|Intro||American businesswoman and government official|
|From||United States of America|
|Birth||29 June 1949, Illinois, USA|
Jovita Carranza (born 29 June 1949) is an American businesswoman who has served as the Administrator of the Small Business Administration since January 2020. Earlier, she served as the 44th Treasurer of the United States from 2017 to 2020 (appointed by President Donald Trump). Before that, she was the Deputy Administrator for the United States Small Business Administration from December 2006 to January 2009 (appointed by then-President George W. Bush and unanimously confirmed by the U. S. Senate.)
Prior to the SBA appointment, Carranza served as Vice President of Air Operations for United Parcel Service (UPS) the world’s largest package delivery company at its facility in Louisville, Kentucky, where she oversaw the automated package processing operation.
Currently, Carranza is the President & CEO of the JCR Group, a consulting firm working with global corporations and non-profits worldwide with a focus on business development, profit and loss management, operations, logistics, and systems optimization.
Carranza serves on the boards of United Way, National Center for Family Literacy, National Council of La Raza, SCORE, Alverno College, and the American Cancer Society Corporate Advisory Council. Carranza also serves in a variety of other civic capacities focused on economic empowerment, business development, education, health & humanitarian relief.
She is the recipient of numerous awards and honors, including “Woman of the Year” by Hispanic Business Magazine, “Woman of Distinction” by the American Association of University Women and NASPA, “Honorary Alumna for Alverno College”
Jovita Carranza was born on June 29, 1949, in Illinois. She grew up in Chicago in a first-generation immigrant Mexican American family. Her mother was a housewife and her father worked as a factory foreman.
Carranza earned her MBA from the University of Miami, Florida. She has also received executive, management, and financial training at the INSEAD Business School in Paris, France, the University of Michigan, and the University of Chicago.
In the mid-1970s, Carranza's first post at UPS was a part-time, night-shift box handler. She worked her way up to vice president managing domestic operations and president of international operations for Latin America and the Caribbean. When she left UPS, she served as vice president of air operations for UPS at its facility in Louisville, Kentucky, and was the highest-ranking Latina in UPS history.
She left UPS in 2005 and was appointed by President George W. Bush as Deputy Administrator for the US Small Business Administration. She served in that position from November 2006 to January 2009. As Deputy Administrator, she helped to manage an agency with more than 80 field offices across the country and a portfolio of direct and guaranteed business loans, venture capital investments, and disaster loans worth almost $80 billion. In an effort to improve customer response, Carranza led key operational improvement initiatives and projects.
In 2010, Carranza founded The JCR Group, a consulting firm serving corporations and NGOs on issues of business development and profit and loss management. She currently serves as its CEO.
Carranza, is also a lecturer, columnist, and commentator on political and business issues. Her articles have appeared in TownHall.com and other publications. She has lectured at Johns Hopkins University in Washington
In 2014, she joined the "Women for Rauner" campaign in Illinois promoting the Bruce Rauner and Evelyn Sanguinetti ticket. On April 14, 2015, Rauner appointed her a member of the Illinois Enterprise Zone Board for a term starting March 31, 2015, and ending March 31, 2018. The Enterprise Zone Board was established by state law to approve or deny applications related to the establishment, revision, or termination of enterprise zones established under the Illinois Enterprise Zone Act. Carranza was confirmed by the Illinois Senate on April 30, 2015.
On July 31, 2019, President Donald Trump announced the nomination of Carranza to be Administrator of the Small Business Administration. The United States Senate confirmed her nomination on January 7, 2020, by a vote of 88–5; she was sworn in one week later. Carranza has led the SBA's response to the coronavirus recession resulting from the COVID-19 pandemic.
On April 3, 2020, Carranza announced the launch of the Paycheck Protection Program – a $349 billion emergency loan program provided through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Since PPP's launch, nearly 1.7 million forgivable loans have been approved by SBA.
Boards and civic involvement
Carranza has served as a board member for several national nonprofit organizations such as the National Center for Family Literacy and United Way. She also has been involved in the UPS Congressional Contact program, chaired corporate committees responsible for global strategies, and has had experience with public speaking and advisory councils in multiple venues.
Honors and awards
- Woman of the Year for outstanding accomplishments throughout her career by Hispanic Business Magazine in 2004.
- Recognized for immeasurable contributions to the Hispanic community and for her public service to this country presented by The Latino Coalition Leadership in Washington, DC - October 2008.
- Received honors as a Woman of Distinction by the American Association of University Women and NASPA at the National Conference for College Women Student Leaders in June 2008.
- Honorary Alumna for Alverno College
- Albert Schweitzer Leadership Award by Hugh O'Brian Youth Leadership (HOBY)
She is a member of several honor societies and has active civic participation with women, youth, and minority groups.