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News Now

Washington
New SBA leader named
WASHINGTON (12/22/08)—President-elect Barack Obama is expected to name Karen Gordon Mills as the new chief of the U.S. Small Business Administration (SBA). SBA Acting Administrator Sandy Baruah said in a release that Mills is “ideally suited to lead the agency.” “Mills’ background is a combination of management, venture capital, and public policy, three elements key to leading the agency successfully. In addition, Mills has a record of bi-partisanship which is important to SBA and the small business community the agency serves,” Baruah said. Even before Obama announced the nomination officially, Sen. Olympia Snowe of Maine, the top Republican on the Senate's Small Business and Entrepreneurship Committee, released a statement congratulating Mills. (washingtonpost.com, Dec. 19) That report noted Mills is president of MMP Group, a private equity investor and adviser based in Brunswick, Maine, and has been part of the Obama SBA transition team . From 1999 to 2007 she was founding partner and managing director of Solera Capital, a New York-based venture capital firm. She is lead director of Scotts Miracle-Gro.


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