Yes, Mamdani just made a business-basher his NYC ‘economic development’ czar
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Yes, Mamdani just made a business-basher his NYC ‘economic development’ czar
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For the first six months of Mayor Zohran Mamdani’s tenure, the leadership of New York City’s Economic Development Corporation remained a question mark.
Last week he answered that question — and raised even more.
Mamdani appointed Lina Khan, President Joe Biden’s notorious antitrust crusader, to chair the EDC’s board, and selected Anthony Shorris, a former first deputy mayor under Bill de Blasio and current partner at McKinsey & Co., as EDC president.
Former mayors used the EDC as a vehicle for growth, investment and job creation.
Khan’s appointment signals that Mamani, in contrast, plans to wield it as a lever to remake the city’s economy in a progressive mold.
And as Gotham struggles to compete against fast-growing, low-tax Sun Belt cities, Khan’s influence could make New York even less business-friendly.
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For years, the EDC’s primary ambit has involved overseeing real estate development and public-private partnerships within the city.
Because it operates under more flexible procurement and staffing rules than the infamously ossified city government does, it can move faster to pursue deals and complete projects.
Hudson Yards, the new Yankee Stadium and the........
