Aída Álvarez

Alvarez was born in Aguadilla, Puerto Rico, into a family of modest economic means who, despite their hardships, always encouraged her to pursue her dreams. After she received her primary education in Puerto Rico, her family moved to New York City in hopes of improving their economic situation. In New York, she attended high school and participated in a program called "ASPIRA". "ASPIRA" was founded by Dr. Antonia Pantoja and has helped disadvantaged children, especially girls, gain the leadership skills and knowledge required to go to college.

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.

In 1997, Álvarez was appointed by Bill Clinton to become the Administrator of the Small Business Administration, thus becoming the first Hispanic woman and Puerto Rican to serve as an executive officer in the U.S. Cabinet. She directed the delivery of a comprehensive set of financial and business development programs for American small businesses. The agency provided financing worth eleven billion dollars a year to small businesses across the nation.

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.

Alvarez is married to Raymond Baxter, a senior Vice President at Kaiser Permanente. They have two daughters.