SBA Hot Topic Tuesday – Senate Nomination Hearing for New SBA Administrator

December 10, 2019

By Caity Witucki
Contributing Editor, SBA Hot Topic Tuesday

SBA Hot Topic Tuesday – Senate Nomination Hearing for New SBA Administrator

On December 11, 2019, at 2:30 PM EST, The Senate Committee on Small Business and Entrepreneurship will hold a nomination hearing for Jovita Carranza. A livestream will be available on the Committee’s website for anyone who wishes to watch the hearing.

On August 1, 2019, President Donald Trump formally nominated U.S. Treasurer, Jovita Carranza to lead the Small Business Administration. “She will be replacing Linda McMahon, who has done an outstanding job. Jovita was a great Treasurer of the United States – and I look forward to her joining my Cabinet!” Trump tweeted.

As Treasurer, Carranza’s focus has been on increasing participation in the U.S. economy by fostering financial capability and sustainability. Carranza also oversees the Bureau of Engraving, the U.S. Mint, and the Office of Consumer Policy.

From 2006 to 2009, Carranza served as the Deputy Administrator for the SBA under President George W. Bush. As Deputy Administrator, Carranza oversaw 80+ SBA field offices and the various business loans, investments, and disaster aid packages available to small businesses through the SBA.

Prior to her SBA appointment, Carranza founded the supply-chain management company JCR Group and had a distinguished 20+ year career at United Parcel Service (UPS), where she was the highest-ranking Latina in the history of the company.

Treasurer Carranza’s prior philanthropic activities include serving on several boards and councils including: the American Cancer Society Corporate Advisory Board; Illinois Enterprise Zone Advisory Board; U.S. Global Leadership Council; U.S. Small Business Administration—Service Corps of Retired Executives (SCORE); and as a Trustee Chair at the School of Business Council at Alverno College.

She has also achieved numerous high honors, including: Hispanic Business Magazine’s Woman of the Year in 2004; the Albert Schweitzer Leadership Award, and recognition for her contributions to the Hispanic community and national public service by The Latino Coalition Leadership.

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

Sources:
Senate Committee on Small Business and Entrepreneurship
U.S. Department of Treasury
The Latino Coalition