Greenwich's Linda McMahon Resigns As SBA Head, Effective April 12

GREENWICH, CT — Linda McMahon, one of President Donald Trump's first Cabinet appointees, reportedly will resign as head of the federal Small Business Administration, effective April 12, she announced on Friday. Earlier in the day Politico reported the news.

The future plans of the Greenwich resident, and former CEO of World Wrestling Entertainment, are not entirely known, but Politico and others said she will return to the private sector and possibly raise money for Trump's upcoming re-election effort.

McMahon released the following statement Friday thanking Trump for the opportunity:

"Two years ago, President Trump entrusted me with the privilege of leading the SBA. The opportunity to lead the agency in supporting America’s small businesses has been immensely rewarding. I've also had the opportunity to witness firsthand the transformative impact the President’s growth policies are having on communities across this country: small businesses are reporting some of the highest levels of optimism on record; they are gaining access to new global markets; they are expanding access to affordable health care; and they are investing in their companies and their employees – raising wages, providing bonuses and benefits, and creating more jobs.

"I'm very proud of the work this agency has done to improve the way we connect small businesses to capital, counseling and government contracts. The focus that we have put on supporting women entrepreneurship, veteran businesses and rural development has been particularly rewarding for me. I am especially proud of the agency’s unprecedented disaster recovery efforts in 2017, in the aftermath of three of the costliest hurricanes on record. After Harvey, Irma and Maria hit, SBA’s dedicated professional staff worked around the clock to approve more than $7 billion in low-interest loans to help small businesses and displaced residents recover from the disasters and rebuild their homes and livelihoods. That experience and the life-changing impact this agency had on so many Americans is something I will never forget.

"While it has truly been the honor of a lifetime to serve our country in this Administration, it is time for me to step down and return to the private sector. I am resigning my position at SBA effective April 12. I wish to thank the President and I will continue to be a strong advocate for him and his policies."

Maggie Haberman of The New York Times posted on her Twitter page that McMahon is expected to join a super PAC, where she can put her fundraising prowess to work.

CNBC reports that McMahon is joining the America First, a pro-Trump super political action committee, as Chair.

McMahon has held the position since the earliest days of the Trump Administration in 2017, and her tenure as head of the SBA has been remarkably trouble-free when compared to several other Trump appointees and Cabinet members.

Click here to read the full story on Politico, and click here to read it on CNBC.