NCBA CLUSA congratulates Administrator Guzman on her bipartisan confirmation to lead the U.S. Small Business Administration (SBA). Her confirmation comes at a critical time when America’s small businesses, including thousands of cooperatives across the country, continue to face hardship resulting from the COVID-19 crisis.
The cooperative community especially appreciates Administrator Guzman’s previous comments about the importance of succession planning and the role for legacy business initiatives to transition ownership to workers.
NCBA CLUSA is eager to work with the Administrator on business conversions to cooperatives as well as greater support for start-up cooperatives through financing and technical assistance to preserve and grow these small businesses across the country.
“We look forward to working with Administrator Guzman as we continue to support co-ops through the crisis and are eager to work with SBA to ensure co-ops can access financing tools to build a more resilient and sustainable small business economy,” said Doug O’Brien, president and CEO of NCBA CLUSA.
“Co-ops are an especially important tool to create economic opportunity among socially and economically disadvantaged groups. The pandemic has shone a bright light on the pervasive inequities across our country, and it is imperative that SBA establish a level playing field.”
The pandemic has shone a bright light on the pervasive inequities across our country, and it is imperative that SBA establish a level playing field.