» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 129 | NO. 11 | Thursday, January 16, 2014

Obama Nominates California Businesswoman to Lead SBA

JIM KUHNHENN | Associated Press

Print | Front Page | Email this story | Comments ()

WASHINGTON (AP) – President Barack Obama says his pick to head the Small Business Administration understands what small businesses need and how they can lift up the nation's economy.

Obama is nominating Maria Contreras-Sweet to head the agency. Contreras-Sweet has a history of working with small businesses as the founder of a Latino-owned community bank and a former California cabinet secretary. She's also been an advocate for Hispanics.

Obama said Wednesday that Contreras-Sweet knows how hard it is to start a business. He says she also understands that a lack of access to capital often means a lack of opportunity for Americans.

He's casting the SBA's role as part of his broader effort to fight income inequality.

If confirmed, Contreras-Sweet would become the second Hispanic in Obama's second-term Cabinet.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 98 400 5,162
MORTGAGES 129 530 7,170
FORECLOSURE NOTICES 24 117 1,592
BUILDING PERMITS 0 774 12,068
BANKRUPTCIES 65 309 4,834
BUSINESS LICENSES 27 142 2,125
UTILITY CONNECTIONS 65 373 6,624
MARRIAGE LICENSES 21 117 1,490

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.