Maria Contreras-Sweet

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Maria Contreras-Sweet
Maria Contreras Sweet portrait.jpg
24th Administrator of the Small Business Administration
Incumbent
Assumed office
April 7, 2014
President Barack Obama
Preceded by Marianne Markowitz (Acting)
California Secretary of Business, Transportation and Housing Agency
In office
January 4, 1999 – November 17, 2003
Governor Gray Davis
Preceded by Dean Dunphy
Succeeded by Sunny McPeak
Personal details
Born 1955 (age 58–59)
Guadalajara, Mexico
Political party Democratic
Spouse(s) Ray Sweet
Children Rafael
Francesca
Antonio
Alma mater California State University, Los Angeles

Maria Contreras-Sweet is the 24th and current Administrator of the Small Business Administration. She was formerly the executive chairwoman and founder of ProAmérica Bank, a commercial bank focusing on small to mid-sized businesses with a specialty in the Latino community. Born in Guadalajara, Mexico, Contreras-Sweet immigrated to Los Angeles, California and has since been involved in both the private sector founding a private equity firm and in public service as the California Secretary of Business, Transportation, and Housing under Governor Gray Davis.

On January 15, 2014, she was nominated by President Barack Obama to join his Cabinet as head of the Small Business Administration.[1] She was confirmed as the Administrator of the Small Business Administration by voice vote on March 27, 2014.[2] She assumed role of her position as Administrator of the Small Business Administration on April 7, 2014.[3]

Private sector[edit]

7-Up / RC Bottling Company[edit]

Contreras-Sweet entered the private sector as the Director of Public Affairs for Westinghouse’s 7-Up / RC Bottling Company and rose to Vice-President of Public Affairs. During her tenure with the company, they grew their portfolio to include other beverage companies such as Evian, Perrier, Sunkist, Lipton, and several others. Contreras-Sweet became one of the leading corporate negotiators for the creation of the Beverage Container Recycling and Litter Reduction Act of 1986 which introduced the California Redemption Value for bottles and the mass expansion of the recycling system in the state. Contreras-Sweet was a part of the management leveraged buy-out of the Bottling Company, becoming an equity partner.

Contreras-Sweet Company[edit]

Maria Contreras-Sweet started the Contreras-Sweet Company, a marketing and research consulting firm with a specialization in the Latino market. Her clients included The Coca-Cola Company, Pacific Gas and Electric Company, Hoechst AG, The Walt Disney Company, and Sempra Energy.

Fortius Holdings, LLC[edit]

After leaving public office, Contreras-Sweet joined with Edward P. Roski to form Fortius Holdings, LLC, a private venture capital firm that sought to invest in small business with an emphasis in Latino-owned and women-owned businesses.

ProAmérica Bank[edit]

In 2006, Contreras-Sweet became the Founding Chairwoman of the first Latino-formed commercial bank in California in over 35 years, ProAmérica Bank. ProAmérica Bank targets the small business community is Southern California. Maria Contreras-Sweet recruited such notable co-organizers as Henry Cisneros, Edward P. Roski, Alex Chaves, and Solomon Trujillo. ProAmérica Bank’s client base includes some of California’s most important corporations, foundations, non-profits, and small businesses.

Public sector[edit]

State legislature[edit]

Contreras-Sweet first experienced public service as a secretary for Leo T. McCarthy when he was the Speaker of the California State Assembly. She used her time with him to gain exposure and understanding of the state legislative process. Recognized for her growing know-how and ambition, California Senator Joe Montoya appointed Contreras-Sweet as field deputy where she engaged in constituency affairs, legislative analysis, and public policy proposals.

U.S. Census Bureau[edit]

After working for the state legislature, Contreras- Sweet joined the Department of Commerce as a District Manager for the United States Census Bureau’s Decennial Count in 1979. There, she was responsible for over 800 employees and the accurate count of the South East portion of Los Angeles County.

