Over the years, the U.S. Small Business Administration (SBA) has gained a reputation for being inadequate to its purported task of small business advocacy. But change, perhaps, is in the air.
Yesterday, the Senate committee on Small Business and Entrepreneurship unanimously confirmed the nomination of Karen Mills--entrepreneur, venture capitalist, heiress to the Tootsie Roll fortune--to head the ailing agency, which (if the recent funding thrown at it is any indication) the Obama administration expects will play a key role in helping Main Street ride out the recession.
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