Our economy creates and loses jobs every quarter in the millions. But of the net new jobs, the jobs come from small businesses: both small businesses on Main Street and many of the net new jobs come from high growth, high impact businesses that are located all across the country. Karen Mills Read Quote
Small businesses, you can give them capital, but what they often need as much is mentoring, advice and help with their business plan. Karen Mills Read Quote
My family was in two businesses – they were in the textile business, and they were in the candy business. The conversations around the dinner table were all about the factory floor and how many machines were running and what was happening in the business. I grew up very engaged in manufacturing and as part of a family business. Karen Mills Read Quote
President Obama vowed in his State of the Union address to make assisting domestic manufacturers a top priority for his second term. Karen Mills Read Quote
The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a nearly $90 billion portfolio. Karen Mills Read Quote
If you want to have prosperity here, we really have to see our small businesses able to grow and compete around the world. Karen Mills Read Quote
The 2009 stimulus law got the ball rolling, allowing the agency to reduce and eliminate fees and raise loan guarantees to 90 percent of the total. I knew that we had the opportunity to use S.B.A. products to fill that gap in a rapid manner, as we ended up doing in the Recovery Act. Karen Mills Read Quote
We have to keep the momentum going in the economy. And we have to make sure that we give small businesses as much cash and liquidity as possible so they have the confidence to hire that next worker. Karen Mills Read Quote
I haven’t checked this out yet, but one of our guys told me we have a counselor within 45 minutes to an hour of most small businesses in this country. That’s really powerful. I call it our bone structure. Karen Mills Read Quote
