BUSH NOMINATES BARRETO FOR SBA.Byline: Bill Hillburg Washington Bureau WASHINGTON - President George W. Bush on Monday nominated Glendale resident Hector V. Barreto Jr., a political ally and Latino entrepreneur, to serve as administrator of the federal Small Business Administration. The agency, with an annual budget of $905 million and a federal loan portfolio in excess of $10 billion, provides financial assistance to owners of small businesses, including minority and female entrepreneurs. The SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government administrator is paid $130,000 a year. Barreto, 39, whose nomination is subject to Senate confirmation, declined comment Monday. ``I think he's a fantastic choice,'' said Ruth Lopez Williams, who recently succeeded Barreto as chairman of the board of the Latin Business Association, a Los Angeles-based trade group. ``He's professional, articulate and able to cut through red tape. And he's very sensitive to the fact that small Latino businesses are playing a major role in the assimilation of immigrants coming to the U.S.'' Rep. David Dreier David Timothy Dreier (born July 5, 1952), American politician, has been a Republican member of the United States House of Representatives since January 1981, representing California's 26th congressional district (map). He was first elected to the U.S. House at age 28 in 1980. , R-Covina, who served with Barreto as a co-chairman of Bush's California campaign, praised the appointment, saying, ``I've worked closely with him and I know he'll bring the voice and perspective of California and the Latino community to Washington,''. Barreto, who grew up in Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo., is the owner of Barreto Insurance and Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Inc., based in East Los Angeles East Los Angeles, uninc. city (1990 pop. 126,379), Los Angeles co., S Calif., a residential suburb of Los Angeles, in an industrial area. It has a large Mexican-American population. There is a performing arts center and a cultural center. A junior college is there. . He and his wife have two daughters. His company is located in the headquarters building of The East Los Angeles Community Union, a powerful eastside development and financial agency whose president, David Lizarraga, is a close Barreto ally. The site is also home to TELACU/Barreto Financial Services, an employee benefits agency. ``He's been a major advocate of small businesses in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. for a long time, especially minority-owned businesses,'' Roberto Barragan, president of the Valley Economic Development Center said. ``We're looking forward to having someone in our corner to head the SBA.'' Cathy Maguire, chairwoman of the Valley Industry and Commerce Association, said Barreto would be a key advocate for small business in Los Angeles. ``This is a vital agency,'' she said. ``Barreto understands the need for capital in the small business sector.'' Barreto and his father, Hector Barreto Hector V. Barreto was the 21st Administrator of the U.S. Small Business Administration, confirmed on July 25, 2001. George W. Bush nominated him to the post. He resigned on April 25, 2006 following a controversial tenure as SBA chief. Sr., have also been active with the U.S. Hispanic Chamber of Commerce, a Washington-based trade group. In 1999, the Bush nominee was listed among the ``100 most influential U.S. Hispanics'' by Hispanic Business Hispanic Business, Inc. is a media company based in Santa Barbara, California, in the United States of America. Founded by Jesús Chavarría in 1979, Hispanic Business, Inc. publishes information for and about Hispanic professionals and entrepreneurs. Magazine. Barreto was a delegate and featured speaker last year at the Republican National Convention in Philadelphia. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Federal Election Commission records, Barreto contributed $1,000 to the Bush 2000 campaign. He also gave a $500 contribution last year to Rep. Howard P. ``Buck'' McKeon, R-Santa Clarita, and $300 to Rep. Lucille Roybal-Allard, D-Los Angeles, a leader of the Hispanic Congressional Caucus. If confirmed by the Senate, Barreto would succeed Puerto Rico-born Aida Alvarez, an appointee APPOINTEE. A person who is appointed or selected for a particular purpose; as the appointee under a power, is the person who is to receive the benefit of the trust or power. of President Bill Clinton who resigned when Bush took office on Jan. 20. Staff Writer Dominic Berbeo contributed to this report. CAPTION(S): photo Photo: Hector V. Barreto Jr. New SBA administrator |
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