WASHINGTON, D.C. – Today, Drew Maloney, CEO and President of the American Investment Council, released the following statement to welcome the incoming Biden Administration and all re-elected and newly elected government leaders:
“We congratulate President-elect Biden, Vice President-elect Harris, and all incoming members of Congress on their election victories. The AIC team and our member firms look forward to working with the new Administration and Congress to support struggling businesses across the country and help fuel the post-COVID economic recovery.
“Private equity continues to invest in communities across America and support workers, businesses, and public servants impacted by COVID shutdowns. Private equity directly employs millions of Americans across every state and delivers the highest returns for public pensions, strengthening the retirements of millions of teachers, firefighters, and other public servants. We look forward to working together to strengthen businesses and spur economic growth nationwide.”
The private equity industry is working to: