Posted on 09/16/2022 4:35:52 PM PDT by lowbridge
At a private dinner Wednesday at New York's swanky Le Pavillon, New York City Mayor Eric Adams called on tech executives to keep their companies in the city, even as industry leaders raise concerns to city officials of soaring rents and an increase in violent crime.
Over entrees of steak, halibut or pasta and copious amounts of wine, Adams made an "impassioned plea for tech executives to stay and invest in New York," said one attendee. He told the more than two dozen tech leaders: "New York City needs and wants technology companies," another attendee said, adding that city officials want tech companies 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 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 spoke about the importance of tech to NYC and government innovation."
The select group of diners felt "incredibility impressed with his accessibility and understanding of their industry" one of the attendees said. The people who described the dinner declined to be named in order to speak about a private event.
Adams' bid to encourage tech leaders and companies to stay in New York comes as City Hall officials have privately fielded complaints from tech leaders about skyrocketing rents and surging crime rates.
Median asking rents on active listings throughout 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 rent for those who live in a rent-stabilized apartment, NBC New York reported.
(Excerpt) Read more at cnbc.com ...
Ultimately it is upto the wives of the tech execs whether they want to tolerate the crime and declining social/educational standards in NYC, or move to a less enlightened but safer place like Tennessee.
Make sure all the workers report to the office—who cares if you lose a few employees to street crime?
;-)
But Mr. Mayor, AOC didn’t like Amazon.
Hey baby, the black eye doesn’t look so bad. You know you had it coming. Just do what I ask from now on and everything will go back to the way it was in the good days. I promise. Joey wouldn’t lie to you would he?
“... as industry leaders raise concerns to city officials of soaring rents and an increase in violent crime.”
What does the Mayor propose when it comes to these concerns? Sweet talking corporate execs? Tech companies, probably more than any other sector, can have their people located anywhere with good internet. New York City is dying. Giving corporate execs a nice dinner won’t save it.
It’s time for a pipeline not from school to prison but from the streets to microprocessor design! Yeah, that’s the ticket!
Dear NYC Landlords:
Our employees are sick of their absurdly high rents. Cut the rents or we’ll get out of the city.
...CEO of...
...CFO of...
...CEO of...
...Chairperson of the Board of...
....
Sam Softwareguy pays top dollar so Lou Lazy can get off cheap.
Dear State Legislator...:
Our employees are tired of getting screwed over when it comes to rents....
Kiss billions in annual income tax goodbye unless you act.
Those who attended the dinner could also 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.
A free meal on one night vs. potentially being a target of the “knock-out game” the other 364 nights. What means more to you, tech. execs?
NYC is becoming Gotham. We’ve all seen the movies. We don’t want to be in one.
The execs are more likely to buy a house in a posh NJ suburb for their family. Chatham, Englewood Cliffs, Summit, some place like that - who cares if the property tax is $25K, if keeps the riff-raff out.
Elitists.
I’d do it if the meal was free.
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