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Economic Development Corporation

All articles tagged with #economic development corporation

Mamdani taps McKinsey veteran to steer NYC’s economic engine
business1 month ago

Mamdani taps McKinsey veteran to steer NYC’s economic engine

Mayor Zohran Mamdani appointed Anthony Shorris, a longtime public servant and McKinsey partner who previously worked on the firm’s canceled $9.9 million contract, to run the city’s Economic Development Corporation, signaling a return to private consulting for economic policy. Shorris’ background includes work on a controversial Rikers Island project, and his appointment renews scrutiny of revolving-door ties between government and consulting firms as watchdogs and skeptics warn against overreliance on outside firms—even as the city pursues incentives and grants to spur growth.

Khan and Shorris named to helm NYC economic agencies
business1 month ago

Khan and Shorris named to helm NYC economic agencies

Mayor Zohran Mamdani appoints Lina Khan as chair of the Economic Development Board and Tony Shorris to lead the Economic Development Corporation, signaling a major leadership shake-up of NYC’s economic agencies. Khan, the former FTC chair and Columbia Law professor, pledges an innovative, resourceful approach to building an affordable, efficient, and resilient city economy, while Shorris—veteran city official and current McKinsey partner—returns to public service to run the EDC. The agency oversees about 60 million square feet of property and roughly $6 billion in active construction, and the appointments come amid ongoing debate about the EDC’s alignment with business interests as NYC also grapples with a legionnaires’ disease outbreak.