Think Big’s Herb Sih to step down from Economic Development Corporation board

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Earlier this week, The Pitch published a story revealing strong ties between Herb Sih — a board member of the city’s Economic Development Corporation and founder of tech incubator Think Big Partners — and several online payday-lending companies. The story came on the heels of a recent public discussion about payday lending, during which Mayor Sly James said of payday lenders, “They’re like roaches that never go away. It’s not the kind of industry we need in Kansas City.” We questioned why the mayor would keep Sih on the board of an economic agency in light of this. 

Today Sih announced his resignation from his position on the EDC, according to the mayor’s office. 

James said in a statement: “Herb brought valuable expertise from the high-tech, start-up community to the EDC Board of Directors, and I have appreciated his commitment to the organization. I respect his decision to act in the best interests of the EDC and its mission.”

Bridgette Williams, chairwoman of the Economic Development Corporation’s board of directors, said:  “I know that Herb’s decision to resign was difficult; but I respect and appreciate the spirit that led him to it. I wish him the best and look forward to getting back to the business of promoting the economic development of our city.”

Think Big Partners remains involved in the city’s “Smart City” plan, a $15 million public-private project among Cisco Systems, Sprint and the city.  

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