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New York Mayor Eric Adams asks tech leaders at private dinner to keep companies in the city

During a private dinner on Wednesday at the swanky Le Pavilion in New York, New York City Mayor Eric Adams called on tech executives to keep their businesses in the city, even as industry leaders speak out their concerns to city officials about skyrocketing rents and violent crime.

Over entrees of steak, halibut or pasta and copious amounts of wine, Adams made a “passionate plea for tech leaders to stay and invest in New York,” one attendee said. He told the more than two dozen tech leaders who were there, “New York City needs and wants tech companies,” said another attendee., adding that city officials want tech companies to “help grow this city’s economy.”

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

“Although we do not discuss private conversations, Mayor Adams always welcomes and encourages businesses to come to New York,” Levy said in an email. “During his keynote, he spoke about the importance of technology to NYC and government innovation.”

The group felt “incredibly impressed with their accessibility and understanding of their industry,” said one of the attendees.

The people who described the dinner declined to be named to discuss a private event. Adams’ move to encourage tech executives and companies to stay in New York comes as city hall officials privately filed complaints from tech executives about skyrocketing rents and demand. crime.

According to Bloomberg, median asking rents on active listings in much of Manhattan and Brooklyn jumped 40% or more in the second quarter compared to the same period last year. The NYC Rent Guidelines Board recently voted to raise the rent for those living in a rent-stabilized apartment, NBC New York reported.

New York’s crime statistics have also been constantly changing since early July, when citywide shootings increased from a year earlier, the city announced last month.

However, shootings in August fell about 30% from the same month last year, according to city crime statistics. At the same time, there was a year-over-year increase in other crimes over the same period, including burglary, robbery and robbery.

Longtime angel investor Ron Conway co-hosted the event with Josh Mendelsohn, managing partner of tech-focused investment firm Hangar, Mike Ference, another Hangar partner and Julie Samuels, founder of the group of defending technologies from New York Tech: NYC, according to a list of hosts and attendees provided to CNBC.

Celebrity chef Daniel Boulud, who runs the company that owns the Pavilion, stopped by to chat, attendees said.

“It was a great way for him to meet tech CEOs.” Conway said in an interview, noting the importance of technology leaders and businesses engaging civically. Mendelsohn, Ference and Samuels did not return requests for comment. Representatives for everyone else listed as attending the dinner declined to comment or did not return a request for comment.

Those who attended the dinner could also help Adams when he is re-elected in 2025. City campaign finance records show Adams raised just over $850,000 for his 2025 re-election campaign.

Alan Patricof and Conway are among dinner attendees who have been prolific political fundraisers. The two helped raise at least $100,000 for President Joe Biden’s 2020 campaign for the White House, according to the nonpartisan OpenSecrets.

Partial list of dinner attendees:

Alan Patricof, co-founder of Greycroft

Ron Conway, Founder of SV Angel

Julie Samuels, Founder of Tech:NYC

Josh Mendelsohn, Managing Partner at Hangar

Mike Ference, Partner at Hangar

Josh Vlasto, ex-Governor Andrew Cuomo’s former chief of staff and Hangar adviser

Dave Gilboa and Neil Blumenthal, co-CEOs of Warby Parker

Mario Schlosser, co-founder of Oscar Health

Valerie Jarrett, former adviser 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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