Robert K. Steel is Deputy Mayor for Economic Development. He is responsible for the Bloomberg Administration's five-borough economic development strategy and job-creation efforts, as well as its efforts to expand job training, strengthen small business assistance, promote new industries, diversify the economy, and achieve the goals of the New Housing Marketplace Plan, which is designed to build or preserve enough affordable housing for 500,000 New Yorkers by 2014. He spearheads the Administration's major redevelopment projects, including those in Lower Manhattan, Flushing, Hunters Point South, Coney Island, Stapleton, the South Bronx, and Hudson Yards. Deputy Mayor Steel oversees such agencies as the Department of Housing Preservation and Development, Department of City Planning, Department of Small Business Services, NYC Economic Development Corporation and NYC & Company, and he serves as Chair of Brooklyn Bridge Park board.
Prior to his 2010 appointment as Deputy Mayor, Steel was the President and CEO of Wachovia. From 2006 to 2008, Steel was the Under Secretary for Domestic Finance at the U.S. Department of the Treasury. Prior to entering government service, Steel spent nearly 30 years at Goldman Sachs, ultimately rising to become co-head of the U.S. Equities Division and Vice Chairman of the firm. He is a graduate of Duke University and the University of Chicago's Booth School of Business, and has distinguished himself as Chairman of Duke's Board of Trustees, Chairman of the Aspen Institute's Board of Trustees, Senior Fellow at the Harvard Kennedy School of Government, a member of the FDIC Advisory Committee on Economic Inclusion, Chairman of The After-School Corporation, and Co-Founder of SeaChange Capital Partners, an organization dedicated to helping nonprofits grow.