Henry McKoy Joins North Carolina Dept. of Commerce as Assistant Secretary for Community Development

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Henry McKoy has stepped down from the Institute for Sustainable Development Board as he takes up new challenges at the North Carolina Department of Commerce. McKoy shares the Institute’s passion for helping businesses become more competitive, environmentally responsible and engaged with their communities.

“The N.C. Department of Commerce has named Henry McKoy assistant secretary for community development. McKoy joins the department from Fourth-Sector Financial, a financial-service firm focused on the green and sustainability sectors.

“We are very pleased to have Henry McKoy join our Commerce team,” said Secretary of Commerce Keith Crisco in a release. “Gov. Perdue has made community economic development and the green business sector two of her top priorities. Assistant Secretary McKoy’s experience in these important areas and his strong leadership skills make him the ideal person for this job.”

McKoy spent more than 15 years in corporate finance, banking and technology for Central Carolina Bank, National Commerce Financial and SunTrust. He also has extensive community experience and has worked with more than 100 nonprofits since 1993. He founded the nonprofit think tank, OneVoice Institute of Business and Entrepreneurship in 1999, which he still chairs, to focus on the connections between social innovation and entrepreneurship.

“I am very excited to join the Commerce team,” McKoy said. “North Carolina’s communities, especially our less prosperous ones, are working hard during overcome these difficult economic times, and need as much support and assistance as we are able to provide them. I look forward to working with the talented staff of Commerce’s Division of Community Assistance to do so.”

McKoy has served as a member of the state’s Economic Development Board, charged with developing a strategic economic-development plan for North Carolina. He will oversee Commerce’s community-development programs, which provide the state’s less prosperous communities with resources and services to help them plan for growth, encourage economic development and address community needs. Services include:

-Providing support to small businesses in designated small and less prosperous towns through Gov. Bev Perdue’s Main Street Solutions program.

-Revitalizing downtowns and small communities through existing Main Street, Small Town Main Street and 21st Century Communities programs.

-Upgrading infrastructure, fostering entrepreneurship and providing housing and other opportunities through administration of the federal Community Development Block Grants program, the state’s Industrial Development Fund and the N.C. office of the Appalachian Regional Commission.

-Tapping into the local work-force development programs and assisting communities with recruitment, retention and expansion of new and existing companies.

McKoy graduated from UNC Chapel Hill with a bachelor’s degree in business administration and has pursued graduate studies in environmental management and policy at Duke University.” Click here for the full story in the Charlotte Business Journal.

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