Obama Plans To Consolidate the SBA

On Friday President Obama announced a proposal to merge the Small Business Administration with four other agencies.

If congress approves Obama’s plan the SBA will merge with the Office of the U.S. Trade Representative, the Export-Import Bank, the Overseas Private Investment Corporation, and the Trade and Development Agency.  The new agency will replace the Department of Commerce.

Karen Mills, the current head of the SBA, will be made a cabinet member to, “make sure that small business owners have their own seat at the table,” according to Obama.

Many small businesses depend on the support of the SBA, however if congress passes Obama’s plan the agency will be consolidated.  Would you be comfortable with the consolidation of the SBA?

Advertisements

About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on January 16, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: