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White House Small Business Summit: Loeffler and Trump Honor State Small Business People of the Year

May 7, 2026 · The White House · 0:02:06

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

SBA Administrator Kelly Loeffler welcomed attendees to the White House for National Small Business Week and congratulated the Small Business People of the Year from all 50 states, saying the people in the room represent the 36 million small businesses that create 40% of all economic activity in the United States, and that administration policies protect and reward them, according to Loeffler.

Business owners featured in the video credited specific policies: one from South Carolina said support from the administration is felt every day; another said no tax on tips and no tax on overtime had been very impactful for his employees this year; another called Trump the first Made in America president pushing U.S. manufacturing; and another said Trump’s tariffs brought jobs back from China to America, according to the owners’ remarks. One owner described a working family tax cut letting small businesses reinvest cash in their teams, products, and innovation, according to the video.

President Trump addressed the room, calling the owners the lifeblood of the American economy, congratulating them, and saying this is the golden age of America, according to Trump. An attendee called Trump the most pro-growth, pro-small-business president in American history, according to the video.

Why it matters

The summit is the White House’s small-business case in miniature — the 36-million-business, 40%-of-activity framing from the SBA administrator and owner testimonials tied to tips, overtime, and tariff policy.

Sources: The White House, “Small Business Summit at The White House”, 2026-05-07 (official upload, embedded above; published 2026-05-07). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.