Maria Contreras Would Become Second Hispanic In Obama Cabinet

By admin January 15, 2014 17:20
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Maria Contreras SweetPresident Barack Obama intends to nominate Maria Contreras-Sweet, the founder of a Latino-owned community bank in Los Angeles and a former California cabinet secretary, to direct the Small Business Administration, according to a White House official.

Obama will announce Contreras-Sweet’s selection at an event Wednesday, the official said. The official was not authorized to discuss the nomination by name ahead of the announcement.

Contreras-Sweet, who was born in Guadalajara, Mexico, has a history of working with small businesses and has been an advocate for Hispanics. As California’s secretary of the state’s Business, Transportation and Housing Agency from 1999 to 2003, she was the first Latina to serve as a cabinet secretary in the state and oversaw 40,000 state employees and a $12 billion budget.

In 2006, she founded ProAmérica Bank, a financial institution that aimed to assist small and mid-size businesses. Before that, she was president and co-founder of a private equity firm that provided capital to small California businesses.

To read the full story, please visit http://latino.foxnews.com/latino/politics/2014/01/15/entrepreneur-nominated-to-direct-small-business-administration-would-become/

 

By admin January 15, 2014 17:20

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