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AGENCY TESTIMONY
Introduction and overview of EDC's mission and role
0:04:49
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70 sec
Andrew Kimball, President and CEO of the New York City Economic Development Corporation (EDC), introduces himself and provides an overview of EDC's mission and role in the city's economic development. He emphasizes EDC's commitment to creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.
- EDC is described as a mission-driven, not-for-profit organization
- The testimony is given in the context of the fiscal year 2026 preliminary budget hearing
- Kimball highlights EDC's role in helping New York City navigate post-pandemic challenges and economic transformation
Andrew Kimball
0:04:49
Good afternoon, chair Fiergas and members of the economic development committee.
0:04:53
I'm Andrew Kimble, president and CEO of the New York City Economic Development Corporation and I'm here today with my Chief of Staff Jennifer Montalva.
0:05:01
We appreciate your leadership as chair of this committee as well as that of your colleagues in the City Council as partners on major development projects such as ULIP approvals for Willets Point or Sparks Kipps Bay or quality of life improvements such as the introduction of electric helicopters and ferry discounts for high school students.
0:05:19
I'm glad to have the opportunity to update you on the progress we've made over the last year and provide a bird's eye view of our work across the city.
0:05:26
EDC is a mission driven not for profit organization that works to create a vibrant, inclusive and globally competitive economy for all New Yorkers.
0:05:34
In the third year of this administration, our mission and strategic priorities continue to underpin the city's recovery.
0:05:40
Our work has helped New York City navigate a period of transformation, responding to the impacts of a pandemic and the challenges of our time, including changes to work patterns and industry and our housing and affordability crisis while continuing to build a robust and diversified economy that competes globally while creating opportunities for New Yorkers locally.