NYC EDC’s COO Named Acting President
Mayor Bill de Blasio appointed Rachel Loeb the acting president of the New York City Economic Development Corporation (EDC). Loeb, currently EDC’s EVP and COO, succeeds James Patchett, who is returning to the private sector after seven years of working for the city.
“From sourcing essential PPE, to building the first-of-its-kind Pandemic Response Lab, to helping make New York City a global life sciences leader, EDC has done extraordinary work in leading this city’s fight against COVID-19,” said de Blasio. “I know Rachel will build on that work and serve as a fearless, creative advocate for this city’s recovery.”
Prior to joining EDC in 2018, Loeb was a senior executive member of World Wide Group, overseeing all aspects and phases of the development process. Before that, she was a senior director of development for AvalonBay, where she was responsible for the development of more than 1,400 apartments.