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LULAC Congratulates Jovita Carranza As New Administrator Of Small Business Administration

LULAC Congratulates Jovita Carranza As New Administrator Of Small Business Administration

Washington, DC – Sindy Benavides, National Chief Executive Officer of the League of United Latin American Citizens (LULAC), issued the following statement today on the appointment of Jovita Carranza as the 36th head of the U.S. Small Business Administration (SBA):

“The confirmation of Ms. Carranza by the Senate at the start of a new year is a significant and historic event for an individual whose career has earned her the recognition and respect of our nation’s leaders in business, finance and community stakeholders. U.S. Latino purchasing power is growing 70% faster than non-Latino sectors, and this year, our purchasing volume is projected to top $1.7 trillion. Having an advocate in the administration such as Ms. Carranza will greatly help accelerate more participation among millions of Latinos, which will continue boosting our contributions to the nation’s economy.

Carranza’s own life reflects that of many Latino individuals who have achieved success despite seemingly insurmountable odds. She was the youngest of three children born to Mexican immigrant parents in a working-class family in Chicago. Her father held a factory job while her mother cared for the children and household. Carranza herself held two jobs even as she raised her child alone, while also attending college.

Carranza’s career includes having served as United States Treasurer and as the principal advisor to Treasury Secretary Mnuchin, where she was responsible for overseeing the federal department’s Office of Consumer Policy. She also worked as Deputy Administrator of SBA under President George W. Bush from 2006-2009, overseeing more than 80 field offices and a portfolio of loans of $80 billion.

LULAC especially applauds Carranza’s commitment and passion for championing women entrepreneurs, including Latinas who represent the fastest growing sector of small business owners in the United States. We look forward to working with Administrator Carranza as we are confident she will be an asset to this administration and the Latino community.”

The League of United Latin American Citizens (LULAC) is the nation’s largest and oldest civil rights volunteer-based organization that empowers Hispanic Americans and builds strong Latino communities. Headquartered in Washington, DC, with 1,000 councils around the United States and Puerto Rico, LULAC’s programs, services and advocacy address the most important issues for Latinos, meeting critical needs of today and the future. For more information, visit https://lulac.org/