SENATE APPOINTS JOVITA CARRANZA AS

NEW ADMINISTRATOR OF SMALL BUSINESS ADMINISTRATION

The Senate appointed Jovita Carranza as the new administrator of the Small Business Administration. “Having an advocate in the administration such as Ms. Carranza will greatly help accelerate more participation among millions of Latinos, which will continue boosting our contributions to the nation’s economy.” (LULAC)

Carranza was the youngest of three children born to Mexican immigrant parents in a working-class family in Chicago. Her father held a factory job while her mother cared for the children and household. Carranza held two jobs even as she raised her child alone, while also attending college.

Carranza’s career includes having served as United States Treasurer and as the principal advisor to Treasury Secretary Mnuchin, where she was responsible for overseeing the federal department’s Office of Consumer Policy. She also worked as Deputy Administrator of SBA under President George W. Bush from 2006-2009, overseeing more than 80 field offices and a portfolio of loans of $80 billion