Kruti Patel Goyal, CEO of Etsy, has been appointed to New York’s new Business Advisory Council, aimed at enhancing the city’s economic growth and innovation.
Kruti Patel Goyal, the Indian American CEO of Etsy, has been selected as one of the 15 prominent business leaders to join Mayor Zohran Kwame Mamdani’s newly established Business Advisory Council in New York City.
This council is designed to unite leaders from various sectors, including finance, real estate, technology, sports, retail, food, and health care, to provide strategic advice to City Hall on bolstering the city’s economy, as outlined in a recent media release.
The council will convene quarterly with Mayor Mamdani and Deputy Mayor for Economic Justice Julie Su to influence the next phase of economic growth and innovation in New York. The focus will be on industries that are pivotal to the city’s economic landscape.
Members of the council will contribute to a more intentional strategy for enhancing sectors where New York can excel both nationally and globally, including biotechnology, finance, media, and entertainment.
“The doors of City Hall are always open to New York’s business leaders, and I look forward to welcoming their experience and strategic guidance as we build a stronger, more dynamic economy,” Mayor Mamdani stated.
He further emphasized, “This council brings together the people building the next generation of New York’s economy — in finance, tech, life sciences, and beyond — to help us double down on what makes this city the best place on Earth to start a company, grow a business, and build a career. We want the most ambitious people in the world to come here, stay here, and build here.”
The formation of the Business Advisory Council comes at a time when New York City is experiencing near-record employment levels, with 4,852,400 jobs reported as of July 2026. The city added nearly 6,000 private sector jobs in the first half of this year, resulting in a year-over-year job growth rate that is more than double the national average. The unemployment rate has improved for five consecutive months, dropping to 5.0% in July, while the labor force participation rate remains at a near-record high.
Under Mayor Mamdani’s leadership, New York City has recorded some of the strongest office space leasing figures in recent history, with nearly 50 million square feet leased over the past four quarters. Furthermore, New York-based companies have raised $21.2 billion in venture capital funding to date, marking a 102% increase compared to the same period last year.
Kruti Patel Goyal brings over a decade of experience at Etsy, where she has held various leadership roles encompassing product development, technology, strategy, international expansion, and marketplace trust. Prior to her role at Etsy, she served as the CEO of Depop, a former subsidiary of Etsy, where she played a key role in establishing the platform as the fastest-growing online apparel resale marketplace in the United States.
Earlier in her career, Goyal worked in strategy, business development, and growth equity at notable firms including Viacom, Product (RED), Morgan Stanley, and General Atlantic Partners.
Her appointment to the Business Advisory Council underscores her significant contributions to the business community and her commitment to fostering economic growth in New York City, according to The American Bazaar.