WASHINGTON (6/26/08)--President George W. Bush Wednesday announced his intention to nominate a new administrator for the Small Business Administration (SBA). The President said he will nominate Santanu “Sandy” K. Baruah, who is currently assistant secretary for economic development at the U.S. Department of Commerce, for the top SBA spot. According to a White House press release, Baruah has held several positions at the Commerce Department. Prior to his current position, he served as chief of staff of the economic development administration at Commerce. Earlier he served as deputy assistant secretary for economic development there. The SBA vacancy was created when Steven Preston was tapped to become the new leader at the U.S. Department of Housing and Urban Development. Prior to being sworn in at HUD, Preston spent two years at the helm of the SBA.