“If you’re trying to fight something as big as global poverty, you need the biggest weapons possible. You need to harness the capital markets. That’s the only way to build long-lasting institutions that will address the needs of the poor…” 

Read more from Michael Schlein’s recent speech, “Forging Sustainable New Paths,” given at Harvard’s International Development Conference.

Accion’s CEO, Michael Schlein, has been appointed to serve as the board chairman of the New York City Economic Development Corporation (NYCEDC). While continuing in his role at Accion, he will oversee NYCEDC’s 27-member board of business, community, nonprofit and academic leaders that helps to guide the organization’s agenda. As the city’s primary economic development vehicle, NYCEDC leverages the city’s assets to create jobs, drive growth, and improve quality of life across the five boroughs, using diverse tools like urban planning, asset management, capital construction, and strategic investment.

Read further details about this appointment in the Mayor’s Press Release or in a recent New York Times article.