Karen Mills on House Passage of Small Business Jobs Bill

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Includes extension of successful SBA Recovery loan programs, tax credits, other support for small business growth, job creation

WASHINGTON – SBA Administrator Karen Mills today issued the following statement regarding the passage of the Small Business Jobs and Credit Act by the U.S. House of Representatives:

“Today’s vote by the House to send the Small Business Jobs and Credit Act to the President for his signature is a key step forward in making sure small businesses have the resources they need to do what they do best – create jobs and drive economic growth. This bill includes billions in tax cuts specifically targeted to small businesses so they can put more of their own resources into growing their business. At the same time, this bill ensures those very businesses have access to the capital they need by extending SBA’s successful Recovery loan enhancements and putting local, community banks in a position to be a real partner for small businesses and entrepreneurs.
This bill is the right step forward for our nation’s small businesses and our economy.”
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Release Date: September 23, 2010
Contact: Hayley Matz (202) 205-6948
Release Number: 10-51
Internet Address: http://www.sba.gov/news

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