Jovita Carranza
26th Administrator of the Small Business Administration
In office
January 14, 2020 – January 20, 2021
PresidentDonald Trump
Preceded byLinda McMahon
Succeeded byIsabel Guzman
44th Treasurer of the United States
In office
June 19, 2017 – January 14, 2020
PresidentDonald Trump
Preceded byRosie Rios
Succeeded byMarilynn Malerba
Deputy Administrator of the Small Business Administration
In office
December 15, 2006 – January 20, 2009
PresidentGeorge W. Bush
Preceded byMelanie Sabelhaus[1]
Succeeded byMarie Johns[2]
Personal details
Born (1949-06-29) June 29, 1949
Chicago, Illinois, U.S.
Political partyRepublican
EducationUniversity of Miami (BA, MBA)
Carranza's currency signature
Carranza's currency signature

Jovita Carranza (born June 29, 1949) is an American businesswoman who served as the 26th Administrator of the Small Business Administration from 2020 to 2021, having previously served as the 44th Treasurer of the United States from 2017 to 2020. She was appointed to both roles by President Donald Trump. Before that she served as the Deputy Administrator of the Small Business Administration from December 2006 to January 2009.[3][4] Appointed by President George W. Bush, Carranza was unanimously confirmed by the U.S. Senate. Prior to her first appointment to the SBA, Carranza served as Vice President of Air Operations for United Parcel Service (UPS) at its facility in Louisville, Kentucky.[5]

Previously, Carranza was the President and CEO of the JCR Group, a consulting firm with a focus on business development, profit and loss management, operations, logistics and systems optimization.

On August 1, 2019, President Trump nominated Carranza to be Administrator of the Small Business Administration, replacing Linda McMahon.[6] She was confirmed on January 7, 2020,[7] and sworn in a week later. Carranza was the highest-ranking Hispanic woman in the Trump administration.[8]

Early life and education

Born in Illinois, Carranza grew up in Chicago in an immigrant family from Mexico.[9] Carranza's mother was a housewife and her father worked as a factory foreman.[10] Carranza earned her Bachelor of Arts and MBA from the University of Miami.[11] She has received executive, management and financial training at INSEAD, the University of Michigan, and the University of Chicago.

Career

Carranza as Deputy Administrator of the Small Business Administration

In the mid 1970s, Carranza's first post at United Parcel Service was a part-time, night-shift box handler. She worked her way up to vice president managing domestic operations and president of international operations for Latin America and the Caribbean. When she left UPS, she served as vice president of air operations at its facility in Louisville, Kentucky, and was the highest-ranking Latina in UPS history.

Carranza was appointed by President George W. Bush as Deputy Administrator of the Small Business Administration. She served on that position from 2006 to 2009. As Deputy Administrator, she helped manage an agency with more than 80 field offices across the country and a portfolio of direct and guaranteed business loans, venture capital investments and disaster loans worth almost $80 billion. In an effort to improve customer response, Carranza led key operational improvement initiatives and projects.[12][13][14][15]

Carranza is the founder and president of The JCR Group, a consulting firm serving corporations and NGOs on issues of business development and profit and loss management. She is also a lecturer, columnist and commentator on political and business issues. Her articles have appeared in TownHall.com and other publications. She has lectured at Johns Hopkins University in Washington.[16]

In 2014, she joined the "Women for Rauner" campaign in Illinois promoting the Bruce Rauner and Evelyn Sanguinetti ticket.[17] On April 14, 2015, Governor Bruce Rauner appointed Carranza a member of the Illinois Enterprise Zone Board for a term starting March 31, 2015 and ending March 31, 2018.[18] The Enterprise Zone Board was established by state law to approve or deny applications related to the establishment, revision, or termination of enterprise zones established under the Illinois Enterprise Zone Act.[19] Carranza was confirmed by the Illinois Senate on April 30, 2015.[18]

During the 2016 presidential election, Carranza was a member of the Trump campaign's National Hispanic Advisory Council.[20] On April 28, 2017, she was named by President Trump as his appointee to fill the position of U.S. Treasurer, vacant since the resignation of Rosa Gumataotao Rios in July 2016.[21] Carranza was sworn in on June 19, 2017.[22][23][24] She was also appointed in August 2018 to serve as one of two members of the administration's Women's Suffrage Centennial Commission.[25]

