WATCH | President-elect Donald Trump named pro-wrestling boss Linda McMahon as head of the Small Business Administration -- and small business groups say they're on board.
Small businesses are ready for Linda McMahon to throw down. Here's why.
This week, President-elect Donald Trump named the wrestling magnate and erstwhile politician to lead the Small Business Administration.
Given her business background at World Wrestling Entertainment, Inc., fellow entrepreneurs hope she gets their struggles.
For some time, small business groups have had their eye on tax and regulatory reform. The bevy of regulations and the current tax system is a perennial headache for the 28 million small business owners in America.
“They’re very expensive to comply with, they suck up a lot of time and resources, and they really prevent businesses from investing their money in more productive ways and expanding and hiring," Jack Mozloom, communications director for the National Federation of Independent Business, told Circa.
The SBA's main role is to help small businesses get financing. While the administration doesn't determine regulation, it does act as a check on other agencies.
And as SBA chief, McMahon can help advocate for regulatory reform.
That's not to say McMahon's appointment hasn't received criticism.
But at least for the NFIB, they hope McMahon can be an advocate.
“The office of advocacy is a very important voice for small business within the administration, you know, and it’s a way to shed light on some of the regulatory agencies that are running amok," Mozloom said. "And that’s where we hope Linda McMahon focuses.”
McMahon has said job growth lies in backing small businesses. And business owners are now hoping she can deliver.