Find a list of your saved stories here

Nominee for SBA head passes first Senate test

Nominee for SBA head passes first Senate test


1 photo
Save Story

Save stories to read later


Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Maria Contreras-Sweet is one step closer to becoming head of the Small Business Administration.

The Senate Committee on Small Business & Entrepreneurship has approved Contreras-Sweet's nomination Wednesday by a unanimous voice vote. Contreras-Sweet now faces a vote by the full Senate. If confirmed, she will succeed Karen Mills, who left the SBA in August.

Contreras-Sweet is a former secretary of California's Business, Transportation and Housing Agency. She is also the co-founder of Los Angeles-based ProAmerica Bank, which focuses on lending to small businesses. And she co-founded Fortius Holdings, a private equity and venture fund that invested in small businesses.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

Business
The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast