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Q&A

Maloney asks about morale and long-term vision; concludes with call for permanent president

New York City Council · Jun 26, 2026 · starts 1:49:33 · 2 min 29 sec

Maloney asks about morale at EDC without a permanent president. Jung says EDC staff are motivated by their mission of creating economic opportunities. Perry adds that staff love interim President Pak, an EDC veteran who knows the work, and that the organization has not felt a lack of direction. Maloney asks if the interim title hinders long-term vision; Perry says no, citing public grocery and insurance captive projects. Maloney concludes by stressing the importance of installing a permanent president.

Virginia Maloney

How is the lack of a permanent president impacting day-to-day morale of employees at NYC EDC?

Sam Jung

That's a good question.

Sam Jung

Thanks, Chair.

Sam Jung

I think generally, obviously, people are curious about what will happen.

Sam Jung

But like I mentioned before, EDCers are at EDC to drive impact, to create economic opportunities for everyday New Yorkers.

Sam Jung

I think we as staff feel lucky that that is our nine to five that we can do every single day.

Sam Jung

And so we're motivated by the higher purpose of supporting and serving New Yorkers and realizing economic opportunities for everybody.

Sam Jung

And so I think that's our laser focus now and implementing on key commitments that we have, including in the Jeep, but otherwise.

Douglas Perry

Sorry, the only thing that I would add, Shermaloney, is at EDC, we love Interim President Pack.

Douglas Perry

We think that she is doing an amazing job.

Douglas Perry

And so we have not really felt.

Douglas Perry

a lack of any direction.

Douglas Perry

As my colleague said, we're in constant contact with DM Sue, her team in the administration, and President Pack has really driven us forward.

Douglas Perry

She is an EDC-er, she knows our work, so in some ways, right, it's been a great transition for us in that we have someone who's fully on board and ready to move forward.

Douglas Perry

And we're just excited, I think, about the new things that the admin's giving us to do.

Douglas Perry

We have never been busier, which is a good thing, but no additional information, but we're really happy with President Pack.

Virginia Maloney

I agree.

Virginia Maloney

The interim president has done a fantastic job of leading the organization.

Virginia Maloney

Do you believe there's been any hindrance on the ability to have a long-term vision or long-term plan when the title is interim president?

Douglas Perry

I don't think so.

Douglas Perry

I mean, we have really been like moving ahead full steam.

Douglas Perry

We're moving full steam ahead, at least from the work that I've seen.

Douglas Perry

Like we haven't stopped.

Douglas Perry

It hasn't prohibited us from working closely with the administration as we roll out big new projects.

Douglas Perry

So I think things like public grocery, things like the insurance captive, like did really require a lot of long term vision.

Douglas Perry

And we've been able to execute on that with President Pack, interim President Pack.

Douglas Perry

And so from an operational perspective, no, we still continue to like ideate like broadly into the future.

Douglas Perry

And work closely with the admin to do that.

Virginia Maloney

Thank you for your testimony and for anyone listening.

Virginia Maloney

I think it's very important and crucial at this juncture to install a permanent president with the full authority to set the direction.

Virginia Maloney

for our economic development plan.

Virginia Maloney

Thank you.