Hector V. Barreto
U.S. Small Business Administration
Hector V. Barreto is a nationally recognized businessman and community leader. As a young man, he helped his father manage the family businesses. After receiving his bachelor’s degree in business administration from Rockhurst University in Kansas City, Missouri, he worked for the Miller Brewing Company as the South Texas Area Manager. In 1986, he moved to California and founded Barreto Insurance and Financial Services.
Appointed by President George W. Bush and unanimously approved by the United States Senate on July 25, 2001, he served five years as the administrator of the U. S. Small Business Administration. During his stewardship, the SBA exceeded all previous records in small-business loans, women and minority-owned business support, disaster relief and private-public sector procurement opportunities.
Notable accomplishments include serving as the chairman of The Latino Coalition, a national organization representing Latino interests with senior executives of many Fortune 500 companies and government agencies. He has also been elected to the national board of the United States Chamber of Commerce. Founder of “Tributo a mi Padre, Tequila” in honor of his late father Hector Barreto Sr., he is also the founder and president of Barreto Associates, a Southern California-based international business consulting firm developing relationships among major corporations, government agencies and small businesses.
In addition, Mr. Barreto was the founder and former chairman of Business Matchmaking, a leading non-prof it small business procurement program. Business Matchmaking brings together countless entrepreneurs, including women-, minority- and veteran-owned small business owners with procurement representatives of federal and local government agencies and several hundred major corporations. Since its inception, Business Matchmaking has been responsible for over 80,000 face-to-face meetings and facilitated the granting of more than $80 billion in verifiable contracts for small firms.
Mr. Barreto is the former vice chairman of the United States Hispanic Chamber (founded by his father, Hector Barreto Sr.) and the past chairman of the board of the Latin Business Association in Los Angeles. During his term, he increased membership by 50 percent, doubled revenues and substantially increased procurement opportunities for entrepreneurs.
Gov. Arnold Schwarzenegger appointed him to serve as commissioner on the California Commission for Economic Development. In addition, he has received special recognition from the U.S. Congress, the California State Senate and Assembly, the County of Los Angeles, the YMCA and the American Red Cross. In 2006, President Vicente Fox of Mexico honored him with the prestigious Aguila Azteca award, the highest recognition bestowed to a citizen of another country. He is frequently identified in key publications as one the most influential Hispanic business leaders in the country.
His book, The Engine of America provides motivation and inspiration for entrepreneurs through the stories and ideas of business leaders.
Mr. Barreto resides in Southern California with his wife Robin, son and two daughters.