Overview
- Lina Khan, former chair of the Federal Trade Commission and a close adviser to Mayor Zohran Mamdani, was named to lead the New York City Economic Development Board in an announcement made Wednesday.
- Anthony Shorris, a longtime city official and current McKinsey partner, is expected to be appointed president and CEO of the New York City Economic Development Corporation to run day-to-day operations.
- Mamdani framed the duo as complementary with Khan strengthening board scrutiny of major projects and incentives and Shorris managing large development deals and investor relations.
- The EDC board approves major projects such as Hudson Yards, the High Line, the Cornell Tech campus, and the city ferry system, so new leadership could change how incentives and contracts are reviewed.
- Business groups publicly welcomed Shorris’s expected selection while Khan’s antitrust background has prompted attention about tougher review of developer deals and what that could mean for housing and jobs policy.