President-elect Joe Biden has nominated two women as the newest members of his economic team. Gina Raimondo will become Commerce Secretary, while Isabel Guzman will lead Small Business Administration. According to Biden, his new team will build up a new economy, where “every American is in on the deal.”
49 years old Gina Raimondo – Centrist Democrat, who became the first woman governor of Rhode Island in 2015 and was re-elected for the second term, former venture capitalist, having previously served as state treasurer, will help the President to set up the trade agenda and foster U.S. economic prospects for broadening it both internally and externally. She graduated with economics and law degrees from Harvard University, and Yale Law School. Raimondo left her name in the pension reform, as the most ambitious one across the U.S., while keeping Rhode Island during the summer as a ‘low’ Covid risk-level state. Besides, she was one of the candidates for becoming vice-president. She has noted: “I will harness that same American ingenuity to create good-paying union jobs and build our economy back better than ever before.”
Photo Credit: Susan Walsh/AP
Isabel Guzman, director of California’s Office of the Small Business Advocate, former senior advisor and deputy chief of staff at the SBA, and the first Latino-formed business bank in Los Angeles is going to lead the Small Business Administration. Guzman graduated from the Wharton Business school with a degree in business and economics. She also has had directed California’s economic recovery during the pandemic. At the beginning of 2021, her main focus will be an application of a second phase of Paycheck Protection Program loans. “Now more than ever our small businesses need us” – she said.