Karen Mills Quotes.
Small businesses want things streamlined, and one of the great successes we’re having is less paperwork, faster turnaround times.
It’s not government that creates jobs; it’s small business. Our job is to make sure they have the access to capital, the access to contracting opportunities, and the help, advice and mentoring that they need to go out and be successful.
I recently had the opportunity to participate in Inc.’s first-ever ‘Hire Power Awards‘ event in Washington, D.C. The event was a testament to the power of American entrepreneurship and the role that it plays in driving job creation and innovation in a wide array of industries.
One of the most important tools we have at the Small Business Administration (SBA) to reach high growth entrepreneurs is the Small Business Investment Company (SBIC) program.
One of the most important things we hear is the S.B.A. needs to be ubiquitous. We do all these things, but people still don’t know.
We see entrepreneurship and small businesses and supply chains as a critical part of the economic growth and competitiveness agenda.
Among our responsibilities is to make sure that 23 percent of all government contracts go to small businesses. That’s about $150 billion annually, from all the government agencies.
We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves time and saves costs and we believe we can do that while maintaining the same or increased levels of oversight and risk management.
We don’t want to give a business that is not going to come through the troubled waters a loan that they can’t pay back.
We’ve gotten tremendous support. Everybody now understands how critical it is to help small businesses get out of this recession and into recovery.
I recently had the opportunity to participate in ‘Inc.”s first-ever ‘Hire Power Awards’ event in Washington, D.C. The event was a testament to the power of American entrepreneurship and the role that it plays in driving job creation and innovation in a wide array of industries.