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Difference between revisions of "U.S. Small Business Administration"

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(Mission)
(Structure)
 
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|name = Small Business Administration
 
|name = Small Business Administration
 
|image = US-SmallBusinessAdmin-Seal.svg
 
|image = US-SmallBusinessAdmin-Seal.svg
|director = Marianne O’Brien Markowitz (Acting)
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|director =  
|deputy director = Vacant
+
|administrator = [[Maria Contreras-Sweet]]
 +
|deputy director =  
 
|chairperson =  
 
|chairperson =  
 
|budget = $810 million (2014)
 
|budget = $810 million (2014)
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|year = 1953
 
|year = 1953
 
|website = http://www.sba.gov/
 
|website = http://www.sba.gov/
}}{{tnr}}The '''Small Business Administration''' (SBA) is a United States agency formed in 1953 "to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation."<ref name="SBAmission">[http://www.sba.gov/about-sba/what_we_do/mission ''SBA.gov'', "Mission Statement," accessed March 24, 2014]</ref> The current Acting Director of the SBA is Marianne O’Brien Markowitz. [[Maria Contreras-Sweet]] was nominated to the position by President [[Barack Obama]] on January 15, 2014.<ref name="presremarks">[http://www.whitehouse.gov/the-press-office/2014/01/15/remarks-president-nominating-maria-contreras-sweet-administrator-sba ''The White House'', "Remarks by the President in Nominating Maria Contreras-Sweet as Administrator of the SBA," January 15, 2014]</ref>
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}}{{tnr}}The '''Small Business Administration''' (SBA) is a United States agency formed in 1953 "to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation."<ref name="SBAmission">[http://www.sba.gov/about-sba/what_we_do/mission ''SBA.gov'', "Mission Statement," accessed March 24, 2014]</ref> [[Maria Contreras-Sweet]] was [[Appointment confirmation process|confirmed]] to be the administrator on March 27, 2014.<ref name="confirmation">[http://www.latimes.com/business/la-fi-sba-confirmation-20140328,0,5649959.story#axzz2xYSxNzTn ''L.A. Times'', "Maria Contreras-Sweet confirmed as SBA chief," March 27, 2014]</ref>
  
 
The SBA employed 3,268 people in 2013.<ref name="budget">[http://www.sba.gov/about-sba/sba_performance/performance_budget/congressional_budget_justification/annual_performance_reports ''SBA.gov'', "Performance and Budget," accessed March 24, 2014]</ref> In January 2012, President [[Barack Obama|Obama]] elevated the Administrator of the SBA to a cabinet-level position in his administration.<ref>[http://online.wsj.com/news/articles/SB10001424052970204542404577158552529949064?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052970204542404577158552529949064.html ''Wall Street Journal'', "Obama to elevate SBA chief," January 13, 2013]</ref>
 
The SBA employed 3,268 people in 2013.<ref name="budget">[http://www.sba.gov/about-sba/sba_performance/performance_budget/congressional_budget_justification/annual_performance_reports ''SBA.gov'', "Performance and Budget," accessed March 24, 2014]</ref> In January 2012, President [[Barack Obama|Obama]] elevated the Administrator of the SBA to a cabinet-level position in his administration.<ref>[http://online.wsj.com/news/articles/SB10001424052970204542404577158552529949064?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052970204542404577158552529949064.html ''Wall Street Journal'', "Obama to elevate SBA chief," January 13, 2013]</ref>
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The official SBA mission statement is as follows:
 
The official SBA mission statement is as follows:
 
{{Quote|to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.|author=''SBA.gov''|source=<ref name="SBAmission"/>}}
 
{{Quote|to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.|author=''SBA.gov''|source=<ref name="SBAmission"/>}}
 
 
===Leadership===
 
===Leadership===
Marianne O’Brien Markowitz is currently the Acting Administrator of the SBA. [[Maria Contreras-Sweet]] was nominated to the position of Administrator on January 15, 2014, but has not been confirmed by the [[United States Senate]].
+
[[Maria Contreras-Sweet]] is the current administrator of the SBA.<ref name="confirmation"/>
 
{{SBAAdminhistoricallist}}
 
{{SBAAdminhistoricallist}}
  

Latest revision as of 14:59, 2 May 2014

Small Business Administration
US-SmallBusinessAdmin-Seal.svg
Administrator:Maria Contreras-Sweet
Annual budget:$810 million (2014)
Total employed:3,268 (2013)
Year created:1953
Official website:Office website
The Small Business Administration (SBA) is a United States agency formed in 1953 "to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation."[1] Maria Contreras-Sweet was confirmed to be the administrator on March 27, 2014.[2]

The SBA employed 3,268 people in 2013.[3] In January 2012, President Obama elevated the Administrator of the SBA to a cabinet-level position in his administration.[4]

History

President Herbert Hoover started the Reconstruction Finance Corporation (RFC) during the Great Depression as a lending program for businesses. Franklin D. Roosevelt expanded the RFC after World War II when the Smaller War Plants Corporation (SWPC) was dissolved and its power to award loans to small companies in order to acquire government defense contracts was given to the RFC. After a similar agency to the SWCP was dissolved following the Korean War, there was a push to abolish the RFC. At that point, President Dwight Eisenhower proposed the creation of the Small Business Administration to advise and provide loans to small businesses. Congress signed the Small Business Act into law in 1953 forming the SBA. By 1954, the SBA began making loans to small businesses. In 1958, the Small Business Investment Company Program (SBIC) was formed in order to provide investments and equity to high-risk small businesses. The Equal Opportunity Loan Program (EOL) was formed in 1964, easing regulations on credit and collateral for business loans made to those below the poverty line.[5]

Structure

Mission

The official SBA mission statement is as follows:

to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.[6]

SBA.gov, [1]

Leadership

Maria Contreras-Sweet is the current administrator of the SBA.[2]

Note: Votes marked "N/A" represent voice votes or unrecorded votes. Missing votes will be filled as they are researched.

Analysis

Budget

Obama administration

Small Business Administration[3] Annual Budget
YearBudget (in billions)% Difference from previous year
2014$0.8-20%
2013$1.011.11%
2012$0.928.57%
2011$0.7-12.5%
2010$0.833.33%
2009$0.6N/A

Recent news

This section displays the most recent stories in a Google news search for the term Small + Business + Administration

All stories may not be relevant to this page due to the nature of the search engine.

SBA News Feed

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See also

External links

References