Tim Sullivan currently serves as the Chief Executive Officer of the New Jersey Economic Development Authority (NJEDA), a role he has had since February 2018. As a member of Governor Murphy’s Cabinet, Tim oversees the State’s principal agency for driving economic growth and making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for residents, and provide pathways to a stronger and fairer economy.
During his tenure, Tim has led the NJEDA’s transformation into a comprehensive economic development organization dedicated to implementing Governor Phil Murphy’s vision for a stronger and fairer New Jersey. Tim has overseen the creation of new programs that drive New Jersey’s innovation economy, strengthen emerging and historic sectors, support small businesses, and cultivate equitable community development.
Under his leadership, the NJEDA has led the development and implementation of more than 15 programs created under the Economic Recovery Act of 2020 ranging from real estate development to film industry support, provided more than $700 million in COVID-19 relief to small businesses impacted by the pandemic, facilitated the construction of the NJ Wind Port and growth of a robust offshore wind industry in New Jersey, launched the ground-breaking New Jersey Innovation Evergreen Fund, programmed $150M in support for main streets and small businesses, invested in economic security through programs recognizing maternal and infant health, child care, and food security as economic enablers, and helped municipalities revitalize brownfields and other underused spaces into valuable community assets.
Tim most recently served as Deputy Commissioner of the Connecticut Department of Economic and Community Development (DECD), where he oversaw State tourism and branding, brownfield redevelopment, transit-oriented development, and waterfront initiatives. Tim previously served as Chief of Staff to the New York City Deputy Mayor for Economic Development, focusing on transportation and transit-oriented development, brownfield redevelopment, waterfront and maritime/port redevelopment, public and affordable housing policy, small business support, infrastructure finance, and public/private partnerships.
Prior to joining city government in 2010, Tim worked at Barclays Capital as Chief of Staff to the Head of Global Investment Banking. He began his career in investment banking at Lehman Brothers in 2003 as a healthcare banker, focusing on mergers and acquisitions and capital markets transactions for leading companies in the managed care, biotechnology, and healthcare services sectors.
Tim is native to Bergen County and is a graduate of Georgetown University.