As Mamdani proposes tax hikes and economic reforms, business leaders weigh in. From potential exodus fears to the impact on real estate and Gen Z engagement, the future of NYC’s economy hangs in the balance.
The recent introduction of a $100,000 fee for H-1B visa applications has left small firms and startups in distress, fearing it could stifle innovation and economic growth. As the tech giants adapt, smaller businesses grapple with the financial burden, impacting hiring practices across various sectors.
