Bill Clinton photo

Nomination for the Small Business Administration

September 23, 1994

The President today announced his intention to nominate Philip Lader as Administrator of the Small Business Administration. He also announced that he would make the SBA Administrator a member of his Cabinet, effective when Mr. Lader takes office. The SBA Administrator is also a member of the National Economic Council.

"Phil is a great manager and motivator, and he knows business," the President said. "His extensive private sector experience as well as his work at OMB and in the White House make him an ideal candidate to head the SBA. Erskine Bowles turned SBA around after years of neglect. Phil is going to make it even better."

"I think it's well known how much I respect Phil Lader. My selection of Erskine Bowles and now Phil Lader for this job reflects my firm commitment to a strong SBA. This appointment and the elevation of the SBA Administrator to Cabinet status reflect my equally firm commitment to address the interests and concerns of our Nation's small business community."

NOTE: A biography of the nominee was made available by the Office of the Press Secretary.

William J. Clinton, Nomination for the Small Business Administration Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/217704