Dilawar Syed Confirmed as Deputy Administrator of the US Small Business Administration
The US Senate has finally confirmed Dilawar Syed as the Deputy Administrator of the US Small Business Administration (SBA). The vote was 54-42 in Syed’s favor. The position Syed fills has been vacant for almost five years, which has impacted small businesses across the country as they depend on the SBA for the staff required to access capital, contracting opportunities, and business development training.
Syed’s nomination was first put forward by President Biden more than two years ago. The confirmation has faced a process delayed by unacceptable tactics, unfounded allegations, and unrelated controversies. However, support for Syed has been broad, comprising more than 150 organizations, businesses, government, civic, and higher education leaders, and associations.
In his latest role at the US State Department as Special Representative for Business and Trade Affairs, Syed has advocated for trade, trade, and economic policy through trade advocacy. Before that, he was the CEO of Lumiata, a healthcare technology company, and President of Freshworks, which scaled software products to reach thousands of small and medium-sized businesses.
Syed has a long list of accomplishments in civic leadership roles, including serving as Chair of the White House Initiative on Economic Growth for Asian Americans and Pacific Islanders and as Chair of the California Entrepreneurship Task Force under Governor Gavin Newsom’s Office of Economic and Business Development. As Vice-Administrator of the SBA, Syed will help ensure that entrepreneurs have the resources, assistance, and capital they require to thrive.
President Cardin of the Senate Small Business and Entrepreneurship Committee issued a statement saying that he is confident that America’s small businesses and the communities they support will benefit from Syed’s post in the role.
Chairman Cardin spoke of the significance of Syed’s nomination to the Senate, citing the importance of the role and expressing his support of the confirmation. He impressed on the Senate the need for modernization, technical upgrades, new resources, and reforms at the SBA in response to the COVID-19 pandemic. This is a critical time for small businesses to recover from the pandemic while also facing new challenges. With the nomination and approval of Syed, the SBA is well-positioned to navigate through these challenging times.
Additional Piece: The Importance of the SBA and Supporting Small Businesses
The confirmation of Dilawar Syed as Deputy Administrator of the US Small Business Administration is welcome news for small businesses across America. Upon his nomination and successful confirmation, Syed brings a wealth of experience in business, entrepreneurship, and public service to the role. His leadership will be essential in overseeing the SBA’s development to ensure access to capital, resources, and assistance to help small businesses thrive.
The COVID-19 pandemic has caused significant disruption to businesses worldwide, with small businesses being some of the worst impacted. The SBA has played a crucial role in providing support to businesses during this challenging time. Over the past year, the SBA has provided aid to millions of existing small businesses. The Biden-Harris administration is seeing record levels of new business formation, and the SBA must be well-equipped to meet the needs of these new businesses.
Small businesses are essential pillars of the American economy, and it is essential to support them. According to recent statistics, small businesses account for 44% of US economic activity and employ nearly half of the American workforce. When small businesses thrive, it positively impacts the communities they serve, creating jobs and stimulating economic growth.
The SBA has implemented numerous programs to assist small businesses, including the Payroll Protection Program (PPP), the Economic Injury Disaster Loan (EIDL) program, the Shuttered Venue Operators Grant (SVOG) program, and the Restaurant Revitalization Fund (RRF). These programs provide critical support and are essential for small businesses to recover from the pandemic.
The SBA needs to continue to be a driving force in promoting and supporting small businesses, with Dilawar Syed’s nomination as Deputy Administrator set to contribute significantly to the SBA’s success. Syed has demonstrated his leadership skills through his experience in previous roles, including his work as CEO at Lumiata and President of Freshworks where he scaled software products to reach thousands of small and medium-sized businesses.
His extensive experience in civic leadership roles, including serving as Chair of California’s Entrepreneurship Task Force under Governor Gavin Newsom’s Office of Economic and Business Development, and in the Obama administration, where he served as chair of the White House Initiative on Economic Growth for Asian Americans and Pacific Islanders, illustrates that Syed is uniquely positioned to help businesses navigate these challenging times.
The SBA must continue to be well-positioned to meet small businesses’ needs, and Syed’s appointment marks a step in the right direction. With the SBA’s continued focus on modernization, technical upgrades, new resources, and reforms to support small businesses, the Biden-Harris administration has an opportunity to build on its success in stimulating economic growth through entrepreneurship and innovation.
In conclusion, Syed’s appointment and the continued focus on small businesses by the SBA are essential for fostering economic growth and creating jobs in communities across the country. By supporting small businesses, we can build a better America, and the SBA plays a critical role in achieving that goal.
Summary
Dilawar Syed has been confirmed as the Deputy Administrator of the US Small Business Administration with a vote of 54-42. Syed’s appointment follows more than two years of the position being vacant, which has severely impacted small businesses that rely on the SBA for access to capital, contracting opportunities, and business development training. The small-business community broadly supports Syed’s nomination, with over 150 organizations, businesses, government, civic, and higher education leaders, and associations endorsing him. Syed has extensive experience in civic leadership roles, including serving as Chair of California’s Entrepreneurship Task Force and the White House Initiative on Economic Growth.
