New York City Economic Development Corporation
Coverage of New York City Economic Development Corporation in the Nexus archive.
- Mamdani assembles an economic ‘dream team’ to redirect NYC’s powerful development arm toward affordability
Mayor Zohran Mamdani appointed Anthony Shorris as president and CEO of the New York City Economic Development Corporation (NYCEDC) and Lina Khan as its board chair to prioritize affordability initiatives, including city-run grocery stores. The leadership change aims to redirect the EDC’s focus from traditional development projects toward addressing housing and economic equity.
- The Knicks’ playoff run that ended in a championship and parade is worth at least $380 million to New York City
The New York Knicks' playoff run culminating in a championship generated an estimated $380 million in economic activity for New York City, including $90 million per home game during the Finals. The team's first ticker-tape parade followed, with over 10,000 NYPD officers deployed for security. This economic impact far exceeded the $57.6 million generated by the 2021 Milwaukee Bucks' championship.