Gene Sperling Named Chief Economic Advisor

January 7, 2011

President Barack Obama today announced his appointment of Gene Sperling as director of the National Economic Council. During his tenure as the top aid to Treasury Secretary Timothy Geithner, Sperling was instrumental in the passage of various pieces of pro-small-business legislation including initiatives to enhance small-business lending, and the recently-enacted tax deal to extend the current income tax rates and myriad other tax extenders that will help small businesses.

“Mr. Sperling’s keen understanding of the importance of small business to the U.S. economy will be a huge asset as he takes over the administration’s top economic post,” stated NSBA President and CEO Todd McCracken. “He is the right man for the job and I look forward to our continued efforts together to get the economy back on track.”

A frequent guest at NSBA events, Sperling has promoted an open and candid dialogue with small-business owners and was awarded one of NSBA’s Small-Business Star Awards in 2010 for his work on expanding small-business access to credit during the credit crunch the past two years.

Widely seen as the architect of the NSBA-supported Small Business Lending Fund to promote small-business lending through community banks, Mr. Sperling has been an outspoken proponent of small business. His leadership of the National Economic Council is a step forward for small-business issues in the coming months and years.