DENVER – The Colorado Office of Economic Development and International Trade (OEDIT) has named Azarel Madrigal as Director of the Minority Business Office (MBO). She will be leading the office’s efforts to increase economic opportunity for minority, women, and veteran entrepreneurs across the state. Madrigal began her new role on May 28.
“We are thrilled to welcome Azarel Madrigal to OEDIT. Her passion for supporting underserved communities, understanding of access to capital issues, and connectivity to the communities across Colorado make her a great leader for the Minority Business Office. Her experience at Senator Hickenlooper’s Office and at First Southwest Community Fund will be incredibly valuable additions for this director position,” said Eve Lieberman, Executive Director of OEDIT.
Before joining OEDIT, Madrigal served as a Regional Director for Senator Hickenlooper’s Office where she supported South Central Colorado and worked hard to ensure rural communities were well represented in policy conversations. Madrigal also served as the Executive Director for the First Southwest Community Fund. She oversaw an impact loan fund aimed at supporting entrepreneurs and fostering equitable access to capital for underserved communities. Her leadership has been instrumental in driving positive change and creating opportunities for individuals who have historically faced barriers to financial resources.
“Azarel’s experience representing underserved communities exemplifies the leadership and compassion needed for this role. We are so excited to have her join the Minority Business Office and look forward to seeing all she’ll accomplish in her time here,” said Nikki Maloney, Director of Business Support.
Notably, Madrigal is one of 30 Colorado business executives and community leaders named a 2023-2024 Colorado Governor's Fellow. The program provides private and nonprofit sector leaders the opportunity to deepen their understanding of state government and statewide public policy issues. She also completed a nine-month Boettcher Foundations Doers & Difference Makers Fellowship—a prestigious program designed to recognize, honor, empower and establish valuable connections among exceptional community leaders throughout Colorado. Madrigal has also served on many advisory committees and boards.
“By promoting equitable access to resources and improving the lives of marginalized communities we continue to grow a strong and sustainable Colorado. I am thrilled to be joining the OEDIT team and to lead the Minority Business Office,” said Azarel Madrigal.
In recognition of her outstanding achievements, Madrigal was honored with the title of “Exceptional New Alumna” by her alma mater in 2022, showcasing her dedication to personal and professional growth. She holds a Master’s Degree in Public Administration from Adams State University in Alamosa.