FedTracker: Kerry likes Obama's SBA choice

President-elect Barack Obama has chosen a seasoned venture capitalist to head the Small Business Administration. Obama's announcement earlier today drew cheers from Sen. John Kerry (D-Mass.), chairman of the Small Business and Entrepreneurship committee.

Karen Gordon Mills, who also has served as an advisor to Maine Gov. John Baldacci, is Obama's choice.

"A venture capitalist who invests in small businesses, Karen understands the challenges faced by both small business owners and the workers they employ," Obama said in announcing his pick. "With a background in the private sector and experience helping Maine’s governor promote growth across the state, I am confident that Karen will lead an SBA that will not only help small business owners realize their dreams, but help our nation rebuild our economy."

"The President-elect’s selection to lead the SBA demonstrates his commitment to bring Washington in touch with the real needs of Main Street," Kerry said in a written statement. "Karen has been a champion for small business owners in a state economy that depends on small firms. As a successful entrepreneur, Karen understands firsthand what it takes to build and grow a firm."