05/24/2012 11:11 am ET Updated Jul 24, 2012

The New Alliance To Support 'Encore' Entrepreneurs

Think entrepreneurship is only for 20-something billionaire hopefuls?

Karen Mills thinks otherwise.

The chief of the Small Business Administration on Wednesday announced a new partnership between her agency and the AARP to provide counseling and training to individuals over the age of 50 who want to start or grow a small business. Collectively, the organizations plan to provide a helping hand to about 100,000 of what Mills calls “encore entrepreneurs” in the coming year.

“No matter what your age, if you have an idea or a business that’s ready to move to the next level, the SBA wants to make sure you have access to the tools you need to start and grow,” Mills said in prepared remarks, as she outlined the alliance at a conference on small business hosted by The Washington Post.

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