Jovita Carranza
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Jovita Carranza (born June 29, 1949) is an American businesswoman who served as the 26th
Administrator of the Small Business Administration The administrator of the Small Business Administration is the head of the Small Business Administration of the United States Government. President Barack Obama announced in January 2012 that he would elevate the SBA administrator into the Cabine ...
from 2020 to 2021, having previously served as the 44th
Treasurer of the United States The treasurer of the United States is an officer in the United States Department of the Treasury who serves as custodian and trustee of the federal government's collateral assets and the supervisor of the department's currency and coinage produc ...
from 2017 to 2020. She was appointed to both roles by
President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...
Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of P ...
. Before that she served as the Deputy Administrator of the
Small Business Administration The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and stre ...
from December 2006 to January 2009. Appointed by President
George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...
, Carranza was unanimously confirmed by the
U.S. Senate The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and pow ...
. Prior to her first appointment to the SBA, Carranza served as Vice President of Air Operations for
United Parcel Service United Parcel Service (UPS, stylized as ups) is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has grown t ...
(UPS) at its facility in
Louisville, Kentucky Louisville ( , , ) is the largest city in the Commonwealth of Kentucky and the 28th most-populous city in the United States. Louisville is the historical seat and, since 2003, the nominal seat of Jefferson County, on the Indiana border ...
. 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 The administrator of the Small Business Administration is the head of the Small Business Administration of the United States Government. President Barack Obama announced in January 2012 that he would elevate the SBA administrator into the Cabine ...
, replacing
Linda McMahon Linda Marie McMahon (née Edwards; October 4, 1948) is an American political executive, retired professional wrestler, executive, and performer. She served as the 25th administrator of the Small Business Administration from 2017 to 2019. McMahon ...
. She was confirmed on January 7, 2020, and sworn in a week later. Carranza was the highest-ranking Hispanic woman in the
Trump administration Donald Trump's tenure as the 45th president of the United States began with his inauguration on January 20, 2017, and ended on January 20, 2021. Trump, a Republican from New York City, took office following his Electoral College victory ...
.


Early life and education

Born in Illinois, Carranza grew up in Chicago in an immigrant family from Mexico. Carranza's mother was a housewife and her father worked as a factory foreman. Carranza earned her Bachelor of Arts and MBA from the
University of Miami The University of Miami (UM, UMiami, Miami, U of M, and The U) is a private research university in Coral Gables, Florida. , the university enrolled 19,096 students in 12 colleges and schools across nearly 350 academic majors and programs, i ...
. She has received executive, management and financial training at
INSEAD INSEAD, a contraction of "Institut Européen d'Administration des Affaires" () is a non-profit business school that maintains campuses in Europe (Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE), and North America (San ...
, the
University of Michigan , mottoeng = "Arts, Knowledge, Truth" , former_names = Catholepistemiad, or University of Michigania (1817–1821) , budget = $10.3 billion (2021) , endowment = $17 billion (2021)As o ...
, and the
University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private university, private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park, Chicago, Hyde Park neighborhood. The University of Chic ...
.


Career

In the mid 1970s, Carranza's first post at
United Parcel Service United Parcel Service (UPS, stylized as ups) is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has grown t ...
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 Louisville ( , , ) is the largest city in the Commonwealth of Kentucky and the 28th most-populous city in the United States. Louisville is the historical seat and, since 2003, the nominal seat of Jefferson County, on the Indiana border ...
, and was the highest-ranking Latina in UPS history. Carranza was appointed by President
George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...
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. 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. In 2014, she joined the "Women for Rauner" campaign in Illinois promoting the Bruce Rauner and
Evelyn Sanguinetti Evelyn Sanguinetti (née Pacino; born November 12, 1970) is an American lawyer and politician who served as the 47th lieutenant governor of Illinois from 2015 to 2019. She previously served on the Wheaton City Council. Sanguinetti announced her ...
ticket. 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. 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. Carranza was confirmed by the Illinois Senate on April 30, 2015. During the
2016 presidential election This national electoral calendar for 2016 lists the national/ federal elections held in 2016 in all sovereign states and their dependent territories. By-elections are excluded, though national referendums are included. January *7 January: Kiri ...
, Carranza was a member of the Trump campaign's National Hispanic Advisory Council. 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. Carranza was sworn in on June 19, 2017. She was also appointed in August 2018 to serve as one of two members of the administration's Women's Suffrage Centennial Commission. On July 31, 2019, President Trump announced the nomination of Carranza to be
Administrator of the Small Business Administration The administrator of the Small Business Administration is the head of the Small Business Administration of the United States Government. President Barack Obama announced in January 2012 that he would elevate the SBA administrator into the Cabine ...
. The
United States Senate The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and pow ...
confirmed her nomination on January 7, 2020 by a vote of 88–5; she was sworn in one week later. Carranza has led the SBA's response to the
COVID-19 recession The COVID-19 recession, also referred to as the Great Lockdown, is a global economic recession caused by the COVID-19 pandemic. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnati ...
resulting from the
COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identi ...
. On April 3, 2020, Carranza announced the launch of the
Paycheck Protection Program The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Donald Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARE ...
– a $349 billion emergency loan program provided through the ''
Coronavirus Aid, Relief, and Economic Security Act The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2.2trillion Stimulus (economics), economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2 ...
'' (''CARES Act''). Since PPP's launch, nearly 1.7 million forgivable loans have been approved by SBA. Carranza has been criticized by some in both political parties for the rollout of the Economic Injury Disaster Loans (EIDL) program.


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 United Way is an international network of over 1,800 local nonprofit fundraising affiliates. United Way was the largest nonprofit organization in the United States by donations from the public, prior to 2016. United Way organizations raise funds ...
. 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. *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


External links

* , - {{DEFAULTSORT:Carranza, Jovita 1949 births Administrators of the Small Business Administration American consulting businesspeople American people of Mexican descent American women chief executives George W. Bush administration personnel Hispanic and Latino American members of the Cabinet of the United States Hispanic and Latino American women in politics Latino conservatism in the United States Illinois Republicans Living people People from Skokie, Illinois Small Business Administration personnel Treasurers of the United States Trump administration cabinet members United Parcel Service University of Miami Business School alumni Women members of the Cabinet of the United States 21st-century American women