Obama to nominate Calif. businesswoman to lead SBA

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Associated Press

Posted on January 15, 2014 at 3:01 AM

Updated Wednesday, Jan 15 at 3:01 AM

WASHINGTON (AP) — A White House official says President Barack Obama intends to nominate the founder of a Latino-owned community bank in Los Angeles and a former California cabinet secretary to be head of the Small Business Administration.

The official says Obama will announce Maria Contreras-Sweet's selection at an event Wednesday. The official was not authorized to discuss the nomination by name ahead of the announcement.

Contreras-Sweet was born in Guadalajara, Mexico, has a history of working with small businesses and has been an advocate for Hispanics.

Contreras-Sweet would become the second Hispanic in Obama's second-term Cabinet. The other is Labor Secretary Thomas Perez. Contreras-Sweet would also become the eighth woman in Obama's current Cabinet.

The Washington Post first reported the nomination.

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