With 2 Hires, Mamdani Blends Economic Development With Economic Justice
Anthony E. Shorris, a former deputy mayor and a partner at McKinsey, and Lina Khan, the former chair of the Federal Trade Commission, will lead the city’s Economic Development Corporation.
The appointment of Anthony E. Shorris and Lina Khan to lead the city's Economic Development Corporation marks a significant shift in the city's approach to economic development. With Shorris' background in municipal leadership and Khan's experience in promoting economic justice through her work at the Federal Trade Commission, this duo brings a unique blend of expertise to the table. Their combined experience suggests that the city is looking to prioritize not just growth, but also fairness and equity in its economic development strategies.
This move is notable in the context of ongoing national conversations about economic inequality and the role of government in promoting social justice. The city's decision to bring in Khan, a prominent voice on issues of economic concentration and antitrust policy, signals a commitment to addressing these issues at the local level. Meanwhile, Shorris' experience in municipal leadership and his work with McKinsey could help bring a more nuanced understanding of the city's economic needs and opportunities.
As the city begins to implement its new economic development strategy, it's worth watching how Shorris and Khan balance competing priorities and navigate the complex landscape of local politics and economic policy. Will their approach prioritize support for small businesses and marginalized communities, or will it focus on attracting large-scale investments and jobs? The success of their efforts will likely have implications for the city's economic trajectory and its residents' quality of life.
Originally reported by nytimes.com. MyNews adds analysis for general news readers.