California Cabinet Secretary[edit]

Contreras-Sweet was appointed by Governor Gray Davis to be Cabinet Secretary of the California Business, Transportation and Housing Agency (BTH), becoming the first Latina to be named Cabinet Secretary in United States history. During her 5-year term, Contreras-Sweet was the longest serving BTHA secretary, overseeing 44,000 employees, a $14 billion budget, and 14 state departments. Her projects included:

  • Creating of the Department of Managed Health Care and its accompanying Office of Patient Advocate
  • Serving as Chairwomen for the Commission on Building for the 21st Century and published the Invest for California Infrastructure Report
  • Securing funding; building consensus among local, state, and federal governments; and commencing the construction of the eastern span of the San Francisco – Oakland Bay Bridge (at the time, the project was considered one of the largest infrastructure projects in the United States)
  • Driving the passage of California Proppsition 46, a $2.1 billion housing bond
  • Creating the first international architectural competition ever undertaken for a state building, which led to the construction of the Caltrans District 7 Headquarters.[4]
  • Serving as Chairwoman [5] of the 2000 United States Census for California.[6]

Other highlights[edit]

Contreras-Sweet is the Founding President[7] of Hispanas Organized for Political Equality (HOPE). This organization’s mission is to provide political education of Hispanic women so that they can improve the communities in which they live for the betterment of all. HOPE’s key programs include the HOPE Leadership Institute, Latina Action Day is Sacramento and Washington D.C., and the Youth Leadership through Literacy Program. HOPE celebrated its 20th anniversary in 2009 with a special banquet and video presentation that featured Contreras-Sweet sharing the progress the organization has made through the years.[8]

Contreras-Sweet was appointed by the United States Senate to the original Federal Glass Ceiling Commission which published the "Good For Business: Making Full Use of the Nation's Human Capital" report [9] and the "A Solid Investment: Making Full Use of the Nation's Human Capital" report.[10] These two investigations examined the effects of the Glass ceiling on women and minorities in the workplace.

Contreras-Sweet is a Founding Director of The California Endowment, a multi-billion dollar philanthropic foundation.

Contreras-Sweet was an elected member of the Board of Directors for Blue Cross of California during the critical years of its turn-around period and transition to the publicly traded stock, WellPoint. She was selected to serve on the Harvard Women’s Leadership Board, which advises Harvard University on women’s issues and supports research opportunities for female professors. During her period of service, the University consulted the Board in their selection of Drew Faust, Harvard’s first female president. She serves on PepsiCo’s Ethnic Advisory Board, which executives turn to for consulting on marketing, employment, health, environment, and procurement opportunities. Contreras-Sweet serves on the Milken Institute’s California Advisory Board[11] which studies key policy and economic topics that affect California’s well-being.

Contreras-Sweet is an executive member of the Board[12] of the Los Angeles Chamber of Commerce. She is a member of the board[13] of Children's Hospital Los Angeles. Contreras-Sweet served for 10 years as a Board Member and 2 years as the Chairwoman of the Board of the Mexican American Opportunity Foundation (MAOF). She was appointed to the Board of the Los Angeles Fire and Police Pension Commission (LAFPP). She was a member of the Independent System Operator (ISO) executive board for California.[14] She was a member of the Rebuild Los Angeles board, which was formed to provide economic development in the southern portion of Los Angeles after the 1992 Los Angeles riots.

Contreras-Sweet spearheaded the committee that produced the “Latinas: The Spirit of California” Exhibition featured at The California Museum for History, Women and the Arts.

Public appearances and recognition[edit]

  • 2003 Recipient of Government Technology Conference & Center of Digital Government's "Innovation & Vision in Government" Award[15]
  • Guest on the Tavis Smiley Show on PBS[16]
  • Keynote Speaker of Japan’s Global Enhancement of Women’s Executive Leadership Forum in 2008[17]
  • Recipient of Women’s Leadership Award for Business from the Women’s Leadership Exchange
  • Featured on and interviewed for the I Am CNBC Campaign
  • Listed as #9 on My Latino Voice’s Top 10 Marias in Latino History

References[edit]

Political offices
Preceded by
Marianne Markowitz
Acting
Administrator of the Small Business Administration
2014–present
Incumbent