Trump’s Nominee to Lead SBA Commits to Expand Resources to Black Businesses
Style Magazine Newswire | 1/10/2020, 9:11 a.m.
Jovita Carranza
As a new year begins, obtaining financing remains among the largest obstacles blocking many black-owned businesses from growing and reaching new heights. The lingering problem comes after the Senate Committee on Small Business & Entrepreneurship voted 17-2 in December to approve Jovita Carranza’s nomination to serve as the new administrator of the U.S. Small Business Administration (SBA). No votes came from Senators Cory Booker (D-NJ) and Ed Markey (D-Mass). Carranza, who has served as deputy administrator of the SBA and is currently U.S. treasurer, was nominated by President Trump in April 2019 to oversee the SBA. Her selection came after the federal agency’s previous administrator, Linda McMahon, stepped down. Carranza must go before the full Senate for consideration. Chris Pilkerton is now the SBA’s acting administrator.
