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SBA Chief Karen Mills Resignation

Karen Mills, head of the U.S. Small Business Administration, announced her resignation today. As one of numerous appointees who are leaving in  President Obama’s second term, her departure was not a surprise and in some ways was to be expected.

Mills, a former venture capitalist, was unanimously confirmed as SBA head by the U.S. Senate back in early 2009.  In a prepared statement she noted, “I will stay on until my successor is confirmed to ensure a smooth and seamless transition.”

Mills’ position of SBA Administrator was elevated to a Cabinet level position in January of 2012. At the time, we praised that position being elevated and the elevation was generally approved by the small business community.

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