Maria Contreras-Sweet

Maria Contreras-Sweet (born 1955) is an American businesswoman and former government official who served as the 24th administrator of the Small Business Administration from 2014 to 2017. She was 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. She was confirmed as the Administrator of the Small Business Administration by voice vote on March 27, 2014. She assumed that role on April 7, 2014.

Born in Guadalajara, Mexico, Contreras-Sweet's family, including her mother and five siblings, immigrated to the United States when Contreras-Sweet was five years old. Her mother worked at a chicken packaging plant in El-Monte, California to support the family. Contreras-Sweet earned a bachelor's degree from California State University, Los Angeles.

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.

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.

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.

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 in 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.

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 Joseph B. Montoya appointed Contreras-Sweet as field deputy where she engaged in constituency affairs, legislative analysis, and public policy proposals.