenue for Black entrepreneurs. [...] Since he and Vice President Kamala Harris were elected, Biden claimed that a record number of 15 million new applicants to start businesses surfaced. Black households with business ownership particularly doubled between 2019 and 2022.