"The business community wants to see that the mayor and this administration is serious about economic growth. And the quickest way to show that is to fill this role."
"The Economic Development Corporation, or EDC, is one of the city's most powerful pro-business entities, with relatively unchecked power to manage city-owned land and distribute corporate tax breaks."
"Walker described the EDC head as 'the person who is supposed to be getting up every day and thinking about how New York City is going to create more jobs.'"
"Mamdani has said he wants to remake the agency in his own image."
Three months into Mayor Zohran Mamdani's term, the Economic Development Corporation lacks a new leader following Andrew Kimball's resignation. Business leaders express concern over the delay, questioning the mayor's commitment to economic growth and job creation. The EDC, a powerful pro-business entity, manages city-owned land and distributes tax breaks. Its nonprofit status allows for significant influence without typical government oversight. Mamdani aims to reshape the agency, seeking a leader focused on job creation, contrasting with business leaders' expectations for immediate action.
Read at Gothamist
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