Top CEOs Call on Washington for Help with Asylum Seekers in NYC
As the migrant crisis in New York City worsens, with over 100,000 arrivals from the southern U.S. border overwhelming shelters, influential business leaders are stepping in to address the issue of responsibility. In a letter sent to President Biden and congressional leaders, more than 120 executives, including Jamie Dimon of JPMorgan Chase, Larry Fink of BlackRock, and Jane Fraser of Citigroup, urged Washington to provide federal assistance in response to New York State’s request for help. However, it seems that the Biden administration may not heed these calls, as recent communications indicate.
The letter emphasizes the urgent nature of the crisis and highlights the strain on local governments’ financial resources caused by the influx of asylum seekers. “The situation is overwhelming the resources not only of the border region but of city and state governments across the nation,” the letter states. Additionally, the arrival of migrants is impacting New York-based companies, as new arrivals are being forced to sleep outdoors in the city despite the opening of emergency sites. Reports of long lines outside the Roosevelt Hotel, located just blocks away from JPMorgan’s offices in Midtown, further illustrate the impact on businesses.
The CEOs also assert that immigration control is a federal matter and align themselves with Governor Kathy Hochul’s call for federal funding for educational, housing, security, and healthcare services for migrants. They also support Mayor Eric Adams and Governor Hochul’s requests for expedited processing of asylum applications and work permits, arguing that newly arrived migrants should not have to wait 180 days before being able to work legally.
However, the Biden administration has pushed back against New York’s requests. Homeland Security Secretary Alejandro Mayorkas, in letters to city and state officials, critiqued New York’s approach to the crisis, citing “structural and operational issues.” Mayorkas suggested alternative locations for housing migrants, including federal sites such as Kennedy Airport and Floyd Bennett Field in Queens. New York officials, however, responded by reiterating their original requests, arguing that many of these locations were too far from the city.
It remains uncertain whether the voices of these prominent business leaders, many of whom are Democratic donors, will help resolve the impasse between New York and the federal government.
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