Today’s Business Buzz
Obama’s SBA Pick: Our president-elect is a pretty good basketball player. But some say he clanked his choice for chief of the Small Business Administration. Karen Gordon Mills has spent 25 years in venture capital and now leads MMP Group, a Maine-based private equity firm. Her small-business experience: not so much. This has caused small-business advocates to question her credentials. After all, when is the last time your typical small business — hardware store, coffeehouse, jeweler — got even a sniff from a VC? Hint: never. With the economy melting down and the SBA under fire for indifference, Mills is a mystifying pick.
This is your brain on steroids. It’s time to drop the holiday flab. But what about the muscle upstairs? San Franciscans can head to the Vibrant Brains gym to get their gray matter pumped.
Small-business owners petition for stimulation. Banks got their bailout. Auto industry execs flew to DC in private jets and went home with $17 billion. Now small-business owners you are wondering: where’s ours? Good question. The National Small Business Association estimates companies with fewer than 100 employees have created more than 90 percent of new jobs in the U.S. over the last 20 years. Yet they’ve seen precious little federal stimulus trickle down to them. So the NSBA has decided to do something about it. The association has launched a petition urging Congress to see that “any upcoming economic stimulus bill include an appropriate small-business component.”
How you gonna keep ’em down on the farm? When they’re so good at business. With their population growing and farmland shrinking, more Amish are ditching rural life for a career in small business, the New York Times reports. And despite the fact that most Amish quit school after the 8th grade, they’re doing very well, thank ye.