Texas Business Lawyer

Steven C.  Preston has moved on from the Small Business Association to become the Secretary of Housing and Urban Development. He is credited with the overhaul of the agency’s loan disaster program which was crushed from aftermath of Hurricane Katrina. His departure is unfortunate as while significant improvements have been made under his watch, there are still many problems. This is especially worrisome given the weakening economy.

It is predicted that a replacement will not be found for at least a year. Cuts by the Bush administration and strain from the hurricanes have taken a huge toll. The SBA’s budget was $482 million this year which is half of what it was in 2001.

For legal assistance with your small business, please contact the Austin business lawyers of Slater & Kennon, L.L.P. -today at 512-472-2431.