What does it take to succeed as a small business owner in today's economy? According to former Biden administration official Jonathan Lovitz, it's not just about surviving but ensuring everyone has an equal opportunity to thrive. As the director of public affairs & senior adviser at the US Economic Development Administration (within the US Department of Commerce), and the former senior vice president of the National LGBT Chamber of Commerce, Lovitz knows a thing or two about it. Lovitz advocates for policies that lift all boats, especially those of marginalized entrepreneurs.
In this episode of Living Not So Fabulously, Lovitz spoke with hosts David & John Auten-Schneider and explained how supporting diverse communities, particularly LGBTQ+ business owners, is key to building a stronger, more resilient economy for everyone.
Lovitz underscores the importance of access to capital, opportunity, and growth for small businesses, regardless of background. He emphasizes that inclusive, "place-based" economic strategies empower entrepreneurs to succeed within their own communities. “When one of us rises, we all rise,” he says, highlighting the collective power of diverse business owners who contribute nearly $2 trillion to the U.S. economy each year.
Related Videos
For Lovitz, it’s about opening doors and creating space for everyone to compete—not giving special treatment but ensuring equal opportunity for all.
For full episodes of Living Not So Fabulously, listen on your favorite podcast platform or watch on our website.
Yahoo Finance's Living Not So Fabulously is created and produced by Rachael Lewis-Krisky.