Tag Archives: Karen Mills

SBA, Smithsonian Believe Sequestration Furloughs Not Needed

The Small Business Administration and the Smithsonian Institution project they will not need to furlough workers in the event of sequestration cuts taking effect, GovExec reports. Eric Katz writes those agencies instead will look to reduce their budgets in other areas to help manage the cuts, totaling $85 billion across …

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Karen Mills Stepping Down From SBA Leadership

Karen Mills, head of the Small Business Administration, told agency staff Monday she is stepping down after four years at the helm. Mills will continue to lead the agency until her successor is named, according to the notice. She said small businesses have won more than $286.3 million in federal …

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Report: 6 Cabinet Posts Could Open for Obama’s 2nd Term

According to a GovExec report, six Cabinet positions could see changes for President Barack Obama’s second term, continuing a historical trend of turnover for two-term presidents. Sophie Quinton writes that on average, for the five two-term presidencies since World War II, only one of two Cabinet officers have stayed for …

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Small Business Leads Innovation in Regional ‘Clusters’

Head of the Small Business Administration Karen Mills announced support for a pilot program that recognizes 10 regional economies or “clusters” and that will enhance the role SBA plays in these regional areas. The communities and economies chosen reflect collaborations between small businesses, the public sector, economic development and other …

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Driving the Economy: National Small Business Week

President Barack Obama proclaimed May 23-29, 2010 as the 47th annual National Small Business Week. This year, around 27.2 million small businesses in the country are being honored. During the midst of one of the worst economic recessions in our history, this week is a reminder that small-business owners are …

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More Funding, Later Deadline for SBA

The U.S. Small Business Administration is extending the deadline of Recovery Act lending through May. Last Thursday, April 15, 2010, President Obama signed legislation that will provide another $80 million for SBA’s two loan programs. This additional funding will go towards supporting around $2.8 billion in small business lending, SBA …

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2010 National Small Business Week

Since 1963, National Small Business week has recognized small businesses around the country and how they are contributing to overall economic prosperity.  Small business owners and entrepreneurs are honored for their contributions to the economic well-being of the country during this 3 day event. This year National Small Business week …

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SBA Restarts Recovery Loan Approvals

President Barack Obama signed legislation Tuesday extending the Small Business Administration’s ability to provide small-business loans enhanced with special provisions of the American Recovery and Reinvestment Act, including a higher guarantee of SBA-backed loans and a waiver of loan fees normally paid by borrowers. New approvals of eligible loans with …

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