The EDC president and CEO on running an $850M operation, courting life- science tenants and his love of cooking
James Patchett (Credit: Axel Dupeux)
James Patchett is the president and CEO of the New York City Economic Development Corporation, the city’s quasi-independent nonprofit with an annual budget of nearly $850 million. The 38-year-old Amherst College and Stanford Graduate School of Business alum took over the agency in early 2017 after serving as chief of staff to Deputy Mayor for Housing and Economic Development Alicia Glen. He was part of the team that pushed mandatory inclusionary housing through the City Council and worked on the city’s $201 million sale of the Riverton housing complex in 2015 to A E Holdings, negotiating to keep 975 units affordable there for 30 years. He previously worked under Glen as vice president at Goldman Sachs’ Urban Investment Group. A few of the projects Patchett is overseeing at EDC include the launch of the NYC Ferry program, the city’s $500 million investment in the life-sciences industry and infrastructure investments in Coney Island.
Patchett, who spent his childhood in New Jersey and his teenage years in Ohio, is a die-hard Boston Red Sox fan, a home chef and consumer of high-grade black tea. He lives in Crown Heights with his wife, Wall Street Journal reporter (and former editor at The Real Deal) Candace Taylor, and their two children.
6:45 a.m. My whole getting-ready process happens in about 15 minutes. It’s not that hard: Is [my suit] going to be gray or blue? My shirt上海千花网论坛