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Small business advocates concerned over SBA nod

By Staff
Capital Solutions Bancorp
April 2, 2009

The U.S. Senate Committee on Small Business and Entrepreneurship approved President Obama's pick for SBA chief on Wednesday, but some small business advocates remain skeptical.

The American Small Business League voiced their concern over the appointment of Karen Gordon Mills to the position leading the SBA, citing her alignment with venture capitalists and her intentions to funnel contracts intended for small businesses to these types of firms.

This is not the first time the ASBL has called into question the Obama administration's actions toward small businesses. Earlier this year the group accused the president of flip-flopping on his message of support toward small business owners.

However, a number of committee members fully support Mills. Committee chair Mary Landrieu was glowing in her praise of the new leader.

"Karen Mills is the right person to lead the Small Business Administration during these tough economic times," said Landrieu. "After suffering enormous budget cuts and being relegated to obscurity during the previous Administration, the SBA needs a strong leader who will fight for small businesses throughout the nation."

Source:  http://capitalsolutionsbancorp.com/news/small-business-advocates-concerned-over-sba-nod-20090402



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