Lina Khan Appointed to New York Economic Development Board 2026

Lina Khan, former Federal Trade Commission chair, has been appointed to lead New York City's Economic Development Board (EDB), signaling a major shift in the city's economic strategy. Mayor Zohran Mamdani announced the appointment alongside the selection of Tony Shorris to head the Economic Development Corporation (EDC). These appointments bring together antitrust expertise and deep municipal experience to reshape how New York manages its economic growth.

Why Lina Khan's Appointment Matters

Khan gained national prominence as the youngest FTC chair and the first of South Asian descent. Her focus on antitrust and antimonopoly enforcement made her a controversial yet influential figure in Washington. Now she brings that perspective to New York's economic development. Khan described the role as a “deep honor” and emphasized the need for “resourceful and innovative” use of agency tools to deliver an “affordable, efficient, and resilient” economy.

The Economic Development Board and EDC

New York City's EDC is a non-profit that serves as the city's official economic development agency, overseeing more than 60 million square feet of property. Its capital division manages roughly 100 active projects representing about $6 billion in construction investment. The EDB, which Khan will chair, provides oversight and strategic direction. Together, these bodies influence everything from commercial real estate to job creation.

Tony Shorris: A Veteran Returns

Tony Shorris, a partner at McKinsey & Co., first joined New York City government in 1979 — more than a decade before Mamdani was born. His return to public service as EDC president brings decades of experience in urban management. Shorris said he was inspired by Mamdani's vision and the “values that animated his campaign.” The pairing of Khan's antitrust background with Shorris's operational know-how could reshape how the city approaches development deals.

Key Differences Between Khan and Shorris

What This Means for New York Businesses

The appointments signal a shift toward more aggressive oversight of corporate concentration and a renewed emphasis on public benefit in development projects. Businesses operating in New York should expect greater scrutiny of mergers, land use deals, and contracting practices. The EDC's large property portfolio also means changes in how city-owned assets are leased or developed.

• Increased antitrust enforcement — Khan's background will likely influence city-level merger reviews and lease terms.
• More public accountability — Expect transparency requirements for large development projects.
• Focus on affordability — Both appointees have stressed making the city's economy more inclusive.
• Operational shake-up — Shorris may bring private-sector efficiency to government processes.

Reactions and Next Steps

The appointments have drawn mixed reactions. Supporters praise the pairing of a sharp antitrust advocate with a seasoned administrator. Critics worry that Khan's aggressive approach could deter investment. Mamdani's office has stated that the new team will prioritize “good jobs, affordable space, and sustainable growth.” The EDC board is expected to formalize both appointments in the coming weeks.

FAQ

For businesses and residents alike, these appointments mark a pivotal moment in New York's economic direction. Watch for new policies that blend antitrust vigor with pragmatic administration.