‘It’s such a brave act to jump into small-business ownership’—what the new SBA administrator is doing for older entrepreneurs

There’s nothing small about the U.S. Small Business Administration. Isabella Casillas Guzman, who was sworn in March 17 as its 27th administrator and the first Latina in that role, gets it.

“I want all small businesses to feel like the giants that they are in our economy,” Guzman told me when I interviewed her last week. “In order to do that, we need to be as entrepreneurial as the small businesses we serve.”

There are more than 30 million of them. Small businesses account for 44% of U.S. gross domestic product, create two-thirds of net new jobs and employ nearly half of America’s workers. 

The big focuses for SBA administrator Guzman

After speaking to Guzman about her plans for older entrepreneurs and minority entrepreneurs, I was guardedly optimistic.

Mostly, that’s because she stressed the importance of making it easier for people to navigate the often Byzantine resources provided by the SBA and conceded that was a troubling…

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