On July 31, 2019, President Trump announced the nomination of Carranza to be Administrator of the Small Business Administration.[26][27] The United States Senate confirmed her nomination on January 7, 2020 by a vote of 88–5;[28][29] she was sworn in one week later.[30] Carranza has led the SBA's response to the COVID-19 recession resulting from the COVID-19 pandemic.[31] On April 3, 2020, Carranza announced the launch of the Paycheck Protection Program – a $349 billion emergency loan program provided through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).[32] Since PPP's launch, nearly 1.7 million forgivable loans have been approved by SBA.[33]

Carranza has been criticized by some in both political parties[34][35] for the rollout of the Economic Injury Disaster Loans (EIDL) program.[36][37]

Boards and civic involvement

Carranza has served as a board member for several national nonprofit organizations such as the National Center for Family Literacy and United Way. She also has been involved in the UPS Congressional Contact program, chaired corporate committees responsible for global strategies, and has had experience with public speaking and advisory councils in multiple venues.

Honors and awards

  • Woman of the Year for outstanding accomplishments throughout her career by Hispanic Business Magazine in 2004.[38]
  • Recognized for immeasurable contributions to the Hispanic community and for her public service to this country presented by The Latino Coalition Leadership in Washington, DC - October 2008.
  • Received honors as a Woman of Distinction by the American Association of University Women and NASPA at the National Conference for College Women Student Leaders in June 2008.
  • Honorary Alumna for Alverno College
  • Albert Schweitzer Leadership Award by Hugh O'Brian Youth Leadership (HOBY)

She is a member of several honor societies and has active civic participation with women, youth and minority groups

