Last Friday, President Obama announced that SBA Administrator, Karen Mills’, position was moved to Cabinet status. Reports state that, “President Obama actions are a reflection of the importance he places on small business, economic growth, and job creation.”
The SBA explained that the President, “Asked Congress for the authority that Presidents like Hoover and Reagan have had to reorganize and modernize the federal government. This authority lapsed in 1984, but, today, the federal government needs to be updated to ensure that it meets the demands of entrepreneurs and small business owners in the 21st century.”
Karen Mills went on to say in an article on www.sba.gov that, “The President’s first proposal under this authority would be to create a unified department focused on economic growth and job creation, so that we can be more effective at helping businesses do what they do best – create jobs.”
“For the entrepreneurs and small business owners that SBA and other agencies serve, this is very good news. A more integrated approach would ensure that small businesses would have access to all of the federal government’s programs in a more seamless, coordinated, and coherent way.”
Mills continued, “I’m honored to become a member of the President’s Cabinet, and I’ll continue to provide input to the President on how we can grow the economy and empower entrepreneurs and small business owners. At the SBA, we will work to build on the accomplishments we’ve made over the past three years, such as the record $30.5 billion in SBA lending support we provided to over 60,000 small businesses last year.”
So what are your thoughts on the President’s move to make the SBA a higher priority?
Is this a strategic effort on his part to gain votes from skeptical Americans who’ve continued to see consistent job loss and economic downturn?
Or is this is a geniune effort to get America back to work?
Give me your feedback here or drop me a line at aaronyoung@laughlinusa.com and tell me what you think.
Small Business 411 