With all-rounded support from the Senate, Maria Contreras-Sweet was confirmed Thursday with a voice vote to serve as the new administrator for the U.S. Small Business Administration in Washington.
Its no secret that Latinos have quickly become the driving force behind the U.S. economy, and Obamas appointment of Contreras signals a step in the right direction. She is the founder of ProAmerica Bank, a Los Angeles area bank helping to provide small business loans to entrepreneurs, especially those in the Latino Community.
Her family migrated from Mexico when she was only a child, and her appointment makes her the second Hispanic cabinet member in Obama’s two-term administration.
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“As we work to keep our economy growing, Maria will be charged with looking for more ways to support small businesses,” President Obama said in a statement. “Two years ago I elevated the role of Small Business Administrator to a cabinet-level position to make sure small businesses have the seat at the table they deserve.”
Furthermore, her credentials working in corporate America–as well as accolades that include her being one of the “smartest businesswoman in America“–made her an easy choice to approve in a Congress that is heavily divided along party lines, even though she is a Democrat.
Maria Contreras-Sweet’s confirmation was announced at the United States Hispanic Chamber of Commerce Conference in Washington, further symbolizing the success of this Latina and the importance of Latinos in small businesses.
Maria will provide unparalleled leadership in building the vitality and growth of American small business. NAA is ready to support Maria and the US Small Business Administration as we continue to strengthen our economy to forge a stronger America, The New America Alliance stated in a press release.