US - Obama appoints VC to head Small Business Administration

As president of private equity firm MMP Group and founder and managing director of New York-based venture capital firm Solera Capital, Mills is well positioned to assist small business in creating jobs and overcoming challenges. "I am confident that Karen will lead an SBA that will not only help small business owners realize their dreams, but help our nation rebuild our economy," Obama said in a statement.

The key take-away in the Mills announcement is the fact that Obama made it early in his transition, showing that the SBA's work will be a priority in the new administration.

A lesser known fact from Mill's biography is that her parents, Melvin and Ellen Gordon, are husband-and-wife team that controls and runs Chicago-based Tootsie Roll Industries, an American candy classic.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• UK / Ireland