WASHINGTON, D.C. –U.S. Senator Angus S. King, Jr. (I-Maine) released the following statement today regarding Karen Mills’ announcement that she will be stepping down as Administrator of the Small Business Administration (SBA):

“I have had the privilege of knowing Karen both personally and professionally for many years now, and while I am certainly saddened to learn that she will be leaving the Small Business Administration, I know that America’s small businesses, and our economy as a whole, are better for her exemplary service. As head of the SBA for the past four years, and as a member of the President’s cabinet, she has been a tireless champion and a vigorous advocate for our nation’s entrepreneurs and the small businesses they lead.  Not only has she successfully worked to improve lending and increase capital for startups, but she’s also streamlined application processes and enhanced programs to make them more effective and friendly tools for small businesses. Undoubtedly, her work has been invaluable in strengthening the backbone of our economy – our small businesses – and I both commend and thank her for it.”

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