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HomeReal EstateIndustryAnthony Shorris expected to be named to lead NYC EDC

Anthony Shorris expected to be named to lead NYC EDC

The Economic Development Corporation seat has been vacant for several months, and the proposed pick comes amid concerns Mamdani could reshape the EDC’s role in attracting private capital for housing and infrastructure.

Commercial Observer reports that New York Mayor Zohran Mamdani is expected to name Anthony Shorris, a former first deputy mayor in the Bill de Blasio administration, to lead the New York City Economic Development Corporation (EDC). Several reports indicate the announcement could come Wednesday, after the EDC seat has been vacant for several months.

According to Commercial Observer, Shorris is currently a partner at McKinsey & Company and has previously held public-sector roles including executive director of the Port Authority of New York and New Jersey, and deputy chancellor of the New York City public school system. The outlet says Shorris and the EDC did not immediately respond to requests for comment.

Commercial Observer also notes that the New York Times, which is cited in the article, reported that Mamdani’s hiring conversations include input from sources close to the process. The outlet adds that the proposed appointment could be Mamdani’s way of addressing concerns among city business leaders.

The report says there were earlier worries that Mamdani might interfere with the EDC’s efforts to incentivize private capital investment for more housing and critical infrastructure improvements. It also states that after Mamdani took office at the start of the year, he circulated a memo calling for an overhaul of the EDC focused on better-quality affordable housing and job creation.

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