What Does Trump’s Small Business Administration Appointment Mean for Owners?

Date: December 09, 2016

Related Content: Analysis Economy National

Here’s a look at how the new head of the SBA—and a new EPA appointment—could impact small business.

A former wrestling executive just entered President-elect Donald Trump’s ring. 

This week he tapped Linda McMahon, former World Wrestling Entertainment executive, as leader of the Small Business Administration. 

LEARN HOW DONALD TRUMP’S CABINET WILL IMPACT SMALL BUSINESS. 

After stepping down as WWE’s CEO in 2009, McMahon launched Women’s Leadership LIVE, “which promotes opportunities for women in business and public service,” Yahoo reported. She also ran for a U.S. Senate seat in Connecticut in 2010 and 2012 but was unsuccessful. 

“Linda is going to be a phenomenal leader and champion for small businesses and unleash America’s entrepreneurial spirit all across the country,” Trump said in a statement.

McMahon said, “As an entrepreneur myself, I have shared the experiences of our nation’s small business owners and will do my best to advocate on their behalf. My husband and I built our business from scratch, building it to a publicly traded global enterprise with more than 800 employees.” 

The SBA delivers “millions of loans, loan guarantees, contracts, counseling sessions, and other forms of assistance to small businesses,” according to the administration’s website. 

McMahon is no stranger to NFIB, as Connecticut NFIB members supported her Senate run. 

“Her views with small business aligned very well with our views,” NFIB spokesman Jack Mozloom told The New York Times. “If that indicates what kind of SBA administrator she’ll be, that’ll be good.”

House Small Business Committee Chairman Steve Chabot said he looks “forward to working with her and the new administration to roll back burdensome regulations and increase access to capital for America’s 28 million small businesses.” 

McMahon isn’t the only new addition to Trump’s cabinet. This week he also nominated Oklahoma Attorney General Scott Pruitt to head the EPA, a decision NFIB applauds. 

“Attorney General Pruitt is an excellent choice who will bring some sense to the Environmental Protection Agency,” NFIB President and CEO Juanita Duggan said in a statement. “In Oklahoma, he stood with small businesses to oppose federal regulations that would concentrate power in Washington and slow economic growth. 

“Under President Obama, the EPA tried to go around Congress to expand its regulatory power,” she continued. “NFIB is leading legal challenges against the Clean Power Plan and Waters of the United States rules, both of which are currently under injunction because of bureaucratic overreach. Pruitt filed suits against these same rules. Small business should be able to count on him to keep the EPA within its statutory boundaries.” 

Photo credit: Gage Skidmore

Related: 

What Trump’s Appointments (and Potential Appointments) Mean for Small Business 

Small Business Taxes Under Pres. Trump: What Will the System Look Like?

What Does Donald Trump’s Economic Plan Have in Store for Small Business?

Related Content: Analysis | Economy | National

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