Small businesses account for 44% of US economic activity and play a vital role in creating jobs. The COVID-19 pandemic has significantly impacted small businesses, and the SBA has played a crucial role in providing support through various programs such as the PPP, SVOG, and RRF. It is essential to continue supporting small businesses, and Syed’s appointment marks a step in the right direction for the SBA. With a strong focus on modernization, reforms, and new resources in response to the pandemic, the SBA will continue to be a driving force in promoting and supporting small businesses.
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WASHINGTON —The Senate today confirmed Dilawar Syed as Deputy Administrator of the US Small Business Administration (SBA) by a vote of 54-42. Senate Small Business and Entrepreneurship Committee Chairman Ben Cardin (D-Md.) issued the following statement:
“Small businesses across the country will benefit from Mr. Syed’s confirmation. The vacancy hurt small business owners across the country who depend on the SBA for all the staff they need to access capital, contracting opportunities, and business development training.” President Cardin said. “While his confirmation has been a process fraught with unacceptable delay tactics, unsubstantiated allegations and unrelated controversies, Mr. Syed has only shown patience and perseverance. I am confident that America’s small businesses and the communities they support will benefit from him in this role. We look forward to working with Deputy Administrator Syed to take advantage of the small business boom seen under the Biden-Harris administration.”
Since he was first nominated for this position, Syed’s nomination has received broad support in the small business community, gaining endorsements from the US Chamber of Commerce, US Black Chambers, National Asian/Pacific Islander Chamber of Commerce and Entrepreneurship, Small Business Roundtable Businesses, Most Small Businesses, and more than 150 civic, government, higher education, and business leaders and organizations.
Yesterday, President Cardin spoke to the full Senate to acknowledge the importance of his confirmation. Below are President Cardin’s comments, which can also be viewed here:
CHAIRMAN CARDIN: I stand today in strong support for the confirmation of Dilawar Syed to fill the long-vacant position of Deputy Administrator of the Small Business Administration (SBA).
After more than two years since President Biden first nominated Mr. Syed, the Senate Committee on Small Business and Entrepreneurship finally reported Mr. Syed’s nomination out of committee earlier this year.
Mr. Syed was nominated to fill a position that has been vacant for almost five years. The vacancy hurt small business owners across the country who depend on the SBA for all the staff they need to access capital, contracting opportunities and business development training.
In a business career that spans more than two decades, Mr. Syed has experience starting companies and advocating for inclusive entrepreneurship at the international, federal, and state levels.
He currently serves as the Special Representative for Business and Trade Affairs at the US Department of State, where he advances trade, trade, and economic policy through trade advocacy. Prior to taking up his position at the State Department, Mr. Syed was CEO of Lumiata, a healthcare technology company, and President of Freshworks, where he helped scale the software company’s products to reach thousands of small and medium businesses.
Mr. Syed has also held various civic positions. In the Obama administration, he served as chair of the White House Initiative on Economic Growth for Asian Americans and Pacific Islanders, and in California, he chaired the California Entrepreneurship Task Force under the Office of Economic and Business Development by Governor Gavin Newsom.
With experience in the Department of State as a Special Representative and leadership roles in business, entrepreneurship and public service, he is very well positioned to help the SBA navigate this critical time facing small businesses across the country.
As our small businesses continue to recover from the pandemic while facing new challenges, it is essential that the SBA is fully equipped to meet your needs.
During the pandemic, the agency provided aid to millions of existing small businesses. Now, record levels of new business are being created under the Biden-Harris administration. The SBA has a unique opportunity to encourage the continuation of this small business boom by ensuring that entrepreneurs have the resources, assistance and capital that will create economic prosperity for communities across the country.
While the SBA has worked tirelessly to provide this assistance, the pandemic exposed a clear need for modernization, technical upgrades, new resources, and reforms at the SBA. That is why we need a Deputy Administrator today more than ever. The skills and qualifications that Mr. Syed possesses are a perfect fit for the needs of the SBA. He is widely supported by dozens of small business organizations that understand the needs of entrepreneurs. You know Mr. Syed as someone who will continue to tirelessly advocate and support our small businesses.
Allowing the deputy administrator position to sit vacant for so long is a great disservice to our nation’s small business owners. His confirmation process has been plagued by unacceptable delay tactics, unfounded accusations, and unrelated controversies. Throughout it all, however, Mr. Syed has only shown patience and perseverance. I am honored to finally be here today to support his nomination for the SBA deputy administrator position. I am confident that America’s small businesses and the communities they support will benefit from him in this role. I urge all my colleagues to support confirming him. This is what our small business community needs. I urge my colleagues to ratify this nomination. With that I give the floor.
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https://www.cardin.senate.gov/press-releases/senate-confirms-dilawar-syed-as-deputy-administrator-for-the-u-s-small-business-administration-sba/
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