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Celebrating Small Business Growth and Laying the Groundwork for More

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Celebrating Small Business Growth and Laying the Groundwork for More

By Karen Mills, Former SBA Administrator
Published: February 17, 2011 Updated: May 16, 2011

Over the past two days, we celebrated the success of innovative small businesses that have grown, and we laid the groundwork for even more to follow in their footsteps.

First, on Tuesday, I met with about 50 businesses that have collectively created tens of thousands of good jobs through the Small Business Innovation Research program. Each year, SBIR drives $2.5 billion in federal research and development dollars into the hands of small firms. The goal is to help entrepreneurs develop cutting-edge products and technologies that meet federal research and development needs and can be successful in the marketplace. We gave out the SBIR’s Tibbetts Awards, and we also inducted eight firms, including big names like Qualcomm and Symantec, into the SBIR Hall of Fame because of key SBIR funding in their formative years.

Then, on Wednesday, we rolled out one of the exciting new Startup America initiatives, called the Entrepreneurial Mentor Corps. To build on the excellent job that SBA counselors do to help Main-Street small businesses, we’re aiming to provide targeted and tailored mentoring for high-growth small firms, in particular. Through the initial pilot with the U.S. Department of Energy, four clean-energy “business accelerators” will match about 100 promising entrepreneurs with experienced mentors. The mentors will guide those small firms to the tools, opportunities, and contacts they need to get on the fast track to innovation, job creation and global competitiveness.

As you can tell, these past few weeks have been particularly busy at SBA. Check out our Newsroom and join us on Facebook and Twitter to keep up with what’s going on.

About the Author:

Karen Mills

Former SBA Administrator

Karen Gordon Mills is the Former Administrator of the U.S. Small Business Administration. The SBA helps both Main Street and high-growth small businesses get access to capital, counseling, federal contracts, disaster assistance and more.

Comments:

Excellent news and great to see so much being put into the hands of small businesses.
This is a significant invest to put into helping small businesses thrive and I would be keen to know what the success rate has been. Having said that I'm proud to see such large sums being spent on helping the small business sector.
Yeap, I've heard of Symantec. That's really huge company, so that's a real success for SBA, if you ask me. Keep it up!
Startup America has been the most positive, effective initiative by the SBA in some years, it's definitely got to be included in President Obama's next budget mandate.
I recently came across your blog and have been learning along. I thought I would leave my first remark. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
I generally don’t respond on web pages but you contain a quantity of good quality readable post.

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