One of the most important tools we have at the Small Business Administration (SBA) to reach high growth entrepreneurs is the Small Business Investment Company (SBIC) program.
Sentiment: POSITIVE
The SBA should be redirected to focus on its core missions of capital access, contracting, and counseling, while reducing duplication, overlap, and wasteful spending. Doing so will greatly improve its ability to better advocate for small businesses.
I want to take a close look at the SBA to see what works, what doesn't, what is duplicative, and what isn't even being utilized. We'll focus on what they do well and strengthen those areas.
I worry about whether SBA programs are still doing what they are meant to do - support lenders who fund good business startups and good expansion plans.
There are a lot of studies about small businesses and how they make a difference in their community and create a lot of jobs and values. So we need to focus on small businesses or entrepreneurs who want to start manufacturing or making things.
The Small Business Administration was fundamental in helping our company. There's great initiative from the government if you know the right places to look.
It's really important that we have an ecosystem where small innovative entrepreneurs can develop new products and access consumers and have a chance to succeed.
Small opportunities are often the beginning of great enterprises.
We've had this program for a number of years now, called 10,000 Small Businesses, where Goldman Sachs has convened a group of partners to basically give business education to small business owners.
Small business is America's engine of job creation.
I have no preconceived notions of what SBA programs work or not.