NYC Mayor Eric Adams asks tech execs to keep companies in the city

At a non-public dinner Wednesday at New York’s swanky Le Pavillon, New York City Mayor Eric Adams known as on tech executives to keep their companies in the city, whilst business leaders increase issues to city officers of hovering rents and a rise in violent crime.

Over entrees of steak, halibut or pasta and copious quantities of wine, Adams made an “impassioned plea for tech executives to stay and invest in New York,” mentioned one attendee. He advised the greater than two dozen tech leaders: “New York City needs and wants technology companies,” one other attendee mentioned, including that city officers need tech companies to “help grow the economy of this city.”

Adams’ spokesman Fabien Levy confirmed the mayor spoke to the tech executives, however mentioned, “Mayor Adams wasn’t there for dinner.”

“While we don’t discuss private conversations, Mayor Adams always welcomes and encourages businesses to come to NYC,” Levy mentioned in an e-mail. “During his remarks, he spoke about the importance of tech to NYC and government innovation.”

The choose group of diners felt “incredibility impressed with his accessibility and understanding of their industry” one in every of the attendees mentioned. The individuals who described the dinner declined to be named in order to talk about a non-public occasion.

Adams’ bid to encourage tech leaders and companies to keep in New York comes as City Hall officers have privately fielded complaints from tech leaders about skyrocketing rents and surging crime charges.

Median asking rents on energetic listings all through a lot of Manhattan and Brooklyn jumped 40% or extra in the second quarter in contrast to the similar interval final yr, in accordance to Bloomberg. The NYC Rent Guidelines Board not too long ago voted to improve hire for many who stay in a rent-stabilized residence, NBC New York reported.

New York City’s crime statistics have additionally been in flux since the begin of July when taking pictures incidents throughout the city rose from the prior yr, the city mentioned final month.

However, shootings in August dropped by about 30% from the similar month final yr, in accordance to city crime statistics. But there was a year-over-year bounce in different crimes over the similar interval, together with burglaries, robberies and grand larceny.

Longtime angel investor Ron Conway co-hosted the occasion with Josh Mendelsohn, a managing companion of tech-focused funding agency Hangar, Mike Ference, a fellow companion at Hangar, and Julie Samuels, the founding father of New York tech advocacy group Tech:NYC, in accordance to a listing of hosts and attendees supplied to CNBC.

Famed chef Chef Daniel Boulud, who runs the firm that owns Le Pavillon, stopped by to chat, in accordance to attendees.

“It was a nice way for [Adams] to meet tech CEOs.” Conway mentioned in an interview, noting that it is essential for tech leaders and companies to be civically engaged. Mendelsohn, Ference and Samuels didn’t return requests for remark. Representatives for all the different individuals listed as attending the dinner both declined to remark or didn’t return a request for remark.

Those who attended the dinner is also of assist to Adams when he is up for reelection in 2025. City marketing campaign finance data exhibits Adams has raised simply over $850,000 for his 2025 reelection marketing campaign.

Alan Patricof, co-founder of the enterprise capital agency Greycroft, and Conway are amongst the attendees to the dinner which have been prolific political fundraisers. Both helped increase at the very least $100,000 for President Joe Biden’s 2020 marketing campaign for the White House, in accordance to the nonpartisan OpenSecrets.

Partial record of dinner attendees:

Alan Patricof, co-founder of Greycroft

Ron Conway, founding father of SV Angel

Julie Samuels, founding father of Tech:NYC

Josh Mendelsohn, managing companion at Hangar

Mike Ference, companion at Hangar

Josh Vlasto, former chief of workers to former Gov. Andrew Cuomo and Hangar advisor

Dave Gilboa and Neil Blumenthal, Warby Parker co-CEOs

Mario Schlosser, Oscar Health co-founder

Valerie Jarrett, former advisor to Barack Obama and Lyft board member

Steve McDermid, managing director at Emerson Collective

Michael Zuckert, common counsel at Silicon Valley Bank Financial Group


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