We will start with the Small Business Administration Karen G. Mills, the Obama nominated Director of the Small Business Administration, has been a principal in the private equity and venture capital industry since 1983 and has taken a leadership role in the growth of more than 20 companies in the consumer products, food, distribution, textile and industrial component sectors.
Mills was a co-founder and managing director of Solera Capital and Chief Operating Officer of E.S. Jacobs and Company. Mills chairs Governor Baldacci’s Council on Competitiveness and the Economy and is deeply engaged in economic policy for the state of Maine.
In 2006, she led the initiative for a $50 million competitive research and development bond which passed the legislature with strong bipartisan support, and was approved by public referendum. She also sits on the Governor’s Council for the Redevelopment of the Brunswick Naval Air Station, which recently went on the BRAC closure list, and serves on the boards of the Maine Technology Institute and the Maine chapter of the Nature Conservancy. Mills authored a Brookings paper on economic development clusters, and those recommendations were introduced as legislation by Senators Collins and Clinton in June 2008.
She is a member of the Council on Foreign Relations and has been Vice Chairman of the Harvard Overseers. Mills has an A.B. in Economics from Harvard University (1975), and an MBA from Harvard Business School where she was a Baker Scholar.
Her background includes consulting in the U.S. and Europe for McKinsey and Co. and product management for General Foods. Ms. Mills is the lead director of Scotts Miracle-Gro and a director of Arrow Electronics, a $15 billion semiconductor distributor.
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