Friend Or Foe?

Taking a look at the new head of the SBA

Spanish from Rockhurst College in Kansas City, Missouri, also headed the Latin Business Association in Los Angeles and was appointed vice chairman of the U.S. Hispanic Chamber of Commerce last October. He served as co-chairman of the Bush campaign in California during the 2000 campaign.

Although his plans seem extensive considering that the SBA’s budget promises to be smaller, Barreto says he’s confident that the agency will get the funds it needs. “Our president was a small business owner himself, and he is very concerned about making [the SBA] an effective and vital agency,” he says. An $857 million appropriation has been proposed for the agency, while President Bush’s budget calls for $546 million. A final number has yet to be set, but is expected to be somewhere in between.

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