This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

SBA Administrator Karen Mills Announces Her Departure

We've transformed our Office of Disaster Assistance. A hallmark of these efforts is our streamlined disaster loan application. During Hurricane Katrina, it took almost 77 days to get a disaster loan turned around. Today, following important reforms, over 50 percent of the Sandy applications are coming in on-line and being turned around within 21 days. I have seen the impact of your work during my recent travels and you should be proud of the role that you are playing, across the Agency, to help those affected rebuild their lives and their businesses.

Together, we've made selling to the federal government easier and more efficient. We've taken a zero tolerance stance on fraud, waste and abuse in federal contracting, created an Administration-wide emphasis on the importance of small business contracting and made it easier for small businesses to apply for federal contracts and to get paid quickly once they win contracts. As a result, in the last three years of reporting, small businesses have accessed more than $286.3 billion dollars in federal contracts. That is $32 billion more than the previous three years, even as overall contract spending decreased during those years.

Working with our resource partner network, we've improved the delivery of our counseling and mentoring services. Today, our SBA "bone structure" includes a national network of Agency field offices, more than 900 Small Business Development Centers, 300 chapters of SCORE and more than 100 Women's Business Centers with over 14,000 members. This network is more integrated and coordinated than at any time in SBA's history. And we are using it to meet entrepreneurs where they are—whether that's on-line, one-on-one or in the classroom.

Because of your hard work, the SBA has established itself as the voice of small business and entrepreneurship both in Washington and across the country. We have a seat at the table because President Obama knows the important role that small businesses play in our economic growth and global competitiveness. And he understands that the SBA has the tools and the team to take America's small businesses to that next level, so that they can drive energy and momentum into the economy. That's why the President elevated my position to his Cabinet, so we can make sure that small businesses and entrepreneurs are a centerpiece of America's growth agenda.

And because of the work you have done the SBA has become the place that small businesses and entrepreneurs turn for trusted and reliable information on legislative issues and changes to the tax code and regulations that will affect their businesses. It is because of your work that we were able to pass the Small Business Jobs Act of 2010, the most comprehensive piece of small business legislation in over a decade.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs