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Our Passion

The people who work at NYCEDC are passionate about NYC, committed to building a sustainable and inclusive economic future for the city, and excited to help bring our business programs, infrastructure projects, groundbreaking studies, and more to fruition.

There's no such thing as a typical NYCEDCer. We're experts in everything from urban planning to real estate to marketing and public relations, and everything in between. Check out the stories below to learn more about the individuals who move NYCEDC—and the city—forward.

CEO & President James Patchett. Photo by Alex Tutiven.

Our Leadership

James Patchett
President & CEO

The President and CEO of New York City Economic Development Corporation, James Patchett has spent his career building stronger cities through investments in affordable housing, innovation, and 21st century infrastructure. In his current role overseeing job growth and economic development for the City of New York, James taps into his deep experience in real estate, finance, government, and urban planning. During his tenure, he has overseen some of the city’s most ambitious projects, including launching a citywide ferry system, developing Mayor de Blasio’s 100,000 jobs plan, and optimizing NYCEDC’s 60 million square feet of real estate.

Prior to his appointment as NYCEDC President in 2016, James served as chief of staff to Deputy Mayor for Housing and Economic Development Alicia Glen, where he helped oversee more than 25 city agencies and played a pivotal role in preserving thousands of affordable homes. Before moving to City Hall, James was a vice president in Goldman Sachs’ Urban Investment Group, where he spent seven years providing equity and debt to projects ranging from commercial developments to housing to charter schools.

James currently serves on the board of the Prospect Park Alliance, the non-profit organization responsible for running and maintaining one of Brooklyn’s most beloved greenspaces.

James holds a BA in Economics from Amherst College and an MBA from Stanford University. He lives in Brooklyn with his wife and their two young children.

Fred D’Ascoli
Executive Vice President and Chief Financial Officer

Fred D’Ascoli was hired as NYCEDC’s Controller in 2015. Prior to joining NYCEDC Fred was the Controller and Deputy Chief Financial Officer at the New Jersey Transit Corporation. He has held positions as Assistant Treasurer, Budget Director, and Senior Director of Finance. He has experience in all areas of finance and he also has worked with NYCEDC's Human Resources, Management Information Systems, and Procurement teams and held a CPA certificate.

Lindsay S. Greene
Executive Vice President and Chief Strategy Officer

Lindsay serves as Chief Strategy Officer of the New York City Economic Development Corporation, where she guides corporate strategy and oversees economic analysis, business development, inclusive job growth and innovation strategies. Prior to joining NYCEDC, Lindsay Greene was Chief Strategy Officer for Economic Development & Housing in the New York City Mayor’s office, focusing on industry and job growth strategies, inclusive economic development and creating constructive regulatory systems (i.e. new industries like legal cannabis or certain tech fields). Prior to working for the City, she spent 4 years in senior management at food startups and 6 years in banking and private equity at Goldman Sachs. Lindsay holds a BA in economics from Harvard and an MBA from Yale School of Management. Outside of work, Lindsay also advises early-stage CPG and regulated-tech companies, mentors young women of color and, enjoys cooking and movies. She lives in Brooklyn with her wife and daughter.

James N. Katz
Executive Vice President and Chief of Staff

James oversees NYCEDC's Strategic Investments Group and its External Affairs Division, comprised of the Government and Community Relations, Public Affairs, and Marketing departments. He is also chiefly responsible for day-to-day management of the President’s Office. James previously served as Director of Policy and Planning, helping to manage NYCEDC’s transition to the de Blasio administration, and before that was Senior Advisor and Special Counsel to the New York State Attorney General, where he worked on matters related to nonprofit governance and public integrity. James holds a JD from Harvard Law School and a master's degree in Public Policy from the Harvard Kennedy School. He resides in Brooklyn with his wife and two children.

Rachel Loeb
Executive Vice President and Chief Operating Officer

Rachel Loeb is Chief Operating Officer of New York City Economic Development Corporation where she oversees and directs the Corporation’s strategic priorities for real estate, asset management, and planning. Prior to joining NYCEDC, Rachel was a senior executive member of World Wide Group, overseeing all aspects and phases of the development process. Before joining WWG, Rachel was a Senior Director of Development for AvalonBay, where she was responsible for the development of over 1,400 apartments. Rachel began her career in Ho Chi Minh City, Vietnam where she worked on the Saigon South development, an 8,000-acre new town community. She is a graduate of Northwestern University and the Massachusetts Institute of Technology where she earned a master's in City Planning. She lives in Brooklyn with her husband and two sons.

Elizabeth T. Arnaiz, AIA
Executive Vice President, Capital Division

Elizabeth leads a multidisciplinary team, comprised of engineers, architects, landscape architects, and technical project support staff, to deliver on a diverse portfolio of over 100 projects, representing nearly $6 billion in construction costs. The work implemented by the division provides critical citywide improvements, with particular focus on infrastructure, resiliency, open space, and civic projects. The team works closely with other City agencies to align on project goals, delivering projects to improve the quality of life for all New Yorkers. As a registered architect, Elizabeth brings expertise to design, construction and the built environment. During her time at NYCEDC, Elizabeth has led the planning and building improvements for Health + Hospital’s billion dollar resiliency program, the reconstruction efforts for Orchard Beach, design and coordination for NYCEDC’s headquarters, and other critical projects across CAP’s portfolio. Before joining NYCEDC, Elizabeth worked at the architecture firm Ennead Architects, focusing on healthcare and resiliency in New York City. She is a graduate of Williams College and Columbia GSAPP, where she earned a Masters of Architecture. She lives in Brooklyn with her family.

Eric A. Clement
Managing Director, Strategic Investments Group

Eric Clement leads the Strategic Investments Group at NYCEDC where he manages the New York City Industrial Development Agency (NYCIDA), Build NYC Resource Corporation, New York City Neighborhood Capital Corporation, and a suite of impact funds that invest across a variety of asset classes. These efforts help to drive inclusive economic development by unlocking access to finance, mobilizing private capital, and supporting the growth of strategic sectors. Eric led opportunities across multiple industries and product groups including investment banking, consulting, infrastructure, healthcare, retail, manufacturing, and telecommunications. Eric spent time working in London, sub-Saharan Africa, and the United States, most recently as a partner at Blue Frontier Group, an emerging markets private equity firm, SGI Global Holdings, Ltd., and various executive and management-level positions at Accenture, Plc, Citigroup and JPMorgan. Eric received his MBA from the University of Oxford with specializations in finance and strategy and his undergraduate degree from Lehigh University.

Lindsay Clinton
Executive Vice President, Industry and Innovation Group

Lindsay is the Executive Vice President of the Industry and Innovation Group at NYCEDC, leading a 30-person team that works to grow industries and the jobs of the future by launching incubators, enabling pilots, advancing partnerships, investing in new companies, building and strengthening networks, and providing flexible and affordable space to entrepreneurs. Previously, Lindsay worked with the Aavishkaar-Intellecap Group, a pioneering impact investing firm, focused on advancing entrepreneurship in Asia and Africa. Before that, Lindsay spent five years working for the think tank and consulting firm SustainAbility. Lindsay has been published in The Wall Street Journal, The New York Times, Fast Company, GOOD Magazine and the Guardian Sustainable Business. She teaches a graduate course at Parsons in New York on sustainable business models.

Spencer Hobson
Executive Vice President and Treasurer, Finance Group

Spencer oversees NYCEDC’s Finance Division, which includes the Accounting, Budget, and Grants Management departments. Previously, he assisted in managing NYCEDC’s Internal Audit group for many years. He is a life-long resident of Queens, NY and received his bachelor’s degree in accounting from CUNY at York College in Jamaica, Queens. He is a certified public accountant as well as a certified internal auditor. Before joining NYCEDC, Spencer spent several years conducting audits throughout the east coast for a hotel and restaurant employee’s union trust fund.

