Natalie Madeira Cofield made historical past because the highest-ranking Black lady within the Biden Administration when final 12 months, she was named because the assistant administrator for the Workplace of Ladies’s Enterprise Possession, a division throughout the Small Enterprise Administration.
Simply forward of Ladies’s Equality Day, she introduced she’s exiting the function to deal with supporting feminine founders like herself to succeed in their fullest potential.
Madeira Cofield was pivotal in main the SBA’s $100 million Group Navigator Pilot Program, which is geared toward supporting underrepresented teams faucet into governmental monetary help, contract procurement and advertising. This system was an extension of the American Rescue Plan, an act that was endorsed by Biden final March.
“My profession has been coloured by my ardour and my dedication to advocacy and repair, in addition to my expertise as a nationwide champion for ladies entrepreneurs,” she mentioned in a 2021 Forbes interview shortly after her appointment was introduced.
“As a seasoned entrepreneur who grew a enterprise from start-up to million-dollar revenues, I perceive firsthand the challenges of beginning and scaling a small enterprise. Because the founder and former CEO of a nationwide girls’s platform, Walkers Legacy, I do know the challenges of funding and offering ongoing and aligned instructional help, coaching, and neighborhood for enterprising girls. And, as a former Chamber CEO, I perceive the challenges of navigating the intersections of private and non-private sectors to attain financial outcomes.”
With a storied entrepreneurial background, she reportedly introduced a wealth of knowledge to the White Home function, and has been credited for rising the SBA’s footprint whereas being on the helm. Her appointment was a sign of Biden’s vow to enhance racial fairness within the US upon taking workplace in January 2021.
Ron Busby, chief govt officer of the US Black Chambers Inc., spoke extremely of Madeira Cofield and highlighted her pivotal function in supporting Biden’s efforts. “It was vital for us to work with the administration to alter the insurance policies,” Busby mentioned. “Natalie was very concerned in that.”
Bloomberg reported that Madeira Cofield has laid plans to help “the variety of Black girls beginning a enterprise.”
Her group on the White Home famous she was instrumental in transferring the needle on actions that positively impacted underrepresented teams. “Her tireless efforts throughout her tenure have allowed the Workplace of Ladies’s Enterprise Possession and the U.S. Small Enterprise Administration to make exceptional strides in uplifting girls leaders,” Tene Dolphin, govt director of the Nationwide Ladies’s Enterprise Council mentioned in an announcement.