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VOL. 38 | NO. 13 | Friday, March 28, 2014
Senate OKs Obama pick for small business agency
WASHINGTON (AP) — The Senate has easily approved President Barack Obama's choice of a woman who founded a Latino-owned bank in Los Angeles to head the Small Business Administration.
Senators voted by voice Thursday to confirm Maria Contreras-Sweet.
The Mexican-born Contreras-Sweet immigrated to the U.S. when she was five years old. She helped found a private equity firm that provided money to small California businesses and later helped start ProAmerica Bank, which helped small and medium-sized businesses. She also was secretary of California's Business, Transportation and Housing Agency.
When Obama nominated her in January, he hailed her as a champion of businesses owned by women and families.
Contreras-Sweet fills a vacancy created when the Small Business Administration's last administrator, Karen Mills, left in August.