Organizational Structure
Through annual contracts with the City of New York, NYCEDC acts as the representative of the City on economic development matters. It is not a City agency.
NYCEDC has 27 members who appoint themselves to NYCEDC’s Board of Directors. The Mayor directly appoints seven members, including the Chairperson. Ten additional members are appointed by the Mayor from nominees of the Borough Presidents and the Speaker of the City Council. Each Borough President nominates one member and the Speaker of the City Council nominates five. Ten members are appointed by the Chairperson from a list of persons approved by the Mayor.
Read more about this topic: New York City Economic Development Corporation
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