Maria Contreras-Sweet, Administrator of the U.S. Small Business Administration (SBA) and a member of President Obama's Cabinet, today released her SBA Cabinet Exit Memo, highlighting the agency's record of accomplishments for America's small businesses during the eight years of the Obama Administration.
"Small businesses are the cornerstone of the American Dream. They give us the freedom to chart our own paths and live to our fullest potential. They are the engines of American job creation, creating the majority of our new jobs and are the wellspring of American innovation. Small business owners shape the character of our Main Streets and are the pillars of our communities," Contreras-Sweet said.
"Under President Obama, we at the U.S. Small Business Administration have been fighting to ensure that America's entrepreneurs receive the support they need to succeed with unprecedented access to capital, counseling, and record-level federal contracting opportunities. Looking back on the economic crisis the nation faced eight years ago, I am awed by the strides made by this Administration and proud of the role that the SBA team has played in supporting that progress. America's small businesses were hit hard by the Great Recession, and we responded with a comprehensive effort to encourage entrepreneurship and bolster job creation."
Obama Administration highlights:
"When private sector small business lending faltered, the SBA stepped in to the breach, bridging the gaps and reaching record levels of lending support to America's entrepreneurs. When small firms needed increased earnings to thrive and grow, we worked with small businesses to help them win record-shattering levels of contracts. When our heroic veterans needed help entering a difficult economy, we created new training programs – bringing entrepreneurial skills to more than 50,000 members of our military and their spouses. When underserved communities across the nation were struggling to rebuild, we launched a series of initiatives to boost entrepreneurship, lending, investment and innovation," Contreras-Sweet added.
To read the complete exit memo and learn more about SBA's record accomplishments in modernizing its programs and systems; expanding opportunities for entrepreneurs from every corner of the nation; improving support structures for entrepreneurs and catalyzing high growth, high impact startups; and broadening access to global markets through exporting visit:
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