Meredith J. Jones
Executive Vice President and General Counsel

Before joining NYCEDC, Meredith worked at corporate law firms and as counsel to a multi-national engineering and construction company. She also served as general counsel for the National Oceanic and Atmospheric Administration and as Chief of the Cable Services Bureau of the Federal Communications Commission. She is a graduate of Swarthmore College and received her Juris Doctor from Yale Law School.

Cecilia Kushner
Executive Vice President, Planning Division

Cecilia Kushner is the Executive Vice President for the Planning Division at NYCEDC where she leads large multidisciplinary teams to deliver on some of the most complex urban planning and development projects in New York City. As part of her role, Cecilia oversees $1 billion of active projects geared towards delivering infrastructure and amenities and improving quality of life for New Yorkers across the five Boroughs. Prior to NYCEDC, Cecilia served in various senior roles at the NYC Department of City Planning, where she led efforts in Coney Island and formulated some of the first resiliency land use policies for the New York City coastline. Prior to DCP, Cecilia lived in London and Paris, where she worked as an urban planner for English Heritage and the City of Paris. Cecilia received her bachelor’s degree from La Sorbonne and holds a master’s degree in Historic Preservation from The Bartlett School of Planning at University College London, and a master’s degree in City Planning from Hunter College, where she has taught Planning as an adjunct. She lives in Brooklyn with her husband and two children.

Hester Muis
Executive Vice President, Real Estate Transaction Services

Hester oversees NYCEDC’s Real Estate Transaction Services department, leading the organization’s public-private partnerships involving City-owned property to support the growth of quality jobs, promote livable and affordable communities, and facilitate redevelopment projects that drive inclusive growth and positive return to the city. Prior to NYCEDC, Hester did real estate acquisitions and eventually went on to head the Debt Capital Markets team in J.P. Morgan’s Real Estate Asset Management division. Hester holds a Master’s in Real Estate Finance from New York University and a BA in Economics and Architectural History from the University of Virginia.

Seth Myers
Executive Vice President and Director of Project Implementation

Seth attended Columbia University and received a graduate degree in urban planning. Before joining NYCEDC, Seth worked in the Mayor’s Office of Capital Project Development where he was involved with key projects in Lower Manhattan and, in particular, at the World Trade Center site. Since 2006, he has managed the planning, design, and construction of large-scale capital and infrastructure projects, with a focus on coordination between multiple agencies or government entities.

Elizabeth Verostek
Deputy Chief Financial Officer

Elizabeth Verostek serves as the Deputy Chief Financial Officer (CFO). She oversees the Funding Agreements, Compliance, and Corporate Services departments. She also manages special projects for the CFO Division. Elizabeth joined NYCEDC in 2012 as the Budget Director. She led the City and grant components of NYCEDC’s budget; the Financial, Planning, and Analysis Team; and Funding Agreements. Prior to joining NYCEDC, Elizabeth worked for the NYC Office of Management and Budget and the NYC Department of Education. Her career started in Amman, Jordan, working with refugees with the UNHCR. She earned a BA and BS from the College of Charleston, a language certificate from the University of Jordan, and her Master’s at the George Washington University. She lives in Manhattan with her husband and daughter.

Jennie Wallace
Executive Vice President, Internal Audit

Jennie Wallace oversees the Internal Audit function for NYCEDC. Jennie is a seasoned audit executive with a passion for the profession and over 20 years of experience partnering with company leadership to assess, manage, and mitigate risk. She started her career with 10 years at PwC, and then held audit and controls leadership roles at glacéau (part of The Coca-Cola Company), OnDeck Capital (FinTech startup, now public), and Horizon Media (largest independently owned media agency). Jennie is an active member and speaker with the NY Institute of Internal Auditors and a member of the Advisory Board at St. John's University's Internal Audit program. She is a Certified Public Accountant (CPA) in the state of NY, a Certified Information Systems Auditor (CISA), and a Chartered Global Management Accountant (CGMA).

Meet our Board of Directors

Employee Profiles