With the change in Administration, The U.S. Small Business Administration (SBA) has named Herbert Austin, Dallas/Fort Worth District Director as the acting Regional Administrator for the South Central Region which serves 3.3 million small businesses in Arkansas, Louisiana, New Mexico, Oklahoma and Texas. In addition to his regional administrator duties, Austin will continue to serve as the SBA's DFW District director, a position he has held since 2008. Mr. Austin is taking over from past director, Yolanda Garcia Olivarez.
As the acting regional administrator, Austin will lead 10 district offices in the delivery of SBA’s financial, entrepreneurial development, government contracting and international export services. He will also oversee a network of small business counselors assigned to Small Business Development Centers, SCORE Offices, Women’s Business Centers and Veteran Business Outreach Centers throughout the South Central Region.
During the first quarter of fiscal 2017, SBA approved 1,576 loans for $874 million throughout the Region, an increase of seven percent in dollars compared to the first quarter of fiscal 2016. The Region shows the largest increase this quarter in the number loans to small businesses involved in exporting, with a 155 percent increase in the number of loans and a 234 percent increase in dollars, over the same period a year ago.
Congratulations to Mr. Austin! We wish him continued success and are proud to have a Dallas/Ft. Worth Administrator appointed to the prestigious role.