Paramus Mayor Chris DiPiazza Welcomes SBA Administrator Kelly Loeffler to Local Bakery
the staff of the Ridgewood blog
PARAMUS, NJ — Paramus Mayor Chris DiPiazza had the distinct honor of welcoming White House Cabinet Member and U.S. Small Business Administration (SBA) Administrator Kelly Loeffler to a local Paramus bakery. The visit featured a tour of the facility and an engaging discussion on the primary challenges facing main-street entrepreneurs across New Jersey and the nation.
The visit highlighted the critical role small businesses play in driving economic growth, creating local jobs, and fostering vibrant communities across North Jersey.
The Power of Small Businesses: Driving Job Creation and Resilience
Small businesses serve as the engine of the American economy. According to economic data, small enterprises (companies with 249 or fewer employees) have been responsible for generating 52.8% of all new U.S. jobs from 2021 to 2024.
Key contributions of small businesses include:
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Job Creation: Accounting for more than half of net job creation nationwide in recent years.
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Economic Resilience: Demonstrating adaptability and sustained hiring despite economic headwinds such as inflation.
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Local Community Support: Strengthening regional economies while working alongside organizations like the Jersey City Economic Development Corporation to leverage growth resources and funding.
About SBA Administrator Kelly Loeffler
Serving as the 28th Administrator of the U.S. Small Business Administration, Kelly Loeffler brings three decades of private-sector executive experience, entrepreneurship, and public service to the agency.
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Background & Career: Raised on a family farm in rural Illinois, Loeffler was the first in her family to graduate college. She earned her MBA from DePaul University and became a CFA® charterholder.
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Corporate Leadership: Spent 25 years in financial services and technology, serving as CMO and CCO at Intercontinental Exchange (NYSE: ICE), helping scale the business into a Fortune 500 company and executing major acquisitions including the New York Stock Exchange.
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Innovation & Public Service: Served as the founding CEO of crypto-fintech startup Bakkt (NYSE: BKKT) before her appointment to the U.S. Senate in 2020.
During her visit, Administrator Loeffler reaffirmed her commitment to pro-growth policies, cutting red tape, and advocating for small business owners in Bergen County and across the United States.
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Category Tags: Paramus NJ News, Bergen County Economy, Small Business Administration, Local Government, New Jersey Business Updates
