Senate Confirmation of Jovita Carranza as Head of the Small Business Administration is Welcome News to Small Businesses

For Immediate Release: 
Tuesday, January 7, 2020

Statement by John Arensmeyer, Founder & CEO of Small Business Majority, on what the confirmation of Jovita Carranza means for entrepreneurs

We are glad the U.S. Senate voted today to confirm Jovita Carranza as the next Administrator of the U.S. Small Business Administration (SBA). We were pleased the nominee is someone with high-level experience at the SBA, and we're particularly glad the president chose a woman of color whom we hope will connect with a rapidly growing segment of entrepreneurs. After all, between 2007 and 2018, the number of women-owned businesses increased by 58% in the United States, and women are now the majority owners of 40% of the country’s businesses. What’s more, of the 5.8 million small firms owned by women of color as of 2018, 2.1 million are Latina-owned.

The Small Business Administration plays a vital role in America’s entrepreneurial ecosystem by providing critical sources of funding, training and technical assistance for small businesses. We are optimistic that Ms. Carranza will continue the SBA's tradition of providing robust, high-quality services to America’s entrepreneurs.   

About Small Business Majority

Small Business Majority was founded and is run by small business owners to ensure America’s entrepreneurs are a key part of a thriving and inclusive economy. We actively engage our network of more than 58,000 small business owners in support of public policy solutions and deliver information and resources to entrepreneurs that promote small business growth. Our extensive scientific polling, focus groups and economic research help us educate and inform policymakers, the media and other stakeholders about key issues impacting small businesses and freelancers. Learn more about us on our website and follow us on TwitterFacebook and Instagram.

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