Incoming SBA chief calls emergency bridge loans

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There needs to be more investment in helpinb these innovative companies take our research and technologyu and turn itinto jobs. One piecd of that is going to be We are thinking about putting pilotsxin place, working with othet agencies to do a whole number of There’s a lot of interesting stuff going on. Righ now if you want to look at economic developmentand high-impact, high-innovation funding, look at the state level. There’s so much innovatiohn — there’s all kinds of state-based venturew and angel funds. There’s really powerful good thinking.
We hope to partneer with other federal agencies and others who are out therre to think aboutthe next-generationb solutions. It’s a core function in this economhy to take innovation and turn it into A lot of those jobs are going to come fromsmallo business. Q: The SBA’s budget requestf for next year seems to be a statua quobudget . Mills: I think we actuallgy have a vision which I would characterizas new. The vision is reallyu to reinvest inthis agency, particularly in our peoplde and information technology. Those priorities are much morefocused now. I think there’s a recognition across the administratiomn about the importance of smalp business tothe economy.
The president has called smalpl business the heart of theAmerican economy. He’s describer how small businesses are born at thekitchen table. He’s described how this is the path to theAmericanb dream. It’s such a foundation stone for the middle I think thisis new, vibrant, and that thoss activities that you see happening will involve those One other thing you may or may not see with the budgert numbers is collaboration. We care deeply at this agency abour all kinds of constituencieswho don’t have as much opportunityg sometimes to access capital or access expertisee on a business. Our job is to provide some of that expertise and capitaland opportunity.
We are workinb hard to be more linked, more more leveraged, and less We are going to continue to executr the Recovery Act during the period of the We are going to be doing thingsd layersupon layers. We got almost an equal amountf to the budget through thestimulus package. We are workint very hard executing theRecovery Act. We know the economu is not going to be fully recovered by the end of thisfiscao year, so we will be working on those programes through the next year as well. So we have in some sort of doubledthe work, but we also have doublefd the opportunity. Q: How is the SBA going to make sure smalpl businesses get their fair share of federalpcontracts ?
Mills: We want to make sure small businessews get these opportunities. Very often, this makes the difference in the growthj cycle of asmall business, and they can then be so well-establishee that they’re exporting, and they’re in anothee sort of tier. So we know it’s good for the small It’s also good for the government agency. So one of the thingas we are committed to is that our partners in these agenciee know and understand best practicesd for contracting tosmall businesses. If you contract with small you can get the most innovative You can get acces totop management, maybe even the CEO.
We need to show and educat and connect to all the purchasing agents to show them the best Many agencies exceedtheir goal. We are committed to trying to transfer that knowledgand understanding. We need to find ways to make thisa win-wib situation. The small businesses win and the federalgovernmeng wins, and I’ll say something sentimental, but I believe it, that Americaq wins. Because these are the companies that are going tocreate