Gov. Phil Murphy got his man when the New Jersey Economic Development Authority board voted to approve Tim Sullivan as the organization’s new CEO.
Sullivan, who is the former deputy commissioner of the Connecticut Department of Economic and Community Development, will begin his tenure Feb. 20.
“Economic development is not a one-note symphony of lavish tax breaks, but a multifaceted effort to leverage everything we have to offer,” Murphy said in a news release after the Feb. 13 vote. “From lifting up small businesses to growing the number of technology incubators where tomorrow’s innovators are being born, we need a new culture at EDA. I am asking Tim use his wealth of experience to help grow and strengthen our economy and make New Jersey an even better place for businesses to call home.”
As the CEO of the Economic Development Authority, Sullivan will oversee strategic direction, leading policy and governance initiatives.
Sullivan replaces Melissa Orsen, who currently serves as senior vice president and general counsel at South Jersey Industries.
"I look forward to working with everyone, taking your advice and counsel over the next years," Sullivan said at the EDA board meeting Feb. 13. "Of course, I want to thank the governor for his confidence and appointing me and recommending me."
As deputy commissioner at the DECD, Sullivan oversaw state tourism and branding, brownfield redevelopment, transit-oriented development and waterfront initiatives.
Sullivan served as the chief of staff to the New York City deputy mayor for economic development before being appointed deputy commissioner of the DECD. The Bergen County native served as chief of staff to the head of global investment banking for Barclays Capital before joining the deputy mayor’s office.
“We are delighted to welcome Tim Sullivan to the EDA,” board chairman Thomas Scrivo said in a news release. “We look forward to working with him as we continue EDA’s longstanding tradition of supporting business growth in New Jersey.”