Statement by SBA Administrator Maria Contreras-Sweet on Cuba Policy Changes

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Dec 17, 2014, 08:43 ET

WASHINGTON, Dec. 17, 2014 /PRNewswire-USNewswire/ --

"President Obama's decision to reestablish diplomatic relations with Cuba and ease some commercial and travel restrictions is a step toward increased freedom and economic opportunity in our hemisphere. The prospect of greater liberty and stronger commercial ties presents ordinary Cubans with a renewed chance to provide for their families and live to their fullest potential. We are convinced that the best way to ensure opportunity and democracy in Cuba is by empowering the Cuban people – rather than denying them access to resources. At the same time, American businesses, small and large, stand to gain access to an important new market for goods and services only 90 miles from our shores.

"While there remains much work to be done, this is an important start. We at the SBA stand ready to work with American small businesses to realize the full potential of today's historic announcement."