Karen Mills, the new head of the SBA has been a private equity investor and adviser since 1993. From 1999 to 2007 she was founding partner and managing director of Solera Capital, a New York based venture capital firm. She is also lead director of Scotts Miracle-Gro.
I think that’s better than appointing a Washington bureaucrat. Hopefully she will bring a new level of efficiency and productivity to the SBA.
More from the Washington Post.
President-elect Barack Obama this afternoon nominated venture capital expert Karen Gordon Mills to head the Small Business Administration.
“We must strengthen the small businesses that are the backbone” of the American economy, Obama said at a Chicago press conference. “With Karen Mills as administrator, America’s small businesses will have a partner in Washington” who will help them create jobs and understand the challenges they face.
The Senate confirmed venture capitalist Karen Mills to take over as the Obama administration’s chief administrator of the U.S. Small Business Association last week.
“Small business is the heart of the American economy,” the 55-year-old states. “There are over twenty-six million small businesses in this country and they create 70 percent of the new jobs. This means that to find our way out of the current economic crisis, we have to find ways to help small businesses stay in operation and even expand.
