NSBA President Attends SBA Administrator Swearing-In

April 10, 2014

pic-whitehouseOn Monday, April 7, NSBA President Todd McCracken attended the swearing-in ceremony for Maria Contreras-Sweet as the new Administrator of the U.S. Small Business Administration (SBA). Both President Barack Obama and Vice President Joe Biden participated in the event with Biden conducting the official swearing-in. Held in the South Court Auditorium at the White House, McCracken was joined by a handful of other small-business leaders and owners.

Contreras-Sweet was confirmed by the Senate on March 27, following her nomination by Obama in January. She will take over as SBA Administrator following the departure of Karen Gordon Mills, who announced in February 2013 her intention to leave and was replaced by interim Acting Administrator Jeanne Hulit who took over in September of last year.

Prior to being nominated by President Obama, Contreras-Sweet served as Secretary of the California Business, Transportation and Housing Agency, president and co-founder of Fortius Holdings (a private equity and venture capital fund), and most recently as founder and CEO of ProAmerica Bank, a Latino-owned community bank located in Los Angeles, California.

NSBA applauded Contreras-Sweet’s confirmation and looks forward to working with her in the coming months and years.

“The SBA provides many critical resources for America’s small businesses, from lending programs to technical assistance to federal contracting support,” stated NSBA President and CEO Todd McCracken. “I’m pleased to be part of Contreras-Sweet’s swearing-in, and I look forward to working with her as the new SBA Administrator.”