Business & Finance
Mayor Zohran Mamdani names 15 members to New York City Business Advisory Council
The panel of business, finance, and industry leaders will meet quarterly to advise the administration on economic policy.
The short version
- New York City Mayor Zohran Mamdani appointed 15 executives and industry leaders to the city's new Business Advisory Council.
- The council is tasked with advising the administration on economic development policy across sectors like finance, technology, real estate, and healthcare.
- The appointments follow criticism from the City Council and business figures over delays in setting up economic advisory roles and prioritizing business growth.
Key facts
- Mayor Zohran Mamdani appointed 15 leaders to New York City's Business Advisory Council on Thursday, including executives from Amalgamated Bank, Etsy, RXR, and Chobani, as well as restaurateur Marcus Samuelsson.[Business Insider]
- The newly established council will meet quarterly with Mayor Mamdani and Deputy Mayor for Economic Justice Julie Su to advise on economic development policy.[Business Insider]
- Mamdani's administration has faced criticism from business leaders and City Council members who expressed concerns that the administration is not sufficiently prioritizing business growth, particularly in the tech sector.[Business Insider]
- The city recently reported 4,852,400 jobs in July, though its unemployment rate of around 5% remains higher than the national average.[Business Insider]
- Prior to the council's formation, Mamdani appointed Anthony Shorris as president and CEO of the Economic Development Corporation and installed former FTC Chair Lina Khan as head of its board.[Business Insider]
Sources
- See who Mamdani chose for his business advisory council: CEOs, Wall Street leaders, and a chefBusiness Insider metered