Observer reports:

Baraka announced the Newark 2020 initiative today following the release of a new report by the New Jersey Institute for Social Justice that found a wide economic disparity between the city’s residents and the large corporate workforce that commutes in and out of Newark every day.

Newark residents hold 18 percent of the jobs in the city, a low rate compared with other cities of similar size across the country, according to the report, and although the population is majority black and Latino, 60 percent of the city workforce is white…