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NYC Mayor Eric Adams asks tech execs to maintain corporations in town

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At a non-public dinner Wednesday at Recent York’s swanky Le Pavillon, Recent York City Mayor Eric Adams called on tech executives to maintain their corporations in town, at the same time as industry leaders raise concerns to city officials of soaring rents and a rise in violent crime.

Over entrees of steak, halibut or pasta and copious amounts of wine, Adams made an “impassioned plea for tech executives to remain and put money into Recent York,” said one attendee. He told the greater than two dozen tech leaders: “Recent York City needs and desires technology corporations,” one other attendee said, adding that city officials want tech corporations to “help grow the economy of this city.”

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

“While we do not discuss private conversations, Mayor Adams at all times welcomes and encourages businesses to return to NYC,” Levy said in an email. “During his remarks, he spoke in regards to the importance of tech to NYC and government innovation.”

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

Adams’ bid to encourage tech leaders and corporations to remain in Recent York comes as City Hall officials have privately fielded complaints from tech leaders about skyrocketing rents and surging crime rates.

Median asking rents on energetic listings throughout much of Manhattan and Brooklyn jumped 40% or more within the second quarter in comparison with the identical period last 12 months, in keeping with Bloomberg. The NYC Rent Guidelines Board recently voted to extend rent for individuals who live in a rent-stabilized apartment, NBC Recent York reported.

Recent York City’s crime statistics have also been in flux for the reason that start of July when shooting incidents across town rose from the prior 12 months, town said last month.

Nonetheless, shootings in August dropped by about 30% from the identical month last 12 months, in keeping with city crime statistics. But there was a year-over-year jump in other crimes over the identical period, including burglaries, robberies and grand larceny.

Longtime angel investor Ron Conway co-hosted the event with Josh Mendelsohn, a managing partner of tech-focused investment firm Hangar, Mike Ference, a fellow partner at Hangar, and Julie Samuels, the founding father of Recent York tech advocacy group Tech:NYC, in keeping with an inventory of hosts and attendees provided to CNBC.

Famed chef Chef Daniel Boulud, who runs the corporate that owns Le Pavillon, stopped by to speak, in keeping with attendees.

“It was a pleasant way for [Adams] to satisfy tech CEOs.” Conway said in an interview, noting that it is vital for tech leaders and corporations to be civically engaged. Mendelsohn, Ference and Samuels didn’t return requests for comment. Representatives for all the opposite people listed as attending the dinner either declined to comment or didn’t return a request for comment.

Those that attended the dinner may be of help to Adams when he’s up for reelection in 2025. City campaign finance records shows Adams has raised just over $850,000 for his 2025 reelection campaign.

Alan Patricof, co-founder of the enterprise capital firm Greycroft, and Conway are among the many attendees to the dinner which have been prolific political fundraisers. Each helped raise not less than $100,000 for President Joe Biden’s 2020 campaign for the White House, in keeping with the nonpartisan OpenSecrets.

Partial list 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 partner at Hangar

Mike Ference, partner at Hangar

Josh Vlasto, former chief of staff 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, general counsel at Silicon Valley Bank Financial Group

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