William D. Rahm Succeeds Winston Fisher as NYCREDC Co-Chair

The New York City Regional Economic Development Council (NYCREDC) today announced that William D. Rahm has been appointed as Council Co-Chair by Governor Hochul, effective immediately. Mr. Rahm succeeds Winston Fisher as Co-Chair of the Regional Council. Since 2011, the NYCREDC has secured more than $710 million to support over 950 projects across New York City.

Empire State Development President CEO and Commissioner Hope Knight said, "The Regional Economic Development Councils are pivotal in incorporating community stakeholders into the fabric of economic development across the state. I extend my congratulations to Billy on his appointment as the Co-Chair for New York City, recognizing his potential to make significant contributions to our economic landscape. Additionally, I express my gratitude to Winston Fisher for his unwavering commitment and the substantial economic opportunities he has helped to create."

William D. Rahm joined Centerbridge in 2006 at its inception and leads the firm’s global real estate investing activities. He serves on the firm’s Management Committee and the Investment Committees for the Private Equity, Real Estate, and Insurance Solutions businesses. Before Centerbridge, he was an investor with The Blackstone Group L.P. Rahm has served on numerous for-profit and non-profit boards. Currently, he serves as the Chairman of the Board of Suntex Marinas Investors, as lead independent director of Brixmor Property Group, Inc., and as a director of Great Wolf Resorts, Inc. and Indus Realty Trust. In addition, he chairs the Board of Trustees of East Harlem Tutorial Program and East Harlem Scholars Academies and was a David Rockefeller Fellow through the Partnership for New York City. Rahm holds a B.A. from Yale College, a J.D. from Harvard Law School, and an M.B.A. from Harvard Business School.

NYCREDC Co-Chair William D. Rahm, Senior Managing Director at Centerbridge Partners said, "I look forward to working alongside my fellow Council members, community stakeholders, businesses, and government partners to create a more inclusive and resilient economy in New York City. Together, we will seek to identify strategic investments that catalyze job creation, attract new industries, and enhance the quality of life for all New Yorkers across the five boroughs. I am excited about the potential for the Council to help foster economic development and build a stronger future for our city." 

NYCREDC Co-Chair Félix V. Matos Rodríguez, City University of New York Chancellor, said, "I am thrilled to welcome Billy as the new Co-Chair of the New York City Regional Economic Development Council. His strategic insights, industry expertise, and commitment to community development will undoubtedly strengthen our efforts to drive economic growth and create opportunities for all New Yorkers. Together, we will continue to engage with community stakeholders and partners to ensure that our economic development initiatives are responsive to the needs of our diverse communities and contribute to the long-term success of our city."

About the Regional Economic Development Councils

The Regional Economic Development Council initiative (REDC) is a key component of New York State's transformative approach to State investment and economic development. In 2011, the 10 Regional Councils developed long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships consisting of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom-up approach and establishing a competitive process for State resources.

Since the establishment of the REDCs in 2011 until the most recent round in 2023, which is still in-progress, over $8 billion dollars was awarded to more than 9,900 economic and community development projects consistent with each region’s strategic plans. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. 

Contact: Emily Mijatovic | [email protected] | (212) 803-3692