Ex Mayor Michael Nutter To Lead US Treasury Racial Equity Committee

PHILADELPHIA — Former Philadelphia Mayor Michael Nutter is taking his experience to the national level to aid communities and people of color.

The United States Department of Treasury recently announced its new committed to advance racial equity in the economy and address acute disparities for communities of color.

Among the 25 inaugural members is Nutter.

Nutter, who served as Philadelphia mayor from 2008 to 2016, will chair the committee.

"I am deeply honored to have been asked to serve, and provide leadership, for this inaugural effort," Nutter, 65, said. "Equity, combined with opportunity, can mean prosperity for all Americans, and especially for so many of us who are members of communities of color."

The committee seeks to of identify, monitor, and review aspects of the economy that have directly and indirectly resulted in unfavorable conditions for communities of color.

To that end, the committee plans to address topics such as financial inclusion, access to capital, housing stability, federal supplier diversity, and economic development.

"The creation of this Committee is a shining example and testament to the commitment of Secretary Yellen, Deputy Secretary Adeyemo, Counselor Bowdler, and so many others in the Treasury Department who are focused on the task at hand - how do we find, focus and factor into programs and policies the issue of racial equity," Nutter said. "Secretary [Janet] Yellen and Deputy Secretary [Wally] Adeyemo have truly created an esteemed group of professionals, practitioners and partners in the struggle for racial and economic equity, and I cannot wait to get to work."

Members will serve a two-year term and will work alongside Treasury’s Counselor for Racial Equity, Janis Bowdler.

The committee’s charter is established under agency authority and in accordance with the Federal Advisory Committee Act.

Inaugural Treasury Advisory Committee on Racial Equity Members:

• Michael Nutter, David N. Dinkins Professor of Professional Practice in Urban and Public Affairs, Columbia University and former Mayor of Philadelphia (Chair)
• Felicia Wong, President and Chief Executive Officer, The Roosevelt Institute (Vice-Chair)
• Nicole Anand, Deputy Director, Inclusive Action for the City
• Janie Barrera, President and CEO, LiftFund, Inc.
• Nicole Borromeo, Executive Vice President & General Counsel, Alaska Federation of Natives
• Dorothy Brown, Martin D. Ginsburg Chair in Taxation and Professor of Law, Georgetown University
• William (Bill) Bynum, Chief Executive Officer, Hope Enterprise Corporation, Hope Federal Credit Union, Hope Policy Institute
• David Clunie, Executive Director, Black Economic Alliance
• Gary Cunningham, President & CEO of Prosperity Now
• Nicole Elam, President and Chief Executive Officer, National Bankers Association (NBA)
• John Friedman, PDBF Distinguished Professor of Economics and International and Public Affairs, Brown University
• Gilbert Garcia, Managing Partner, Portfolio Manager, Garcia Hamilton & Associates, L.P.
• Bulbul Gupta, President & CEO, Pacific Community Ventures
• Darrick Hamilton, University Professor and Henry Cohen Professor of Economics and Urban Policy, The New School
• Michael McAfee, President and CEO, PolicyLink
• Michael Miebach, CEO, Mastercard
• Gina Nisbeth, Founder and President, 9th & Clinton Advisory
• Lorella Praeli, Co-President, Community Change & Community Change Action
• José Quiñonez, Founding CEO, Mission Asset Fund
• Carlos Rangel, Chief Investment Officer, W.K. Kellogg Foundation (WKKF)
• Valerie Red-Horse Mohl, Co-Founder, Known Holdings & CFO, East Bay Community Foundation
• Amanda Renteria, Chief Executive Officer, Code for America
• John Rogers, Founder, Chairman & Co-CEO, Ariel Investments
• Chiling Tong, President and Chief Executive Officer, National Asian/Pacific Islander American Chamber of Commerce & Entrepreneurship (National ACE)
• Barika Williams, Executive Director, The Association for Neighborhood Housing & Development (ANHD)