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Jovita Carranza Begins as SBA’s 26th Administrator

Pledges to Create More Opportunities for Women, Underserved, and Veteran Entrepreneurs
Release Date: 
Tuesday, January 14, 2020
Release Number: 
11420
Advisory Date: 
Tuesday, January 14, 2020
Contact: 
SBA Great Lakes Region Public Affairs

WASHINGTON – Today Jovita Carranza began serving as the 26th Administrator of the U.S. Small Business Administration. The President nominated Administrator Carranza to lead the SBA while she was serving as the 44th Treasurer of the United States and the U.S. House of Representatives and U.S. Senate confirmed her with overwhelmingly bipartisan support on December 19, 2019, and January 7, 2020, respectively. Administrator Carranza, an Illinois native, becomes the highest-ranking Latina in the federal government wJovita Carranza Takes the oath of office January 14, 2020 as SBA Administratorith this Cabinet-level position.

“I want to thank the President for his confidence in me to be an advocate in the Cabinet for our country’s 30 million small businesses, and I want to express my sincere gratitude to the U.S. Senate for confirming me in a bipartisan fashion,” Administrator Carranza said. “I look forward to helping elevate female entrepreneurs and our military veterans, expanding access to SBA resources among entrepreneurs in disadvantaged communities, and continuing to prioritize disaster relief.”

“I would like to thank former Administrator Linda McMahon for her leadership at the SBA, and the dedicated professionals at the Agency during this transition,” she continued.

SBA Administrator Carranza will lead more than 2,000 full-time employees at the only federal agency exclusively dedicated to assisting small business owners and entrepreneurs in starting, growing, and expanding their businesses. She also will oversee SBA’s disaster recovery efforts, which provides low-interest loans to help survivors return to normal after a catastrophe strikes. In her Senate Small Business Committee testimony, Administrator Carranza discussed her hands-on experience in the private sector, public service and the life-changing potential of entrepreneurship. She further stated her priority will be to open more doors for historically underrepresented entrepreneurs. She also plans to prioritize disaster preparedness and cybersecurity.

“Jovita Carranza’s confirmation as SBA’s Administrator reinforces President Trump’s commitment to the country’s economic prosperity and the American Dream. Her federal experience and first-hand knowledge of the challenges entrepreneurs face will highly benefit our nation’s small business owners. Administrator Carranza’s roots here in the Great Lakes region and her grit, determination and tenacity are an ideal leadership foundation from which to support America’s job creators and innovators,” said SBA’s Great Lakes Regional Administrator Rob Scott, who oversees the federal agency’s operations in Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin.

Carranza’s federal government work includes her previous position as the Treasurer of the United States, as well as serving as SBA’s Deputy Administrator from 2006-2009 during former President George W. Bush’s administration. Before her work at the SBA, Carranza had a distinguished 30+ year career with United Parcel Service, where she broke barriers as the highest-ranking Latina in the company’s history after starting as an hourly dock worker. Following her UPS career and initial SBA service, she founded her own consulting firm, JCR Group, which focused on business development and optimization.

Administrator Carranza earned her MBA from the University of Miami in Coral Gables, Fla., and received executive, governance, management and financial training at the INSEAD Business School in Paris, France; Michigan State University; and the University of Chicago.

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About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. It delivers services to people through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.