NYC Tech Industry Questions De Blasio

Written By Peter Black | November 22, 2013
2019%2f09%2f13%2f12%2f29%2f21%2f14350493 a66a 4e6f 823e a76b7f4b4e1c%2ffile

Mayor elect Bill de Blasiowho has already successfully terrified real estate developersis now sending waves of nervous shivers through New York’s tech sector. 

Many of New York’s business and tech leaders are deeply disturbed by de Blasio’s agenda. At a recent meeting, de Blasio told his largely pro-business audience that he was “not a free-marketeer.”

The businessmen, who included Jared Kushner of Kushner Properties and Douglas Durst of the Durst Organization, were (unsurprisingly) shocked. 

“It was startling to hear someone in this day and age boldly proclaim he’s not a ‘free marketeer,” said one attendee.

Another said that the audience was  “shocked and speechless” and that de Blasio’s remarks were “scary.”

Tech professionals have been skeptical of de Blasio from the beginning. They think that he’s going to tax them into oblivion, scare away potentially talented employees, and reduce technology related grants.

The mayor elect’s recent criticism of Airbnb seemed to validate these fears. Airbnb, an online company that facilitates short-term apartment rentals, is attempting to change New York City’s lodging laws, which currently make it illegal for tenants to rent out their apartments for less than 30 days. 

De Blasio thinks that short-term rentals are unsafe. His position was criticized by Charlie O'Donnell of Brooklyn Bridge Ventures, who said that, “I'm not even sure most politicians really understand what things drive (tech) or what impact it has.”

Mayor Bloomberg apparently did. He continues to be heralded as a hero of NYC’s technology industry, which has grown rapidly in the last ten years. Bloomberg’s tech triumphs include the appointment of NYC’s first Chief Digital Officer and the creation of the Cornell Technion campus. He also gave numerous grants to technology start-ups, expanded neighborhood broadband networks, and established the annual Big Apps competition. The Brooklyn Tech Triangle also formed under Bloomberg. 

Still, some argue that Bloomberg’s contributions to New York’s Silicon Alley were actually quite minimal.

"There was a lot of cheerleading,” said Gilt founder Kevin Ryan. “The reality is that Bloomberg did not do that much specifically to help the tech sector."

Several technology experts believe that the de Blasio panic is unfounded. Some think that he will be even better for the industry than Bloomberg, citing the fact that de Blasio plans to create a $100 million “Innovation Equity Fund” for tech start-ups and allocate $150 million to the CUNY’s technology scholarship program.

Blog Archive


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2021 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Elegran LLC. IDX information is provided exclusively for consumers’ personal, non- commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Elegran LLC may or may not be the exclusive listing agent of the properties being displayed on All data displayed on is presented for informational purposes only and should be independently confirmed by all customers. All Information is compiled from both public and private sources including, but not limited to the RLS, MLS and ACRIS; each of which is assumed to be reliable. All information displayed is subject to errors and omissions regarding apartment specifications and final sale prices, and further, any unit listed may have had its listing withdrawn without notice subsequent to such information being compiled. No representation is made as to the accuracy of any description (ie: listing, close sale data, and/or building description) of any building or individual unit. All measurements and square footage are approximate and all information herein should be confirmed by customer and/or their attorney. Elegran LLC, its members, affiliates, and contributors adhere to New Your City, New York State, and United States Fair Housing Laws.