Mayor Taps Business Commissioner to Run EDC

Mayor Bill de Blasio today announced he was replacing New York City Economic Development Corporation President Kyle Kimball—who left the position earlier this year after being one of the few Bloomberg administration officials to survive the regime change—with Small Business Services Commissioner Maria Torres-Springer.

Ms. Torres-Springer, a former executive vice president and chief of staff at NYCEDC, will be the first woman to lead the semi-private organization, which facilitates development through loans, subsidies and technical assistance. Mr. Kimball revealed in March he would leave the EDC for other opportunities, and last week he was named a vice president at Consolidated Edison. The entity has been run on an interim basis by Kim Vaccari, the chief financial officer of EDC, since Mr. Kimball left his post on June 1, as Commercial Observer previously reported.