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Holloway to help lead Murphy's Wealth Disparity Task Force

University President Jonathan Holloway will be 1 of the 4 leaders of the Wealth Disparity Task Force, which will advise the New Jersey administration on ways to address wealth inequality in the state. – Photo by Nick Romanenko / Rutgers

University President Jonathan Holloway will be 1 of 4 to lead Gov. Phil Murphy’s (D-N.J.) Wealth Disparity Task Force, according to a press release.

First announced in Murphy’s State of the State Address in January 2020, the task force will advise the state on strategies for addressing wealth inequality, specifically the racial wealth gap, in New Jersey by studying its causes and effects, according to the release.

Holloway will lead alongside Lt. Gov. Sheila Oliver (D-N.J.), Department of Banking and Insurance Commissioner Marlene Caride and Council of New Jersey Grantmakers President and CEO Maria Vizcarrondo, according to the release.

“Lt. Gov. Oliver, Commissioner Caride, Dr. Holloway and … Vizcarrondo are the right choices to lead the Wealth Disparity Task Force,” Murphy said. “As esteemed and experienced leaders in government and education, they are well qualified to tackle this issue and advocate for the inclusion of all in prosperous future of our state.”

The four will be joined by other government officials, academics and faith and community leaders, who will be announced at a later date, according to the release.

“I am flattered to have been asked to co-chair this critical task force,” Holloway said. “I am encouraged by the challenge to take a broad multi-disciplinary approach to the complicated causes of the racial wealth gap and excited by the governor’s charge to suggest meaningful and realistic remedies and solutions to close that gap.”

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