Printer Friendly
The Free Library
14,599,499 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

SBA ADMINISTRATOR HAS SOUTHLAND ROOTS.


Byline: Brent Hopkins Staff Writer

Hector V. Barreto left 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.  four years ago for the grind of Washington, D.C., but he still has an evident fondness for his old haunt haunt  
v. haunt·ed, haunt·ing, haunts

v.tr.
1. To inhabit, visit, or appear to in the form of a ghost or other supernatural being.

2.
.

When he worked in the insurance business, he called Glendale home; now he crosses the country as administrator of the U.S. Small Business Administration. As he dropped by Los Angeles for a series of events on Friday, he spoke passionately about the town where he built his own company.

``The most small businesses are here, the most minority-owned businesses are here, the most women-owned businesses are here,'' Barreto said in an interview on Friday. ``Agriculture, retail, manufacturers, you've got everything here. This was entrepreneurial heaven.''

Under his tenure in the top 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
 slot, the agency has tried very hard to continue that feeling. Of its 70 offices, the Los Angeles district office has been the top loan dispenser, handing out more 4,000 federally guaranteed loans worth more than $1 billion so far this year.

While Los Angeles was once home to an array of large national corporate headquarters, the number has dwindled over the years so its tens of thousands of small companies have become increasingly important. Barreto noted that 52 percent of the work force calls a small business its boss, creating 75 percent of new jobs.

While Roberto Barragan, president of the nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive.

Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law.
 Valley Economic Development Center, said small enterprises still had tough issues to face, he praised the administrator's work in standing up for them in challenging times.

``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.  has had the most impact of any SBA administrator in its history,'' Barragan said. ``He's ... really delivered for small business. He's pushed the money to the people who need it most.''

In spite of the SBA's funding assistance, business owners report they still need help on the local and state level. Though last year's workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work.  reform helped reduce costs somewhat, employers still find themselves hampered by high insurance costs and what they see as needless government regulation.

``I don't think it's getting better,'' said Ken Grow, who owns Gregory's Toys in Encino. ``The problem small businesses have is you have so many costs just to be in business: Insurance, payroll tax Payroll Tax

Tax an employer withholds and/or pays on behalf of their employees based on the wage or salary of the employee. In most countries, including the U.S., both state and federal authorities collect some form of payroll tax.
, property tax - all these things "These Things" is an EP by She Wants Revenge, released in 2005 by Perfect Kiss, a subsidiary of Geffen Records. Music Video
The music video stars Shirley Manson, lead singer of the band Garbage. Track Listing
1. "These Things [Radio Edit]" - 3:17
2.
 make it very difficult. You try to keep the expenses down, but it's tough.''

Brent Hopkins, (818) 713-3738

brent.hopkins(at)dailynews.com

CAPTION(S):

photo

Photo:

(color) SBA Administrator Hector V. Barreto, who once worked in the area, was in town on Friday.

John Lazar/Staff Photographer
COPYRIGHT 2005 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Aug 13, 2005
Words:422
Previous Article:BRIEFCASE.(Business)
Next Article:FEWER FORFEIT HOMES.(Business)



Related Articles
County's biggest small business lender remains Mechanics Bank. (Los Angeles County)
Major SBA lenders hike Southland loans by 54%. (Small Business Administration) (Industry Overview)
SBA approves first W. Coast surety-bond provider. (Small Business Administration; First National Insurance Company of America) (Special Report:...
Funding interruption adds to SBA lending slowdown: and competition grows even as recession cuts volume. (Small Business Administration)
SBA's plan to slash borrower paperwork may vitalize lending. (Small Business Administration; LowDoc Program)
New SBA program to open up revolving credit lines. (Small Business Administration) (Special Report: Small Business)
EXECUTIVES EARN HONORS FROM SBA; VENTURA COUNTY TRIO PRAISED.(BUSINESS)
Cushman & Wakefield exec appointed to SBA council.(Transcripts)(Brief Article)
Director's message.(Small Business Administration)(Advertisement)
Celebrate the success of America's small business.(entrepreneurs honored)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles