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Females in franchising may profit during Obama presidency

Yesterday we blogged about how an Obama presidency might affect franchising and small businesspeople. It’s time to get to know a person who will have a large say on this administration’s policy towards franchises and small business: Karen Gordon Mills, the new head of the Small Business Association.

Ms Mills, who is yet to be approved for the position, is a Harvard MBA with Chicago roots and is currently president of the MMT Group, a Maine-based private equity firm. In a recent Businessweek profile, staff writer Jeremy Quittner pointed to Ms Mills’s experience as a co-founder of Solera Capital with two other women partners as a sign that her role with the SBA with will encourage female entrepreneurs.

“I think she will serve very well in regard to women," Maine Governor John Baldacci told Businessweek, which is good news for females considering franchise opportunities at the moment.

Many analysts feel that the SBA floundered during the Bush years, and there is hope that Ms Mills will be able defend the rights of small businesspeople, franchisees, and franchisors as President Obama tries to figure out how to stimulate the economy.

"America's spirit of entrepreneurship is one of our greatest assets, as we compete in the global economy,” Ms Mills said in December.

At least we know her heart is the right place.

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