Rosa Gumataotao Rios is a distinguished American academic and public servant whose career has been marked by significant contributions to economic development and public finance. Rios began her professional journey as a Development Specialist for the City of San Leandro in 1994, where she quickly established herself as an expert in economic redevelopment. Her work in Northern California cities, including Union City and Oakland, showcased her ability to drive economic growth and community revitalization, ultimately leading her to become the Director of Redevelopment and Economic Development for Oakland in 2003.
In 2008, Rios played a pivotal role in the Obama campaign, developing strategies that successfully mobilized Latino voters in Virginia, a key demographic in the election. Her expertise in finance and public policy led to her appointment to the Treasury-Federal Reserve transition team during the financial crisis, where she contributed to critical recovery efforts. In 2009, Rios was nominated by President Obama to serve as the Treasurer of the United States, becoming the first Hispanic woman to hold this position. During her tenure, she oversaw the Bureau of Engraving and Printing and the U.S. Mint, managing the production of currency and coins while implementing the American Recovery and Reinvestment Act.
Rios’s innovative approach to currency redesign included the first-ever nationwide public engagement process, demonstrating her commitment to transparency and community involvement. After stepping down in 2016, she continued to influence public policy as a visiting scholar at the Radcliffe Institute for Advanced Study and as a board member for Ripple Labs, where she leverages her extensive experience in finance and economic development.
Recognized for her achievements, Rios received the Hamilton Award upon her resignation from the Treasury, the highest honor in the department. Her portrait was unveiled at Harvard University, marking a historic moment as the first portrait of a Hispanic female to hang in Harvard College. Rios’s career exemplifies her dedication to public service and her impactful contributions to the fields of finance and economic development.