Baruch Professor Testifies Before Congress

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New York, NY – July 16, 2007—Baruch Professor Hector Cordero-Guzman testified at a hearing of the U.S. House of Representatives Committee on Small Business on July 12 in Washington, DC.  He spoke on legislation affecting the Small Business Administration's Microloan and Program for Investment in Microentrepreneurs (PRIME) programs.  Professor Cordero-Guzman is the chairman of the Department of Black and Hispanic Studies in Baruch’s Weissman School of Arts & Sciences.

Professor Cordero-Guzman’s testimony was based on a paper he co-authored entitled, “The Question of Sustainability for Microfinance Institutions.”  The paper, which was published earlier this year in the Journal of Small Business Management, examines the difficulty microentrepreneurs have in accessing capital from mainstream financial lending institutions. He also mentioned Baruch students as examples of emerging entrepreneurs in his testimony on the reauthorization and amendments to the SBA microloan program.

Cordero-Guzman has taught courses in statistics and social science research methods; urban demographic, economic, and fiscal change; non-profit management; race and ethnicity; and migration processes and policies. Currently, he is completing a monograph analyzing the role of community-based organizations in the socio-politic-economic adaptation and incorporation of immigrants.

Last summer, Mayor Michael Bloomberg appointed Cordero-Guzman to the Temporary Commission on Day Laborer Job Centers. He also serves on the Board of Directors of several non-profits, including ACCION-New York, the largest micro-lending organization in the country, and the Community Service Society of New York, one of the oldest and largest anti-poverty groups in the country.  

Lara Moon
Communications & Marketing
(646) 660-6093