The first black woman to head the US Small Business Administration leaves her post


Natalie Madeira CofieldChosen earlier this year to serve as deputy administrator of the Office of Women’s Business Ownership at the US Small Business Administration, reportedly left her post today to return to the private sector.

Bloomberg reported that Madeira Cofield wasn’t just one of the president’s highest-ranking black women that of Joe Biden administration but also the first black woman to lead the Office of Women’s Business Ownership.

Madeira Cofield excelled in overseeing the largest expansion of the Women’s Business Center (WBC) network in the history of the Small Business Administration. Her Women’s Entrepreneurship Championship has proven to pay off for businesses recovering from the pandemic and those needing support to expand or start their business.

Madeira Cofield’s exit from administration marks Women’s Equality Day. The White House proclaimed the day to “honor the movement for universal suffrage that led to the 19th Amendment, celebrate the progress of women over the years, and renew our commitment to advancing gender equity and protecting human rights. of women”, according to a Press release.

The seasoned entrepreneur and executive was a visionary behind the $100 million SBA Community Browser Pilot Program, an initiative of the American rescue plan. It was designed to “reduce the barriers that underrepresented and underserved entrepreneurs often face in accessing programs” and connect them to financial assistance, access to capital, contracts and procurement, to business development, etc., according to the office’s website.

She also spearheaded the launch of Ascenta free, digital e-learning platform for women entrepreneurs to learn, apply growth and grow their businesses, BLACK CORPORATE Previously reported.

Madeira Cofield’s reign in the SBA also saw a nationwide expansion of Women’s Business Centers across the United States and its territories. These entrepreneurship centers are designed to help women start and grow small businesses.

Dolphin of Teneexecutive director of the National Women’s Business Council, praised Madeira Cofield in a statement.

“Her tireless efforts during her tenure have enabled the Office of Women’s Business Ownership and the U.S. Small Business Administration to make remarkable strides in elevating women leaders,” Dolphin said, per Bloomberg.

According to Madeira Cofield, her work is not yet finished. She plans to expand her business repertoire and pursue other business ventures. More importantly, she will focus on how she can add “to the number of black women starting a business,” according to the outlet.


Comments are closed.