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BUSINESS
February 11, 2013 | By Jim Puzzanghera
WASHINGTON -- Karen Mills, the former venture capitalist who has headed the Small Business Administration for the past four years, is stepping down, the White House said Monday. In a message to the agency's staff, Mills said she would stay until a successor is confirmed by the Senate. "Four years ago, when I arrived at the SBA, America's small businesses and entrepreneurs were struggling in the face of the worst economic environment since the Great Depression - and a banking sector that was frozen," Mills said.
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BUSINESS
March 27, 2014 | By Jim Puzzanghera
WASHINGTON - The Senate confirmed Maria Contreras-Sweet, a former California official who founded a Los Angeles community bank, to head the federal Small Business Administration. Contreras-Sweet was approved Thursday by voice vote to the Cabinet position, which helps small businesses with loans and other assistance. She takes over for Karen Mills, a former venture capitalist who stepped down as the agency's administrator last year. President Obama said Contreras-Sweet "understands what it means to start a small business" and has "a proven track record of helping other small businesses succeed.
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BUSINESS
January 14, 2012 | By Jim Puzzanghera, Los Angeles Times
Small businesses scored a victory when President Obama said the head of the federal agency that provides them with loan guarantees and other assistance would begin attending Cabinet meetings. Karen Mills, who leads the Small Business Administration, "is going to make sure that small-business owners have their own seat at the table in our Cabinet meetings," Obama said Friday. His announcement was welcomed by small business advocates. For more than three years, they had been urging Obama to elevate the SBA administrator to Cabinet rank, the same top status as in the Clinton administration.
BUSINESS
January 15, 2014 | By James Barragan, Marc Lifsher and E. Scott Reckard
President Obama named Los Angeles businesswoman Maria Contreras-Sweet, the founder of a community bank and a former California Cabinet member, as his nominee to head the Small Business Administration. Obama said Contreras-Sweet, who has worked with small businesses in the private sector, understands what small businesses need. "Maria knows how hard it is to get started on a business," Obama said Wednesday. "The grueling hours, the stress, the occasional self-doubt. " "So not only did she start small businesses, but those have also been her customers, and she understands all too often that the lack of access to capital means a lack of opportunity," he said.
BUSINESS
April 12, 1993 | SUSAN CHRISTIAN, Times staff writer
The Small Business Administration's office in Santa Ana helps Orange County small companies compete against large corporations. Last year, the office guaranteed $150 million in loans to companies here. The SBA also counsels entrepreneurs trying to start new businesses and links venture capital investors with small businesses. Steve Waddell, 49, has been the office's district director since 1988.
BUSINESS
March 10, 1989 | JANE W. APPLEGATE, Times Staff Writer
Six Southern Californians have been named national small business advocates in a nationwide competition sponsored by the Small Business Administration. "Advocates of the year are individuals who have used their professional expertise and personal talents to further the understanding and awareness of small business in their community, their state and the U.S.," said Michael Howland, acting regional director for the SBA in San Francisco.
BUSINESS
February 16, 2009 | Cyndia Zwahlen
While politicians in Washington tinkered with the final compromise version of the $787-billion economic stimulus bill Thursday night, Alonso Arellano was working late in his office, putting the final touches on his own economic stimulus package. His bid to boost consumer spending was to launch the next day, when lunch customers at his La Adelita restaurant in Sun Valley could pay just $4.99 for a scaled-down serving of chili rellenos, chicken mole, chili verde, beef stew or other popular dishes.
CALIFORNIA | LOCAL
July 24, 1992 | LAURIE BECKLUND, TIMES STAFF WRITER
A paperwork snafu has delayed by nearly three weeks the start of a city program to give "micro-loans" to riot victims whose loan applications have been rejected by the Small Business Administration, Los Angeles Deputy Mayor Linda Griego said Thursday. Under the program, applicants rejected by the SBA--including some who could not prove losses because paperwork had been burned in the riots--were to be funneled to City Hall, where they could receive loans of up to $75,000 each.
NEWS
October 25, 1989 | From Associated Press
The Senate today overwhelmingly passed a $3.45-billion relief package for earthquake-damaged Northern California which substantially expands aid approved by the House. By a vote of 97 to 1, the Senate approved the plan and sent it back to the House as part of a wide-ranging spending bill that must reach President Bush's desk tonight to keep the federal government from defaulting. Sen. Gordon J. Humphrey (R-N.H.) cast the only negative vote. Not voting were Sens. Edward M. Kennedy (D-Mass.
