Treasury Secretary Janet Yellen is set to visit Detroit to highlight the Biden administration’s support for small businesses in Michigan and across the US. This trip comes at a crucial moment for President Biden, who received both support and opposition during a recent campaign stop in Warren, where he spoke at a United Auto Workers hall a week after the union endorsed him for the 2024 election. Meanwhile, protesters outside called for restricted military aid to Israel and a ceasefire in Gaza.
In Detroit, Yellen will participate in 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 visit will focus on 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 filed in the first three years of the administration. Yellen has made similar trips 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.