Over the past few months, a debate has been brewing amid economists, policymakers and business leaders over which distinct class of entrepreneurs holds the key to job creation and our eventual economic recovery. Some say the interests of traditional small business owners should be paramount, while others argue on behalf of the founders of young, high-growth start-ups.

On Wednesday, Karen Mills, head of the Small Business Administration, shared her stance with us during an exclusive interview on the campus of George Washington University. Mills explained how her agency, long known as a champion of mom-and-pop businesses, has started committing more attention and resources to address the distinct needs of young, high-growth companies, both through the Small Business Investment Company and the Startup America Partnership.

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