CALIFORNIA | LOCAL
March 31, 1992 | PAUL LIEBERMAN, TIMES STAFF WRITER
At Teresa Ernest's West Hills home, February's torrential rains left the back wall cracked, the master bedroom flooded and the foundation damaged as well. In Whittier, Henry Eickhoff's property was "a couple of feet under water." And at the La Crescenta house of John Gregory, "we had a landslide," which turned the hillside under the deck into a cliff, the 72-year-old retiree recalled.
BUSINESS
October 11, 2013 | By Hugo Martín
The mild weather and cool temperatures of October make it one of the busiest months for rock climbing guides Seth Zaharias and his wife, Sabra Purdy. This time of year they're usually leading climbers up massive boulders and sheer canyons in Joshua Tree National Park. Then the government shutdown closed national parks Oct. 1. The couple now spend their day writing refund checks to dejected clients. In the first week of the shutdown, Zaharias estimates, he lost $2,500 in revenue.
BUSINESS
July 26, 2013
The gig: As president of the Los Angeles Business Council, Mary Leslie, 53, covers a lot of ground. On any given day, she might be meeting with major contributors to evaluate progress on a grant, driving to the San Fernando Valley to check out a fledgling solar installation company or researching an initiative to stop storm runoff from reaching the ocean. In spare moments, she will plot out the finer details of an upcoming summit, where government representatives, business leaders and academics will convene to solve nagging problems in housing, transportation and jobs.
BUSINESS
July 3, 2013 | By Adolfo Flores
Despite making progress, the federal government fell short of its 2012 small-business contracting goals, according to figures released Tuesday. U.S. agencies awarded 22.25% of federal contracts to small firms, just shy of the goal of 23%, the Small Business Administration said. But it was an increase from 21.65% in 2011. The government did exceed its contract goals for small businesses owned by people of color and disabled veterans. However, it missed its goals for small businesses owned by women and those in historically underserved business zones.
BUSINESS
February 11, 2013 | By Jim Puzzanghera
WASHINGTON -- Karen Mills, the former venture capitalist who has headed the Small Business Administration for the past four years, is stepping down, the White House said Monday. In a message to the agency's staff, Mills said she would stay until a successor is confirmed by the Senate. "Four years ago, when I arrived at the SBA, America's small businesses and entrepreneurs were struggling in the face of the worst economic environment since the Great Depression - and a banking sector that was frozen," Mills said.
BUSINESS
October 11, 2012 | By Dalina Castellanos, Los Angeles Times
Small businesses in the Western region that includes California took out more U.S.-backed loans than ever during the government's last fiscal year, but they didn't spend much of it in a way that generated new jobs, analysts said. The Small Business Administration said companies in the region, which also covers Arizona, Nevada, Hawaii and Guam, borrowed $6.7 billion in loans guaranteed by the agency. Firms in Los Angeles, Ventura and Santa Barbara counties took out loans totaling $1.5 billion, which the SBA called a "robust" amount.
BUSINESS
January 14, 2012 | By Jim Puzzanghera, Los Angeles Times
Small businesses scored a victory when President Obama said the head of the federal agency that provides them with loan guarantees and other assistance would begin attending Cabinet meetings. Karen Mills, who leads the Small Business Administration, "is going to make sure that small-business owners have their own seat at the table in our Cabinet meetings," Obama said Friday. His announcement was welcomed by small business advocates. For more than three years, they had been urging Obama to elevate the SBA administrator to Cabinet rank, the same top status as in the Clinton administration.
BUSINESS
March 27, 2014 | By Jim Puzzanghera
WASHINGTON - The Senate confirmed Maria Contreras-Sweet, a former California official who founded a Los Angeles community bank, to head the federal Small Business Administration. Contreras-Sweet was approved Thursday by voice vote to the Cabinet position, which helps small businesses with loans and other assistance. She takes over for Karen Mills, a former venture capitalist who stepped down as the agency's administrator last year. President Obama said Contreras-Sweet "understands what it means to start a small business" and has "a proven track record of helping other small businesses succeed.
CALIFORNIA | LOCAL
September 19, 1992 | CARLA RIVERA, TIMES STAFF WRITER
As a boy growing up in Los Angeles 30 years ago, Oscar Wright was deeply affected by the changing nature of his South-Central neighborhood. Once a thriving community that supported small, family-owned businesses, the area began to decline as poverty, crime and drugs gained a foothold. Today, many of the stores that Wright and his family patronized are boarded up, defaced with graffiti and the unsubtle artwork of gang members.
BUSINESS
February 12, 2011 | By Sharon Bernstein, Los Angeles Times
A new federal loan program signed into law five months ago to help small businesses refinance the mortgages on their buildings could help save thousands of firms. If only the program could get started. Businesses can't apply for the loans or even determine if they qualify for them until the Small Business Administration releases rules for the program. The wait is not only problematic for stressed businesses, it's also eating up time. As passed by Congress, the program runs for two years ?
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