James Patchett, who has served as president and CEO of the city’s Economic Development Corporation (EDC) since February 2017, is departing to pursue a job in the private sector.
Prior to serving as leader of EDC, Patchett was chief of staff to former deputy mayor for Housing and Economic Development Alicia Glen. Before his move to City Hall, he was vice president in Goldman Sachs’ Urban Investment Group.
“James Patchett’s extraordinary work as EDC President helped make New York City’s economy the most dynamic in the country before the pandemic,” Mayor Bill de Blasio said. “When COVID-19 hit, his creativity and determination helped us respond, and positioned our city to come back stronger than ever with a recovery for all of us.”
When the pandemic struck, EDC helped establish the local production of personal protective equipment (PPE) for health care workers, resulting in 8.4 million face shields and 4.2 millon hospital gowns. The agency also partnered with 3D printing companies and others to manufacture and assemble over one million COVID-19 testing kits.
EDC also established the Pandemic Response Lab, a public-private partnership that performs more than 30,000 COVID-19 tests per day.
Other highlights of Patchett’s tenure as president of EDC includes launching LifeSciNYC, the city’s 10-year, $500 million program to create new life sciences spaces and paid internships for students at top life sciences companies.
In terms of land use projects, Patchett oversaw the renovation of the Bedford Union Armory with mixed-income housing, nonprofit space and a new recreation center. He also shepherded projects like the new Hunters Point South Park in Long Island City and infrastructure investments in Downtown Far Rockaway.
Under Patchett’s leadership, EDC launched NYC Ferry, which now has 21 landings and millions of riders annually. Construction is underway to create two more routes and three landings this year.
In Sunset Park, EDC helped create a new offshore wind port at the 72-acre South Brooklyn Marine Terminal, modernized the Brooklyn Army Terminal by adding 500,000 square feet of industrial space, and broke ground on the new Made in New York campus.
The campus includes a garment manufacturing and design innovation hub, as well as a 500,000-square-foot studio by Steiner Studios.
In a statement, Patchett said leading EDC was his “dream job” because his team used their expertise, creativity and commitment to make the city a fairer and stronger place.
“The people of EDC have given everything they had over the last year, under the most challenging conditions to support the city’s recovery,” he said. “From manufacturing millions of units of PPE locally, to building innovative new testing capacity, to supporting small businesses in every borough, the EDC team has tackled COVID-19 with ingenuity and resolve.”