Now That She’s Helped Turn The Entire Fortune 500 Into Small Businesses, SBA Head Says Her Work Here Is Done

Karen Mills

Karen MillsWASHINGTON — Karen Mills announced Monday that she plans to step down as leader of the U.S. Small Business Administration, a position she held since April 2009. Mills, the wife of Bowdoin College President Barry Mills, lives in Brunswick. After a career as a venture capitalist, she won unanimous U.S. Senate approval to serve as the 23rd leader of the U.S. Small Business Administration. President Barack Obama elevated the administrator of the Small Business Administration to a Cabinet level position in January 2012. Mills, a Democrat, is the only person to serve in that role during his presidency and is the only Maine resident to serve in Obama’s Cabinet. She joins a number of Obama’s other first-term appointees who are leaving the administration during the early weeks of the president’s second term. (read more at Bangor Daily News)