» 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 This material may not be published, broadcast, rewritten or redistributed.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 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 12 88 4,516
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

Weekly Edition

Issues | About

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