According to the report, there was a significant increase in business applications in the Northeast, with 68,475 new applications, a 6.5% increase from the previous month.
This money is part of the first round of $1.5 billion funding for small business development under Biden’s American Rescue Plan Act.
Those living in Philadelphia are in for a frosty treat this summer.
12.3 million women-owned businesses were reported across the country, with over 350,000 of them located in Pennsylvania.
The COVID-19 crisis has impacted many Pennsylvanian small businesses over the past two years.