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Obama names L.A.'s Maria Contreras-Sweet to head SBA
Obama names L.A.'s Maria Contreras-Sweet to head SBA

President Obama named Los Angeles businesswoman Maria Contreras-Sweet, the founder of a community bank and a former California Cabinet member, as his nominee to head the Small Business Administration. Obama said Contreras-Sweet, who has worked with small businesses in the private sector, understands what small businesses need. "Maria knows how hard it is to get started on a business," Obama said Wednesday. "The grueling hours, the stress, the occasional self-doubt." "So not only did she start small businesses, but those have also been her customers, and she understands all too often that the lack of access to capital means a lack of opportunity," he said....

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