Jovita Carranza Nominated to Lead Small Business Administration
Donald Trump announced on Thursday that he would nominate Jovita Carranza as the next Small Business Administrator. She is currently the Treasurer of the U.S. where serves as a principal advisor to Treasury Secretary Steven Mnuchin, oversees the Office of Consumer Policy, and works with the Federal Reserve. She’s not new to the Small Business Administration (SBA) -- Carranza previously served as the Deputy Administrator under President George W. Bush. While there, she managed more than 80 field offices across the country and a portfolio of direct and guaranteed business loans, venture capital investments, and disaster loans worth almost $80 billion. Prior to that, the Chicago native spent more than 20 years at UPS, where she was the highest-ranking Latina in the history of the company. She started as a part-time, night-shift box handler and worked her way up to President of Latin America and Caribbean operations. Carranza earned her MBA from the University of Miami. If confirmed, she will be the only Latina woman in Trump’s Cabinet and the second Latinx -- potentially joining embattled Labor Secretary Alex Acosta. The Beat DC reported last week that some local leaders were pushing SBA Regional Director Ashley Bell for the post. For now, Bell will remain in his position and report to Carranza if she is confirmed by the Senate. More here.