January 15, 2014 |
President Obama intends to nominate Maria Contreras-Sweet, the founder of a Latino-owned community bank in Los Angeles and a former state Cabinet secretary, to head the Small Business Administration. Contreras-Sweet, who is highly regarded in the L.A. business community, is expected to be nominated Wednesday afternoon. She would fill the last vacancy in Obama's Cabinet. Born in Guadalajara, Mexico, Contreras-Sweet immigrated to Los Angeles when she was 5. She was the first Latina to serve as a Cabinet secretary in California when she was secretary of the Business, Transportation and Housing Agency from 1999 to 2003.