October 7, 2022

– Advertisement –

At a private dinner Wednesday at New York’s luxurious Le Pavillon, New York City Mayor Eric Adams called on tech executives to keep their companies in the city, even as industry leaders grapple with rising rents and violent crime. raised concerns to city officials about the increase.

– Advertisement –

Upon ingesting steak, halibut or pasta and copious amounts of wine, said one attendee, Adams made a “soulful plea for technical executives to stay and invest in New York.” He told more than two dozen tech leaders: “New York City needs and needs technology companies,” said another attendee., Saying that city officials want tech companies to “help grow this city’s economy.”

Adams spokesman Fabian Levy confirmed that Mayer had spoken to technical officials, but said, “Mayor Adams was not over for dinner.”

– Advertisement –

“While we don’t discuss private conversations, Mayor Adams always welcomes and encourages businesses to come to NYC,” Levy said in an email. “During his remarks, he talked about the importance of technology to NYC and government innovation.”

One of the attendees said that a select group of diners felt “the incredulity stemmed from their reach and their understanding of the industry”. The people describing the dinner declined to be named to speak about a private event.

Adams’ bid to encourage tech leaders and companies to stay in New York comes after City Hall officials privately filed complaints from tech leaders about rent hikes and rising crime rates.

Median seeking rent on active listings in much of Manhattan and Brooklyn jumped 40% or more in the second quarter compared to the same period last year, according to bloomberg, The NYC Rent Guidelines Board recently voted to increase the rent for people who live in rented stable apartments, NBC New York informed of.

See also  U.S. stocks pull back after two-day rally as Wall Street weighs steady private payroll growth

New York City’s crime figures have also fluctuated since early July, when shooting incidents across the city increased from the prior year, the city Told last month.

However, shooting in August has declined by about 30% as compared to the same month last year, According to city crime statistics, But the same period saw a year-on-year jump in other crimes, including burglary, robbery and grand theft.

The event was co-hosted by longtime angel investor Ron Conway, Josh Mendelsohn, a managing partner at tech-focused investment firm Hangar, Mike Ferrence, a fellow partner at Hangar, and Julie Samuels, a New York tech advocacy group Tech:NYC. founder of. According to a list of hosts and attendees provided to CNBC.

According to attendees, renowned chef Daniel Boulle, who owns Le Pavillon, stopped by to chat.

“It was a good way [Adams] Tech CEO to meet.” Conway said in an interview, Given that it’s important for tech leaders and companies to be civilly involved. Mendelssohn, Ferens and Samuels did not return requests for comment. Representatives for all others listed as attending the dinner either declined to comment or did not return requests for comment.

Those who attended the dinner could also be helpful to Adams when he is ready to be re-elected in 2025. Citi campaign finance records show that Adams has raised just over $850,000 for his 2025 re-election campaign.

Among those attending the dinner are Alan Patrikoff, co-founders of venture capital firm Greycroft, and Conway, which has been a political fundraiser. Both helped raise at least $100,000 for President Joe Biden’s 2020 campaign for the White House, according to the nonpartisan OpenSecrets.

See also  Are you ready to switch to an EV? Here’s why you may find yourself priced out of the market

Partial list of dinner attendees:

Greycroft co-founder Alan Patrikoff

Ron Conway, founder of SV Angel

Julie Samuels, Founder of Tech: NYC

Josh Mendelsohn, Managing Partner at Hangaro

Mike Ferrence, Partner at Hangar

Josh Vlasto, former Chief of Staff to the former Govt. Andrew Cuomo and Hangar Consultant

Dave Gilboa and Neil Blumenthal, Warby Parker Co-CEOs

Mario Schlosser, co-founder of Oscar Health

Valerie Jarrett, former adviser to Barack Obama and member of the Lyft board

Steve McDiarmid, Managing Director of Emerson Collective

Michael Zuckert, General Counsel, Silicon Valley Bank Financial Group