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Karen Gordon Mills

Men's Heart 42 Desgin Long Sleeve Tee ShirtPresident-elect Barack Obama this afternoon nominated enterprise capital knowledgeable Karen Gordon Mills to head the Small Enterprise Administration.

“We must strengthen the small companies which might be the backbone” of the American economic system, Obama mentioned at a Chicago press conference. “With Karen Mills as administrator, America’s small companies can have a accomplice in Washington” who will assist them create jobs and understand the challenges they face. Mills, who has been a part of the president-elect’s SBA transition team, is president of MMP Group, a non-public fairness investor and adviser since 1993. From 1999 to 2007 she was founding associate and managing director of Solera Capital, a new York based mostly enterprise capital agency. She can also be lead director of Scotts Miracle-Gro. Her husband is president of Bowdoin School in Maine. During the announcement, Mills referred to as small businesses “the heart” of the American financial system and mentioned businesses on Important Avenue or perhaps a “green vitality startup” are what can help the nation create jobs and remain aggressive.

The National Small Business Affiliation, an advocacy group, mentioned it was not troubled that Mills does not come from a small-enterprise background. “We’re not overly involved by directors with out small-enterprise experience or backgrounds — like former SBA chief Steven Preston — so long as they’re clearly grounded and have expertise with key business, economic and operational challenges… which Ms. Mills seems to have,” mentioned Molly Brogan, the association’s vice president of public affairs. Performing SBA Administrator Sandy Baruah was additionally pleased with Obama’s nomination. “Karen Mills has been a good friend and professional accomplice over the years in each my roles because the assistant secretary of Commerce and the head of the SBA. She is ideally suited to steer the company,” he mentioned. “Mills’ background is a combination of administration, enterprise capital and public policy, three components key to leading the company successfully.”

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