President-elect Donald Trump said Wednesday that he will nominate businesswoman and former Georgia Republican Sen. Kelly Loeffler to be administrator of the Small Business Administration.
Loeffler would be responsible for a federal agency that assists companies with everything from expansion efforts to disaster recovery. She was appointed to the Senate in 2020 and lost her bid to keep the seat later that year.
She was on the Senate Agriculture; Health, Education, Labor and Pensions; Veterans’ Affairs; and Joint Economic committees during her tenure.
“Small Businesses are the backbone of our Great Economy,” Trump said in a statement on the Truth Social platform. “Kelly will bring her experience in business and Washington to reduce red tape, and unleash opportunity for our Small Businesses to grow, innovate, and thrive. She will focus on ensuring that SBA is accountable to Taxpayers by cracking down on waste, fraud, and regulatory overreach.”
Trump praised Loeffler for her business background.
“Prior to her tenure in the U.S. Senate, Kelly built a 25 year career in financial services and technology,” Trump said. “Along with her amazing husband, Jeff, she helped build a Fortune 500 company from 100 employees to over 10,000, as Executive VP.”
Loeffler held marketing and operations roles at Toyota Motor Sales USA before moving into financial services, according to Loeffler’s profile in CQ Politics in America. The publication said she joined the Intercontinental Exchange in 2002, a firm founded by her future husband, Jeff Sprecher, in 2000. The couple married in 2004.
Loeffler, who grew up on a soybean and cattle farm in Illinois, is the director of Public Square, an online marketplace that says it’s for “businesses who respect traditional American values.”
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