congressional_record: CREC-1998-10-21-pt1-PgE2267-4
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| granule_id | date | congress | session | volume | issue | title | chamber | granule_class | sub_granule_class | page_start | page_end | speakers | bills | citation | full_text |
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| CREC-1998-10-21-pt1-PgE2267-4 | 1998-10-21 | 105 | 2 | 144 | HONORING HOWARD F. SOMMER INSTITUTE FOR COMMUNITY LIVING AWARDEE | HOUSE | EXTENSIONS | HONORING | E2267 | E2268 | [{"name": "Edolphus Towns", "role": "speaking"}] | 144 Cong. Rec. E2267 | Congressional Record, Volume 144 Issue 151 (Wednesday, October 21, 1998) [Congressional Record Volume 144, Number 151 (Wednesday, October 21, 1998)] [Extensions of Remarks] [Pages E2267-E2268] From the Congressional Record Online through the Government Publishing Office [www.gpo.gov] HONORING HOWARD F. SOMMER INSTITUTE FOR COMMUNITY LIVING AWARDEE ______ HON. EDOLPHUS TOWNS of new york in the house of representatives Tuesday, October 20, 1998 Mr. TOWNS. Mr. Speaker, I rise today to honor Howard F. Sommer for service to the Brooklyn community, and congratulate him as a recipient of an Institute for Community Living award. Since late 1995, Howard Sommer has managed the New York Community Investment Company L.L.C. (NYCIC) as its President and CEO. NYCIC, an equity investment and loan fund established by the ten member banks of the New York Clearinghouse Association, provides growth capital to small businesses throughout New York and offers similar risk [[Page E2268]] capital to not-for-profits who contribute to economic and community development. NYCIC currently has over $25 million under management. Formerly, Mr. Sommer was a principal in several privately owned corporations involved in related funding activities to the business community. For twenty years, he served as President of U.S. Capital Corporation and Fundex Capital Corporation-managing in excess of $100 million in small business investments and loans. Mr. Sommer was also active in the federally administered Small Business Investment Company (SBIC) program. After several years as a board and executive committee member, he served as Chairman of the National Association of SBIC in 1994. During that time, he worked closely with the Congress, the Small Business Administration and the Investment Advisory Council to improve the federal government's efforts to assist small business on a national level. Earlier in his professional career, he held various management positions with IBM and XEROX corporations. Mr. Sommer holds a Bachelor's degree in Electrical Engineering form the City College of New York and attended NYU's Graduate School of Business. He serves as a director of several public and private business corporations and, with his wife Arlene, have a long history of involvement in charitable causes. He looks forward to continuing his support of the Institute for Community Living and the valuable services it provides to the people of New York City. Mr. Speaker, I would like you and my colleagues from both sides of the aisle to join me in honoring Mr. Howard F. Sommer for his invaluable service to the Institute for Community Living and the Brooklyn community. ____________________ |