Treasury Secretary Janet Yellen is heading to Detroit to showcase the Biden administration’s support for small businesses in Michigan and across the country. This trip comes at a critical moment for President Biden, as he received both support and opposition during a recent campaign stop in Warren, where he spoke at a United Auto Workers hall just a week after the union endorsed him for the 2024 election. Meanwhile, protesters outside called for stricter military support for Israel and a ceasefire in Gaza.
In Detroit, Yellen will attend several events to promote three pieces of legislation: the Inflation Reduction Act, Bipartisan Infrastructure Law, and the CHIPS and Science Act. She will be accompanied 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 to support small business growth and celebrate what it calls 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.