De Blasio Appoints Chairman of NYCEDC Board of Directors

Mayor Bill De Blasio appointed Michael Schlein as Chairman of the 27-member board that oversees the city’s primary economic development engine.

Schlein’s official title will be Chairman of the New York City Economic Development Corporation (NYCEDC) Board of Directors. De Blasio credited Schlein as a man who knows first-hand how to develop economic initiatives.

“Our administration is committed to building an economic development agenda that helps lift up every resident,” de Blasio said in a release.

Schlein currently works as President and CEO at Accion, a global nonprofit that focuses on building micro-finance institutions and helps start-ups. Prior to that, Schlein worked for nearly 30 years in international banking, management, and public service.

“I am thrilled by this challenge and opportunity, and I look forward to working with my colleagues at EDC to help increase economic mobility and opportunity for all New Yorkers,” Schlein said.

To read more about Schlein, visit accion.org.