|By PR Newswire||
|February 11, 2013 12:20 PM EST||
WASHINGTON, Feb. 11, 2013 /PRNewswire-USNewswire/ -- SBA Administrator Karen Mills today announced her departure. Following is the note that was sent to SBA staff.
Dear SBA Team:
After four years as Administrator of the SBA, I have let President Obama know that I will not be staying for a second term. I will stay on until my successor is confirmed to ensure a smooth and seamless transition.
Serving as SBA Administrator, and seeing this Agency rise to meet the economic challenges we faced when I arrived four years ago, has been both a privilege and an honor.
As I have said to President Obama, and leaders in Congress, "We are a small agency with a big mission." We advocate for 28 million small businesses. We are responsible for the individuals who create two of every three net new jobs in our economy. And I cannot think of a better team to support these job creators. I want to take this opportunity to thank everyone across the SBA for the work you have done to help America's entrepreneurs and small business owners during this critical juncture in our nation's history.
Four years ago, when I arrived at the SBA, America's small businesses and entrepreneurs were struggling in the face of the worst economic environment since the Great Depression – and a banking sector that was frozen.
Together, we rolled up our sleeves and went to work. And from day one, each of you stepped up and fulfilled the mission of what the Agency was created to do. And you should be proud because our accomplishments are significant.
Together, we got capital into the hands of small business owners and entrepreneurs when they needed it most. We streamlined and simplified SBA programs, in some cases taking more than one hundred pages of paperwork out of the applications for some of our loan products. We brought more than 1,000 community banks back to SBA lending, opened our loan products to more mission-based lenders to reach communities hardest hit and secured a $20 billion commitment from 13 banks to increase their small business lending over a three-year time frame.
Over the last four years, SBA supported more than $106 billion in lending to more than 193,000 small businesses and entrepreneurs. This includes two record years of delivering over $30 billion annually in loan guarantees. And today we are using our streamlined lending programs and products to get capital to communities that are still struggling and to fill market gaps.
We helped increase American competitiveness through an aggressive push around high growth entrepreneurship. We launched Start-Up America, passed a long-term reauthorization of the Small Business Innovation Research (SBIR) program and completely transformed and streamlined our Small Business Investment Company (SBIC) program. As a result, the SBIC program just had its third consecutive record-breaking year in FY12. Today, the SBA is the place where venture capital firms, start-ups and high growth entrepreneurs turn for proven tools and counseling to scale their operations and reach new markets in the U.S. and abroad.
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.
The SBA is in a strong place. We are mission driven. Under the leadership of our Deputy Administrator Marie Johns, we just signed the first new master agreement with our employees' union in over a decade. We have strong leaders in place across the Agency who are poised to achieve great things.
Small businesses are now ready to go on the offensive. They are ready to expand to new markets, to scale their operations and to hire new workers. And I am confident that the SBA will be a driving force in their success for decades to come.
So on a personal note, let me just say thank you. I came to the SBA and Washington from the private sector and the great state of Maine. And on both a professional and a personal level this has been one of the greatest experiences of my life. And I have each of you to thank for that.
The President entrusted me with this enormous responsibility and I believe with your assistance America's small businesses today are well positioned to do what they do best: grow and create jobs. I will be forever grateful for this opportunity to serve.
Thank you all for your support and for everything that you do to strengthen America's small businesses and entrepreneurs. They are in good hands with the SBA.
SOURCE U.S. Small Business Administration
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Aug. 4, 2015 09:30 AM EDT Reads: 105
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Aug. 4, 2015 08:45 AM EDT Reads: 254
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Aug. 4, 2015 07:00 AM EDT Reads: 222
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Aug. 3, 2015 11:00 PM EDT Reads: 698
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 3, 2015 06:45 PM EDT Reads: 541
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Aug. 3, 2015 04:00 PM EDT Reads: 284
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Aug. 3, 2015 03:45 PM EDT Reads: 101
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
Aug. 3, 2015 03:30 PM EDT
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Aug. 3, 2015 03:15 PM EDT
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Aug. 3, 2015 03:00 PM EDT Reads: 565
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Aug. 3, 2015 12:30 PM EDT Reads: 214
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Aug. 3, 2015 09:45 AM EDT Reads: 374
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Aug. 3, 2015 07:30 AM EDT Reads: 198
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Aug. 2, 2015 06:00 PM EDT Reads: 1,144
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Aug. 2, 2015 04:00 PM EDT Reads: 443