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Kelly Loeffler confirmed as SBA Administrator
The U.S. Senate confirmed Kelly Loeffler to run the Small Business Administration by a vote of 52-46 on Wednesday, Feb. 19. Spending more than two decades in technology and financial service businesses, Loeffler is a former owner of the WNBA team, the Atlanta Dream and served in the U.S. Senate by appointment from 2019-2021.
SBA provides the policy direction for the SBIR and STTR program run by 11 other federal agencies, the world’s largest source of non-dilutive research funding for small innovation companies. SBIR is housed within the SBA Office of Investment and Innovation, also home to the Small Business Investment Company program and the TBED-popular Regional Innovation Clusters and the recently closed Growth Accelerator Fund Competition.