Mark Madrid, the CEO of the Latino Business Action Network (LBAN), has been named associate administrator for the Office of Entrepreneurial Development at the Small Business Administration (SBA).
The announcement was made by LBAN Chairman Victor Arias Jr. during the sixth annual State of Latino Entrepreneurship Forum.
Madrid will report directly to Isabel Guzman, president’s Joe Biden choice to be SBA administrator and he’s expected to depart LBAN on Feb. 11.
Mark Madrid is currently the CEO of LBAN, a non-profit 501(c)(3) organization focused on strengthening America through funding Latino research and education impact programs at Stanford University, according to his Linkedin’s profile.
“Mark, we will miss you and we let you go with sadness but tremendous pride and gratitude. We know that you will be supporting our entrepreneurs from a much broader platform,” Arias said last Friday during the annual State of Latino Entrepreneurship Forum, which is hosted by LBAN and the Stanford Latino Entrepreneurship Initiative (SLEI).
Previously, Mark served as President/CEO of the Greater Austin Hispanic Chamber of Commerce, the 2015 United States Hispanic Chamber of the Year. Prior to serving in nonprofit executive roles, Madrid enjoyed a flourishing career in banking that began on Wall Street in 1995 with J.P. Morgan.
“The USHCC is proud of Mark Madrid’s appointment to serve our country as the new Associate Administrator for the Office of Entrepreneurial Development at the Small Business Administration,” Ramiro A. Cavazos, President and CEO of the United States Hispanic Chamber of Commerce said in a statement.
“Mark has been a longtime champion and passionate expert on scaling small Latino and Latina owned businesses. We look forward to working closely with Mark in his new role to effectively generate a greater impact for our USHCC members who need support growing and creating jobs for our future economy dependent on the success of our Latino and Latina entrepreneurs”, Cavazos added.
According to his Linkedin’s profile, Mark holds a BBA from the University of Texas at Austin McCombs School of Business, where he graduated with Honors and earned the designation as an Endowed Presidential Scholar.
He graduated Cum Laude with a Master in Nonprofit Administration from the University of Notre Dame Mendoza College of Business. He is an alumnus of the Stanford Latino Entrepreneurship Initiative Education Scaling Program. Latino Leaders Magazine named Mark one of the nation’s top Latinos in the areas of finance and nonprofits.