BUSINESS & ECONOMY

Kevin Quinn appointed to chair EDA board of directors

Gov. Phil Murphy on Friday appointed fellow Goldman Sachs alum Kevin Quinn as the new chair of the Economic Development Authority board of directors.

Quinn is the founder of Genki Advisory, an advisory and investment firm focused on early stage companies and worked for over 20 years at Goldman Sachs in a number of senior roles. He is also currently the board chair of Brady, one of the nation’s leading gun violence prevention organizations.

Murphy, who recently called for the resignation of all former gubernatorial appointees to the EDA’s board, has so far accepted only one resignation; that of board chair Laurence Downes.

“Reclaiming New Jersey’s status as an economic power requires a strong and focused EDA that will work tirelessly to implement the policies our economy needs to grow,” said Murphy. “Economic development is much more than providing tax incentives to a few big corporations, and requires investing in our diverse people, ideas, and businesses. With Kevin’s wealth of experience, I am confident that he will be able to advance our vision for a new economy in which companies flourish and workers prosper.”