Hochul Appoints Knight as New Director of Empire State Development


Governor Kathy Hochul appoints Hope Knight as Empire State Development’s next President and CEO. She will serve as interim commissioner, president and CEO until confirmed by the New York State Senate, Hochul’s office said. (Photo credit: Hope Knight’s Linkedin page)

ALBANY, NY – Governor Kathy Hochul has announced that she is appointing Hope Knight as the next president and CEO of Empire State Development (ESD) and as commissioner of the state’s Department of Economic Development.

Knight will serve as interim commissioner, chairman and CEO until confirmed by the New York State Senate, the Hochul office said.

Former Gov. Andrew Cuomo appointed Patrick Foye acting chairman and CEO of ESD in June, but Foye told Hochul he has decided not to take the post, according to a Sept. 7 report on the website of Long Island Business News. Foye had served as chairman, chairman and chief executive officer of the Metropolitan Transportation Authority. He was tasked with taking on the functions Eric Gertler previously held. Gertler left EDD for the private sector earlier this year, according to a June 8 article posted on the ESD website. Albany Business Review.

About Chevalier

Knight has been President and CEO of the Greater Jamaica Development Corporation (GJDC) since 2015.

In this capacity, she has focused on promoting economic growth, community building and “sustainable” real estate development that has “immeasurably revitalized and strengthened” the South East Queens region, the office said. from Hochul.

In addition, Knight also sits on the New York City Planning Commission, as a commissioner. Prior to leading GJDC, she was COO of the Upper Manhattan Empowerment Zone, overseeing over $ 150 million in investments, raising over $ 1 billion in private capital, and working on projects such as the ‘East River Plaza, Potamkin East Harlem and the Victoria Theater & Hotel.

Knight was also vice president of Morgan Stanley in the institutional equities division in the United States and vice president of strategic planning and e-commerce at Morgan Stanley, Japan.

Earlier in his career, Knight worked at Accenture (NYSE: CAN) and in the New York City government.

Knight holds a BA from Marymount Manhattan College and an MBA from the Graduate School of Business at the University of Chicago.


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