The National Restaurant Association has expressed its support for President Donald Trump's recent nominations for leadership positions within the Small Business Administration (SBA). The association emphasized the importance of SBA's role in aiding restaurant and foodservice industry operators, most of whom are small business owners. These businesses collectively contribute $1.4 trillion to the U.S. economy.
Michelle Korsmo, President and CEO of the National Restaurant Association, stated, "The National Restaurant Association supports the quick confirmation of Sen. Kelly Loeffler and Bill Briggs to lead the Small Business Administration." She highlighted the necessity of strong SBA leadership to foster policies that promote economic stability and job creation.
Senator Kelly Loeffler has been nominated as Administrator of the SBA. According to Korsmo, "Sen. Loeffler has extensive experience in business and public sector service, which gives us confidence she understands the challenges that small business owners face and how to stimulate economic expansion." The association appreciates past collaborations with Loeffler on initiatives such as the Paycheck Protection Program (PPP) during the COVID-19 pandemic.
Bill Briggs is nominated for Deputy Administrator of the SBA. Korsmo noted his significant contributions following Congress's passage of PPP, stating, "Mr. Briggs played a pivotal role in implementing the large-scale initiative... His expertise and effort helped restaurants and small businesses across the country survive."
The association believes both nominees will be effective partners for small businesses under SBA's guidance.