Jake Smith on August 29, 2023
NEW YORK, NY – A number of top-level business executives and CEOs have joined the call for federal aid in New York City as the migrant crisis in the city continues to surge, according to a letter sent to President Joe Biden on Monday.
Over 120 business executives called on Biden to address New York City’s “overwhelming” migrant crisis through federal assistance, according to the letter. But the Biden administration indicated that ample resources had already been provided, and the state’s leadership was to blame, according to a letter from Department of Homeland Security Secretary Alejandro Mayorkas on Monday.
“The New York business community is deeply concerned about the humanitarian crisis that has resulted from the continued flow of asylum-seekers into our country,” the executives wrote to Biden. “The situation is overwhelming the resources not only of the border region but of city and state governments across the nation.”
Among the list of business executives and CEOs who signed the letter are Larry Fink of Blackrock, Jamie Dimon of JP Morgan, Jane Fraser of Citigroup and Charles Scharf of Wells Fargo. The executives echoed calls from New York City Mayor Eric Adams and Gov. Kathy Hochul for increased federal aid from the Biden administration as thousands of migrants continue to pour into the state.
“We urge you to take immediate action to better control the border and the process of asylum and provide relief to the cities and states that are bearing the burdens posed by the influx of asylum seekers,” the executives wrote.
But a response from the Biden administration laid blame on Democratic leadership in the state, according to a letter sent by Mayorkas to Hochul and Adams on Monday. The state’s lack of leadership has led to poor organization of resources and failure to plan for the future, according to Mayorkas.
Nearly 100,000 migrants are currently located in New York state as the number of asylum-seekers coming from the southern border continues to surge. Migrants in the state have to wait 180 days to receive a work permit, and many are forced to sleep outside in the city as shelters have become overwhelmed.
Hochul has committed $1.5 billion to try to mitigate the crisis, and recently accused Adams of busing migrants into the state’s suburbs while also refusing state assistance. Adams estimated the migrant crisis would cost the city roughly $4.3 billion over two years, and said in early August that “from this moment on is downhill.”
Big Business CEOs Urge Biden To Help Fix Migrant Crisis In New York
Adams, Hochul and DHS did not immediately respond to a request for comment.
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