January 13, 2020
By Mary Miller
Contributing Editor, Main Street Monday
Main Street Monday – New SBA Director Carranza’s Vision for Small Businesses
Jovita Carranza was officially appointed as the SBA Administrator last Tuesday. In her testimony before the Senate Committee on Small Business and Entrepreneurship in December, Carranza shared her goals and future vision for how the SBA can stimulate the development and growth of U.S. small businesses on Main Street.
Now that Carranza has been appointed SBA Administrator, she plans to focus on providing entrepreneurs in disadvantaged communities with more access to SBA-related resources. She hopes to strongly focus on helping African American entrepreneurs, Latino small business owners, and veteran-owned start-ups. Carranza stated, “By better connecting these small businesses with SBA support services, we can help even more underrepresented entrepreneurs overcome barriers to financial capital and gain access to lucrative government contracts.”
Along with focusing on African American, Latino and veteran businesses, another strong vision for Carranza is to provide more assistance to women-owned businesses. “Women entrepreneurship is on the rise, but we can do more to ensure they have access to relevant resources and professional support so that they can scale and take their businesses to the next level,” said Carranza.
Lastly, Carranza will also focus on providing strong support for disaster relief efforts. “We don’t know when catastrophe will strike, but when it does, it’s important that the SBA disaster loan process is operating at peak efficiency. That includes not only meeting the needs of affected businesses in a timely manner but also ensuring inter-agency coordination and cooperation. When small businesses are out of commission, it negatively impacts not only the local economy but also the regional and national economy.”
As the new SBA Administrator, Carranza will oversee programs for the more than 30 million small businesses across the United States and assist in helping more Main Street entrepreneurs gain access to SBA funding.
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