Natalie Madeira Cofield Set to Exit Biden Team to Return to the Private Sector

Photo Credit: Bloomberg

Bloomberg reports that Natalie Madeira Cofield, assistant administrator at the US Small Business Administration and one of the highest-ranking Black women in President Joe Biden’s administration, is leaving her role today, Friday 26th August, to return to the private sector.

Natalie was the first Black woman to lead the SBA's Office of Women's Business Ownership. Along with SBA Administrator Isabella Casillas Guzman, she served as co-chair of the organization's equity initiative. She also contributed to the creation of the SBA's $100 million Community Navigator Pilot Program, which aims to remove barriers for minorities to access government services like marketing, contracting, and financial aid that is essential for small companies.

Tene Dolphin, executive director of the National Women’s Business Council said in a statement.

Her tireless efforts during her tenure have allowed the Office of Women’s Business Ownership and the U.S. Small Business Administration to make remarkable strides in uplifting women leaders.

Natalie shared in a phone interview with Bloomberg that she plans to launch new entrepreneurial projects that will add to the number of Black women starting a business. Her exit coincides with the Women’s Equality Day celebration happening today.

You can read more here.