Updated
Updated · The New York Times · Jul 20
Mamdani Eyes McKinsey Partner Anthony Shorris for NYC Development Post as EDC Vacancy Tests Socialist Agenda
Updated
Updated · The New York Times · Jul 20

Mamdani Eyes McKinsey Partner Anthony Shorris for NYC Development Post as EDC Vacancy Tests Socialist Agenda

1 articles · Updated · The New York Times · Jul 20

Summary

  • Anthony E. Shorris, a former de Blasio deputy mayor now at McKinsey, is the leading candidate to become president of New York City’s Economic Development Corporation, according to five people familiar with the talks.
  • The pick would fill a glaring vacancy and reassure business leaders who feared Zohran Mamdani might redirect the agency away from its traditional use of real estate deals and tax incentives to attract private investment and jobs.
  • That tension has slowed the search because the EDC’s growth-focused mission sits uneasily with Mamdani’s democratic socialist politics and his criticism of capitalism.
  • On Jan. 2, incoming deputy mayor for economic justice Julie Su ordered every EDC program re-evaluated so the agency would pursue not only growth but also justice, underscoring the broader policy shift around City Hall.

Insights

Can a former McKinsey partner truly pivot NYC's economic engine toward social equity?
Will NYC’s new economic plan create affordable neighborhoods or just drive away its key job creators?
As Sun Belt cities boom, can New York's equity-focused model compete for high-wage jobs?