WASHINGTON — President-elect Barack Obama has nominated Karen Gordon Mills as the next administrator of the Small Business Administration.
Mills, a founding partner of Solera Capital, an equity firm, is a Maine native who has served as an advisor to Maine Gov. John Baldacci on economic matters.
SBA Acting Administrator Sandy Baruah counts Mills among his friends and colleagues and praised Obama's selection.
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"Karen Mills has been a friend and professional partner over the years in both my roles as the assistant secretary of commerce and the head of the SBA," Baruah said. "She is ideally suited to lead the agency."
Baruah said Mills' background in management, venture capital, and public policy are three elements key to leading the agency successfully.
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