Can Lina Khan Make Peace With New York’s Business Community?

New York City Mayor Zohran Mamdani appointed Lina Khan as chair of the NYC Economic Development Corporation.

Khan is seen by Wall Street and Big Tech as hostile to business due to her past role at the FTC during the Biden administration.

Mamdani also appointed Tony Shorris as EDC president and CEO, viewed by business leaders as more of an ally.

The dual appointments send mixed signals about the agency's direction, according to Partnership for NYC CEO Steven Fulop.

The EDC manages city-owned land, tax incentives, and financing subsidies for large-scale development projects.