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Councils and committees

Learn about the groups helping SBA deepen our engagement with small businesses by providing input and making recommendations.

National Small Business Development Center Advisory Board

Investment Capital Advisory Committee

Small Business Lending Advisory Council

National Women’s Business Council

Cherie Edilson is the CEO and Founder of Member Marketplace, Inc., a platform that empowers small businesses to thrive through community-based online marketplace programs. With a mission to strengthen local economies by providing digital and e-commerce tools that help businesses grow and reach new customers, Member Marketplace has supported more than 3,500 small businesses across the U.S. Cherie has collaborated with a wide range of organizations, including Small Business Development Centers (SBDCs), chambers of commerce, Main Street programs, and local and state economic development agencies.

Cherie’s entrepreneurial journey began 13 years ago as a micro-entrepreneur, crafting handmade products and gaining customers through local farmers markets. Those humble beginnings gave her valuable insights into the challenges of starting and growing a small business and navigating local business resource networks. Today, Cherie coaches and trains early entrepreneurs in starting their businesses and selling online. Having grown a startup herself, she has developed expertise in state-funded programs, access to capital, venture capital, startup ecosystems, resource partners, and broader economic development initiatives.

Cherie is passionate about supporting small businesses and fostering entrepreneurship. She is an Alumni Ambassador for the Goldman Sachs 10,000 Small Businesses Program, where she advocates for small business growth. She also serves on the Business Support Innovation Council for her local Economic Alliance, contributing to initiatives that promote small business and community development.

Outside of her professional work, Cherie volunteers with organizations like Junior Achievement, mentoring young people in entrepreneurial skills. She enjoys spending time with her family, including her four children, and encouraging their own entrepreneurial spirit. Cherie holds a Master’s degree from the University of Northern Iowa.

Lea was appointed to the Arizona Corporation Commission by Governor Doug Ducey in May of 2019. The Corporation Commission regulates the state’s utility services and the incorporation of businesses. She is the first Latina to serve in a statewide seat in the state of Arizona.

Lea has been an entrepreneur in her community for many years and served as the President/ CEO of the Tucson Hispanic Chamber from 2009 until November of 2018. The Tucson Hispanic Chamber serves the business community in the bilingual, bi-cultural region of the Arizona- Sonora border and was recognized as the Hispanic Chamber of the Year in 2013 by the U.S Hispanic Chamber of Commerce. The chamber represents over 1800-member businesses and in partnership with the Arizona Chamber of Commerce and Industry is one of the largest chambers in the State of Arizona.

She ran for Congress in Arizona Congressional District 2 in 2018 and won a competitive primary race though lost the general election. She previously served as the Executive Director for Greater Tucson Leadership (GTL) from 2005 to 2009 and owned and operated a Business Brokerage Firm from 2005 to 2009 and a chain of six gasoline stations / convenience stores with fifty employees from 1998 to 2005 in the Tucson region.

She has been appointed to serve on the Arizona Judicial Council which advises the Arizona Supreme Court, and the Arizona Finance Authority, the state’s bonding authority. She chairs the Board of Directors of Carondelet’s St Mary’s and St Joseph’s Hospitals in Tucson and is the former Chair of the Pima Association of Governments Economic Vitality Committee. She serves on the Boards of the University of Arizona Foundation and the Pima County Workforce Investment Board and is the President of the National Association of Women Business Owners in Tucson. She also formally served on the national board for the United States Hispanic Chamber of Commerce and the National Women’s Business Council.

She received her undergraduate degrees in Marketing and Entrepreneurship from the University of Arizona, and her master’s in business administration from Pepperdine University.

SBA’s Office of Investment and Innovation established the Investment Capital Advisory Committee (ICAC) in 2022. The ICAC seeks to promote, expand, and strengthen lower-to-upper middle market private investment funds financing U.S. small businesses and startups. This applies particularly to small businesses and startups that are heavily under-allocated, growth oriented, or operating a component-level technology and/or production process in a DoD-designated Critical Technology Area. Key committee focus areas include:

  • Promoting awareness of SBA investment programs,
  • Fostering public-private engagement, and
  • Addressing long-term capital access gaps for small businesses, startups, and their supporting investment managers.

All meetings are open to the public.

If you are interested in serving on the Investment Capital Advisory Committee, please email a letter of interest with applicable information about your relevant experience.

The ICAC released an inaugural report, the 2024 Report to the Administrator of the U.S. Small Business Administration, which highlights three recommendations relating to SBA’s role in:

  • The patient capital investment ecosystem,
  • Expanding existing patient capital strategies, and
  • Modernizing SBA patient capital program management.

Alice Beverly Cole’s career spans legal, investment banking, manufacturing, entertainment, federal service, and entrepreneurship. Her employers included Union Carbide, Eastman Kodak, Walt Disney, Office of Thrift Supervision, FDIC, and the SBA. Beverly’s congenial manner and contagious smile have worked in her favor, supporting her collaborative approaches to problem solving. 

She has received accolades throughout her career for structuring complex investment banking, real estate transactions, and in mergers and acquisitions while at Eastman Kodak. During her tenure with Walt Disney, her executives supported her team’s efforts in strategic sourcing and vendor/ supplier inclusion. The company and Beverly received US Senatorial, Congressional, State, County, local, and international recognition for achievements in real estate construction, hospitality, packaging, technology, and entertainment areas. Beverly utilized quantitative methods to present suggested approaches, always showing cost savings, increased corporate revenues, increased customer attendance, and positive media coverage as her goals.  

Beverly is a native Virginian who graduated from Boston University, Fordham Law School, and University of Penn (The Wharton School). She has served as a consultant and sits on several public, private, and non-project boards. She has held Governor and State appointments. Beverly has been a nationally and internationally sought-after speaker on various topics, including supplier/vendor inclusion, sustainability, health care, and wealth creation. The Secretary of Interior recently appointed her to the board of the National Park Foundation. 

Beverly is a board member with Bank OZK and Founders First Capital Partners and a consultant to other small emerging impact funds. Beverly serves as the Manager of her family’s real estate business and leads a nonprofit fostering her passion for sharing her family’s knowledge on wealth building, real estate, and board service. 

Brett Palmer has led the association representing the Small Business Investment Companies (SBIC) and the institutional Limited Partners that invest into SBICs for over 15 years.  He is a leading authority on SBICs and small business investing. Mr. Palmer has a deep background in public and economic policy, having served as Assistant Secretary of Commerce for Legislative and Intergovernmental Affairs, Deputy Assistant Secretary of Commerce for Trade Legislation, and as Congressional staff, including service in the Policy Office for the Speaker of the House. 

Mr. Palmer holds a degree in history from Davidson College. 

Supplemental information

Contact us

For general information:

U.S. Small Business Administration
Office of Investment and Innovation
409 3rd St., SW
Washington, DC 20416
Email: ICAC@sba.gov

The National Women’s Business Council is a non-partisan federal advisory council serving as an independent source of advice and counsel to the President, Congress, and the U.S. Small Business Administration. The Council is the government’s only independent voice for women entrepreneurs, tackling important and relevant economic issues.

Learn more about the National Women’s Council.