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'What we're here to do is lift up communities': Small Business Administration prioritizes needs of Phoenix Latino businesses

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The roundtable was part of the Latino Prosperity Tour, a Biden-Harris initiative to highlight small Latino startups and offer federal resources.

" are starting businesses at high rates, they're 14% of all small businesses across the country and growing, and we want to make sure that they can continue to thrive and leverage the opportunities," Guzman said."We've seen disparities in the past, but the Biden-Harris administration is really focused on all lifting up all our great ideas from everywhere, as these small businesses are job creators.

Luis Cruz, 68, one of the attendants of the event, said he grew up in Puerto Rico in a household supported only by his mother, who was forced to drop out of school as a child after her mom passed away. She taught herself how to read, write, and do math, Cruz said.As he grew up, Cruz said he noticed his mom faced challenges in accessing resources and opportunities in education, entrepreneurship and financial growth.

Rep. Greg Stanton, D-Ariz., also highlighted the importance of supporting Phoenix's younger Latino generations during Thursday's event.

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