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SBA Head Leaving; No Successor Nominated


NEW YORK (AP) â¿¿ Small Business Administration head Karen Mills is leaving the agency at the end of August although her successor has not yet been nominated.

Mills, who had announced in February that she planned to resign, told staffers of her plans on Wednesday, said Emily Cain, a spokeswoman for the SBA.

Mills had pledged to stay in her position until her successor was ready to be sworn in, but President Barack Obama has not nominated someone to head the SBA. It was not known when a nomination might be made; a White House spokesman, Robert Whithorne, said in an email that he had no personnel announcements to make.

It's also not known who will be in charge of the SBA when Mills leaves. The SBA's second highest-ranking official, Deputy Administrator Marie Johns, resigned from the agency earlier this year. No replacement has been named for her.

"The agency is working closely with the White House on transition plans and on the appointment of a successor," Cain said.

Mills will be taking positions at Harvard University's Kennedy School of Government and its Business School, according to Jim Aisner, a spokesman for the business school. She will be working on the school's U.S. Competitive Project and its entrepreneurship program, Aisner said.

Mills has been SBA administrator since April 2009, and joined Obama's cabinet in January 2012. She has had support from both political parties and from small business advocacy groups for her holistic approach toward helping small business. She has said the government needed to do more than guarantee loans for companies; it also needed to help struggling companies get the counseling they needed in order to qualify for loans.

Under her direction, the agency streamlined its loan process and shortened the amount of time it takes for companies to be granted loans.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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