Washington, D.C. — Today, President Biden signed an Executive Order designed to address concentrated corporate power and encourage fair competition across the economy. In response, members of the Access to Markets Initiative, which is building and supporting a community of engaged entrepreneurs, business leaders, investors, and advocates, issued the following statements.
“Entrepreneurs and businesses deserve access to fair markets to bring their vision to life. With today’s Executive Order, President Biden is helping to make that a reality,” said Nidhi Hegde and Denise Hearn, co-leads of the Access to Markets initiative. “This Executive Order will put an end to the many ways dominant corporations block and undermine entrepreneurs and smaller businesses – and help to create a level playing field that fosters innovation and allows the best ideas, products, and services to flourish.”
“Small businesses, particularly those in under-resourced communities, are critical to a strong and resilient economic recovery from COVID-19,” said John Arensmeyer, Small Business Majority Founder and CEO. “But in order to succeed, they need a level playing field so they can compete with titans of industry. We're thrilled the White House is taking this step to address monopolization and concentrated markets that are holding our nation's job creators and innovators back. This is a win for small businesses and our economy."
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