The U.S. Small Business Administration (SBA) has released an updated Equity Action Plan to promote inclusivity and economic opportunity for America's 33 million small businesses and startups, especially those from underserved communities. The plan focuses on improving access to capital, enhancing entrepreneurial support services, and broadening economic opportunities. The plan is part of the administration's broader commitment to equity, initiated by President Biden's Executive Order. The 2023 Equity Action Plan aims to empower diverse entrepreneurs, including people of color, women, veterans, and those from rural communities. Key improvements include improving access to loan capital, enhancing federal government procurement, modernizing disaster assistance, tailoring business counseling and training, and diversifying investment capital within the Small Business Investment Company (SBIC) Program.