New York City Business Community Backs Mayor Eric Adams

New York City's thriving business district, the heart of economic activity.

News Summary

As the general election approaches, New York City’s business and real estate sectors are increasingly supporting Mayor Eric Adams. Recent endorsements highlight a shift in political allegiance from former Governor Andrew Cuomo. Adams has seen significant fundraising success, raising over $1.5 million from business employees, including notable contributions from real estate firms. Supporting super PACs have also emerged as donor interest grows. Alongside these developments, Adams emphasizes public safety while balancing law enforcement and immigration policies, gaining community engagement through technology and outreach initiatives.

New York City Business Community Shifts Support to Mayor Eric Adams Ahead of General Election

New York City’s business and real estate sectors are increasingly backing Mayor Eric Adams as the city approaches the upcoming general election. This shift in support comes amid dissatisfaction with former governor Andrew Cuomo and highlights Adams’ growing influence within the local economic community.

Growing Support for Adams Among Business Leaders

Several prominent business figures and organizations are now endorsing Adams, citing his proactive stance on issues pertinent to the city’s economic vitality. Notably, some leaders have expressed frustration with Cuomo’s campaign, which they see as lacking momentum despite a significant financial investment during his run. According to recent campaign finance disclosures, Adams has amassed over $1.5 million from employees across the business and real estate sectors, reflecting strong financial backing from industry insiders.

Among the largest donations is a $250,000 contribution from the head of Extell Development, a major real estate firm. Employees of SL Green, a real estate company seeking to develop a casino in Times Square, contributed nearly $70,000. SL Green’s chairman, Marc Holliday, publicly praised Adams for his support of business interests and social activism, indicating a favorable perception of the mayor’s leadership qualities.

Fundraising Success and Political Dynamics

Adams’ campaign has made notable strides in fundraising, including a recent event in Florida that drew support from influencers aligned with former President Trump. This event alone reportedly raised about $1 million. Additionally, the super PAC Empower NYC supporting Adams reported raising $425,000 and noted an increase in donor interest since the primary concluded.

Many donors are now showing fatigue with Cuomo’s bid, recalling over $24 million invested in his campaign — a sum they feel did not translate into electoral success. This financial and strategic dissatisfaction has contributed to the shifting allegiances within the city’s political landscape.

Undecided and Supporter Perspectives

While some former Cuomo supporters, such as Kenny Burgos of the New York Apartment Association, remain undecided, others are clearly aligning with Adams’ vision. The broader political environment remains competitive as the race approaches, with key figures weighing their options amid a crowded field.

Public Safety and Law Enforcement Initiatives

In recent developments related to public safety, a Customs and Border Protection officer shot in an incident in New York City is currently hospitalized in stable condition. Authorities have arrested two suspects connected to the shooting. Mayor Adams has publicly emphasized his support for law enforcement efforts aimed at apprehending violent offenders, while also voicing opposition to broad Immigration and Customs Enforcement (ICE) crackdowns targeting undocumented individuals outside criminal contexts.

Adams attributes recent gun violence, including the officer shooting, to bail reform laws enacted under Cuomo’s administration, describing the criminal justice system as a “revolving door.” He has called for changes to enhance public safety measures, including increased police engagement and community policing initiatives.

Engagement and Community Outreach

The mayor also participated in a new public safety initiative, collaborating with the Citizen app to facilitate real-time alerts about incidents across city neighborhoods. This initiative aims to better inform residents and reinforce communication between law enforcement and the community.

Furthermore, Adams has reiterated his commitment to visiting New York Housing Authority (NYCHA) developments and other neighborhood venues to address residents’ safety concerns directly. He recently engaged in community events, including performing physical challenges like pull-ups on a street light, to promote community positivity through the “Pull-up for Peace Challenge.”

Relationship with Federal Authorities

Adams continues to maintain an understated independent stance regarding his relationship with federal agencies, despite scrutiny over potential connections to the Trump administration. He asserts that his approach remains focused on securing safety and economic development for the city while working collaboratively with various political and community stakeholders.

As the election approaches, the shifting backing within New York City’s business community signals evolving political alliances and priorities. Mayor Adams’ growing financial and institutional support underscores his emerging prominence as a key candidate in the city’s political landscape.