Mark L. Madrid Appointed to the Advisory Council of the Hispanic Wealth Project

Former SBA Associate Administrator to Help Foster Entrepreneurial Growth

San Diego, 2 July 2024 — The Hispanic Wealth Project™ (HWP), a nonprofit 501(c)3 organization based in San Diego, is proud to announce the appointment of Mark L. Madrid as a new council member. Madrid brings a wealth of experience and a deep commitment to economic equity and empowerment to his role on the board.

The Chair of the Hispanic Wealth Project, Sara Rodriguez, expressed enthusiasm for Madrid's appointment, stating, "We are thrilled to welcome Mark Madrid to the council. His expertise and passion for economic equity align with our mission to empower Hispanic communities and promote financial prosperity. We look forward to the impactful contributions Mark will make to our organization."

Previously serving as the Associate Administrator for the Office of Entrepreneurial Development at the U.S. Small Business Administration (SBA), Madrid's extensive background in the public and private sectors positions him as a nationally acclaimed, trusted, and energetic leader joining the Hispanic Wealth Project. His leadership at the SBA reflects a dedication to supporting entrepreneurs across America and increasing opportunities for minority-owned businesses to thrive.

In his capacity as a council member of the Hispanic Wealth Project, Madrid will focus on advancing initiatives that promote financial education, empower Hispanic communities, and drive wealth creation among underserved populations. His appointment underscores the Hispanic Wealth Project's dedication to fostering inclusive economic growth and narrowing the wealth gap.

Prior to his tenure at the SBA, Mark Madrid distinguished himself as a dedicated leader in promoting economic equity. He served as the CEO of the Latino Business Action Network, where he collaborated with Stanford University on the Stanford Latino Entrepreneurship Initiative. This initiative aims to strengthen the U.S. economy by researching and supporting the growth of scaled Latino and Latina businesses nationwide.

Additionally, Madrid showcased his leadership skills as the CEO of the Greater Austin Hispanic Chamber of Commerce (GAHCC) from 2014 to 2017. Under his tenure, the GAHCC received recognition as the 2015 United States Hispanic Chamber of the Year, highlighting Madrid's commitment to fostering business excellence within the Hispanic community.

“I am highly energized and honored to join the Hispanic Wealth Project Advisory Council,” stated Madrid. “This esteemed council is dedicated to empowering Latinos to thrive in the U.S. economy, a mission that aligns deeply with my commitment to economic opportunity for all. The significant contributions of the U.S. Hispanic cohort to our GDP, home ownership, entrepreneurship, and labor force highlight our economic strength and vital role in the U.S. economy. In these challenging times, this narrative of resilience and prosperity takes on even greater importance. The council’s efforts not only empower U.S. Latinos but also fortify our nation and its economy. Simply put, it’s an American economic imperative.”

For more information about the Hispanic Wealth Project and its initiatives, please visit the Hispanic Wealth Project website.

About the Hispanic Wealth Project:
The Hispanic Wealth ProjectTM (HWP), a nonprofit 501(c)3 organization, is committed to empowering Latinos to fully participate and prosper in the U.S. economy through education, small business development, and sustainable homeownership.

Press Contact: