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Aída M. Álvarez (born 1950) is an American businesswoman, journalist, and politician. She previously served as the 20th Administrator of the Small Business Administration under President Bill Clinton from 1997 to 2001. A member of the Democratic Party, Álvarez was the first Hispanic and Latino American woman ever to serve in a presidential cabinet.
Álvarez applied and was accepted at Radcliffe College of Harvard University, where in 1971 she earned her Bachelor of Arts degree, graduating cum laude. During her student years, many people provided her with support.
Álvarez ventured into the banking business by becoming an investment banker at the First Boston Corporation and at Bear Stearns. As a public servant, she spent two years at the NYC Health and Hospitals Corp. She was also a commissioner on the New York City Charter Revision Commission and a member of the Mayor's (NYC) Committee on Appointments. In June 1993, Álvarez was named Director of the Office of Federal Housing Enterprise Oversight. She created a financial safety and soundness oversight program for Fannie Mae and Freddie Mac.
In 2000, Álvarez was elected to the Board of Overseers of Harvard University. Her role is to visit the graduate schools, departments, and museums of the university to ensure that the university remains true to its Charter as a place of learning. She also serves on the National Trust for Historic Preservation, the Coalition for Supportive Housing, and the Board of Trustees of the Latino Community Foundation.
During the 2004 Presidential Election, Álvarez was named the official spokeswoman for Senator John Kerry. Álvarez had met Kerry during her days as the Small Business Administration administrator. She became familiar with his work in the U.S. Senate on small business development. As of January 2008, Alvarez sits on the board of directors for Wal-Mart. As of 2014, Álvarez sits on the Board of Directors of The Cisneros Center for New Americans.
Álvarez has been featured in many magazines, among them "Latina Style", and is featured in the book "Hard Won Wisdom" by Fawn Gerner, where she is quoted as saying:In August 2019, Álvarez was appointed to the Board of Directors of the software company Fastly. She replaced Gil Penchina as a member of the Compensation Committee of the Board and as the Chair of the Nominating and Corporate Governance Committee.
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