Trump's
announcement said McMahon would be a key player in his effort to
generate stronger job growth and roll back federal regulations.
McMahon, 68, is a co-founder and former CEO of the professional
wrestling franchise WWE, which is based in Stamford,
Connecticut. She ran unsuccessfully for a U.S. Senate seat in
Connecticut in 2010. She was an early supporter of Trump's
presidential campaign.
The SBA, which has at least one office in every U.S. state,
provides support to small businesses such as by extending loans
and making sure they get a percentage of federal contracts.
Trump said McMahon had helped the WWE grow from a 13-person
operation to a publicly traded global enterprise with more than
800 employees worldwide. Trump is a WWE Hall of Fame member.
If confirmed by the Senate, McMahon would join a Trump economic
team that includes Wall Street executives Steven Mnuchin at the
Treasury Department and Wilbur Ross at Commerce.
"Linda has a tremendous background and is widely recognized as
one of the country’s top female executives advising businesses
around the globe," Trump said in the announcement.
McMahon said her goal as the SBA chief would be to promote small
businesses and help them grow and thrive.
“Our small businesses are the largest source of job creation in
our country,” she said.
(Reporting by Steve Holland; Editing by James Dalgleish)
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