References

  1. ↑ "PN1963 - Nomination of Jovita Carranza for Small Business Administration, 109th Congress (2005-2006)". www.congress.gov. December 9, 2006. Retrieved March 19, 2018.
  2. ↑ "PN1310 - Nomination of Marie Collins Johns for Small Business Administration, 111th Congress (2009-2010)". www.congress.gov. June 22, 2010. Retrieved March 19, 2018.
  3. ↑ "results.gov : Resources For The President's Team". whitehouse.gov. Retrieved March 19, 2018 – via National Archives.
  4. ↑ "Jovita Carranza Confirmed as SBA Deputy Administrator". Archived from the original on February 24, 2015. Retrieved February 24, 2015.
  5. ↑ "PN1963 - Nomination of Jovita Carranza for Small Business Administration, 109th Congress (2005-2006)". www.congress.gov. December 9, 2006. Retrieved March 19, 2018.
  6. ↑ "Six Nominations Sent to the Senate". whitehouse.gov – via National Archives.
  7. ↑ "U.S. Senate: U.S. Senate Roll Call Votes 116th Congress - 2nd Session". www.senate.gov.
  8. ↑ Klein, Betsy (April 5, 2019). "Trump to nominate Jovita Carranza as SBA administrator". CNN. Retrieved March 31, 2020.
  9. ↑ Wilczynski, Aimee V. (January 1, 2005). "Educational Training and Diversity for Better Business: Interview with Jovita Carranza, Vice President of Air Operations/ World Port Manager at UPS". Harvard Journal of Hispanic Policy. 17. Archived from the original on January 16, 2021. Retrieved March 19, 2018.
  10. ↑ "Madam Treasurer Jovita Carranza | LATINA Style Magazine". June 8, 2019. Archived from the original on June 8, 2019. Retrieved March 31, 2020.
  11. ↑ Hawkins, Carol Hooks (March 23, 2009). American Women Leaders: 1,560 Current Biographies. McFarland. ISBN 978-0-7864-5275-0.
  12. ↑ "Jovita Carranza Confirmed as SBA Deputy Administrator". Archived from the original on February 24, 2015. Retrieved February 24, 2015.
  13. ↑ Jeffords, Sarah (May 28, 2007). "Jovita Carranza embraces new role at SBA". www.bizjournals.com.
  14. ↑ "Confirmation Hearing for Deputy SBA Leader". Retrieved March 19, 2018.
  15. ↑ "SBA Launches Electronic Disaster Loan Application" (PDF). Archived from the original (PDF) on September 16, 2008. Retrieved September 10, 2018.
  16. ↑ "Jovita Carranza Articles - Political Columnist & Commentator - Jovita Carranza". Townhall. Retrieved March 19, 2018.
  17. ↑ "Rauner Announces Women for Rauner Coalition Bruce Rauner". Archived from the original on February 24, 2015. Retrieved February 24, 2015.
  18. 1 2 Rauner, Bruce (April 14, 2015). "Appointment Message 990162". Letter to. Illinois Senate. Retrieved June 29, 2020.
  19. ↑ Gruber, Amanda (August 1, 2018). "Publication 425: State Board and Commission Descriptions" (PDF). Illinois Legislative Research Unit. p. 510. Retrieved December 14, 2018.
  20. ↑ Choi, Matthew (April 4, 2019). "Trump names Jovita Carranza, U.S. treasurer, to head SBA". POLITICO. Retrieved April 2, 2020.
  21. ↑ ""President Donald J. Trump Announces Key Additions to his Administration", White House, April 28, 2017". whitehouse.gov. Retrieved January 7, 2020 – via National Archives.
  22. ↑ "Jovita Carranza sworn in as U.S. Treasurer". PBS NewsHour. June 19, 2017. Retrieved March 19, 2018.
  23. ↑ "Jovita Carranza sworn in as 44th US Treasurer". AP NEWS. June 19, 2017.
  24. ↑ "New money: Mnuchin and Carranza now on the dollar bill". AP NEWS. August 13, 2021.
  25. ↑ "President Donald J. Trump Announces Intent to Nominate, Designate, and Appoint Personnel to Key Administration Posts". whitehouse.gov – via National Archives.
  26. ↑ "President Donald J. Trump Announces Intent to Nominate and Appoint Individuals to Key Administration Posts". whitehouse.gov. Retrieved January 3, 2020 – via National Archives.
  27. ↑ "Trump taps Carranza as Small Business Administration chief". AP NEWS. April 5, 2019.
  28. ↑ Jagoda, Naomi (January 7, 2020). "Senate confirms Trump pick for small business chief". TheHill.
  29. ↑ "Jovita Carranza confirmed as SBA administrator after nine-month delay". American Banker. January 7, 2020.
  30. ↑ "Jovita Carranza Sworn in as 26th SBA Administrator" (Press release). United States Small Business Administration. January 14, 2020. Archived from the original on April 8, 2020. Retrieved April 8, 2020.
  31. ↑ Hayashi, Yuka (March 28, 2020). "Small Business Administration's New Boss Has Big Job Ahead". The Wall Street Journal. Retrieved March 28, 2020.
  32. ↑ "SBA's Paycheck Protection Program for Small Businesses Affected by the Coronavirus Pandemic Launches | The U.S. Small Business Administration | SBA.gov". www.sba.gov. April 3, 2020. Retrieved April 13, 2020.
  33. ↑ Carranza, Jovita. "SBA: PPP processed more than 14 years worth of loans in less than 14 days". USA TODAY. Retrieved May 1, 2020.
  34. ↑ "Letter to SBA Administrator, Cardin, Schumer, And Shaheen Call On SBA To Reverse Policy That Limits Economic Disaster Loan Program (EIDL) Loans To $150K And Demand SBA Open Up Program To Non-Farm Applicants". WSJ. April 8, 2020.
  35. ↑ "Rubio Chairs Hearing on the Implementation of Title I of the CARES Act". US Congress. June 10, 2020.
  36. ↑ "SBA Under Fire for Failing to Get Aid to Struggling Small Businesses". WSJ. April 8, 2020.
  37. ↑ "Small-business program intended for quick grants is running weeks behind". US Congress. May 9, 2020.
  38. ↑ "Jovita Carranza Named Hispanic Business Magazine Woman of the Year". RTO Online. RTO Online, Inc. May 5, 2004. Archived from the original on November 21, 2008. Retrieved March 24, 2009.
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