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Mamdani’s BDS Support Under Spotlight as New Report Shows Israeli Firms Boosted NYC Economy by $12.4B Last Year
Candidate Zohran Mamdani speaks during a Democratic New York City mayoral primary debate, June 4, 2025, in New York, US. Photo: Yuki Iwamura/Pool via REUTERS
One week out from New York City’s mayoral election, frontrunner Zohran Mamdani’s ardent support for boycotting Israel will likely face renewed focus from New Yorkers concerned about their wallets, with a new report revealing that Israeli firms pour billions of dollars and tens of thousands of jobs into the local economy.
A new study from the United States-Israel Business Alliance revealed that, based on 2024 data, 590 Israeli-founded companies directly created 27,471 jobs in New York City last year and indirectly created over 50,000 jobs when accounting for related factors, such as buying and shipping local products.
These firms generated $8.1 billion in total earnings, adding an estimated $12.4 billion in value to the city’s economy and $17.9 billion in total gross economic output.
As for the State of New York overall, the report, titled the “2025 New York – Israel Economic Impact Report,” found that 648 Israeli-founded companies generated $8.6 billion in total earnings and $19.5 billion in gross economic output, contributing a striking $13.3 billion in added value to the economy. These businesses also directly created 28,524 jobs and a total of 57,145 when accounting for related factors.
From financial tech leaders like Fireblocks to cybersecurity powerhouse Wiz, Israeli entrepreneurs have become indispensable to the city’s innovation ecosystem. The number of Israeli-founded “unicorns,” privately-held companies with a valuation of at least $1 billion,” operating in New York City has quadrupled since 2019, increasing from five to 20.
“When Israeli tech entrepreneurs think about entering the US market or positioning their companies for global growth, New York City is at the top of the list,” US-Israeli Business Alliance President Aaron Kaplowitz said in a statement. “Ultimately, this cosmopolitan appeal translates into more local jobs and more money flowing through the city’s economy.”
The report came out days before next week’s New York City mayoral election, in which Mamdani, the Democratic nominee, remains the frontrunner. However, a new Suffolk University poll released on Monday showed a tightening race, with former New York Gov. and independent candidate Andrew Cuomo cutting Mamdani’s lead in half to just 10 points, 44 percent to 34 percent.
Mamdani, a far-left democratic socialist who has made anti-Israel activism a cornerstone of his political career, has repeatedly accused Israel of “apartheid” and refused to recognize its right to exist as a Jewish state.
He has also been an outspoken supporter of the boycott, divestment, and sanctions (BDS) movement, which seeks to isolate Israel on the international stage as a step toward its eventual elimination. It is unclear to what degree Mamdani would seek to implement his BDS activism if elected mayor.
Such positions have raised alarm bells among not only New York’s Jewish community but also Israeli business owners and investors, who fear a hostile climate under Mamdani’s leadership.
One Israeli tech CEO, speaking to the New York Post on condition of anonymity, said that his business could be another to flourish in New York but that a Mamdani administration would make him think twice about landing in the city.
“I need to see if his words have any meaningful impact on the ground,” the CEO told the Post. “If someone on our team is moving to New York, I want them to be in a pleasant area where they don’t feel fearful, or, from a business perspective, deal with people that are shying away because the company’s Israeli.”
During his short tenure in city politics, Mamdani has amassed a substantial anti-Israel track-record.
In 2021, Mamdani issued public support for the BDS movement. In May 2023, he advanced the “Not on our dime!: Ending New York Funding of Israeli Settler Violence Act,” legislation which would ban charities from using tax-deductible donations to aid organizations that work in Israeli communities in the West Bank. Mamdani argued that the legislation would help the state fight against so-called Israeli “war crimes” against Palestinians.
On Oct. 8, 2023, 24 hours following the deadliest day for Jews since the Holocaust when Hamas invaded Israel, Mamdani published a statement condemning Israeli Prime Minister Benjamin “Netanyahu’s declaration of war.” He also suggested that Israel would use the terrorist attacks to justify committing a second “nakba,” the Arabic term for “catastrophe” used by Palestinians and anti-Israel activists to refer to the establishment of the modern state of Israel in 1948.
Five days later, Mamdani further criticized Israel’s response to the Hamas-led massacre, saying that “we are on the brink of a genocide of Palestinians in Gaza right now.”
In January 2024, he called on New York City to cease sending funds to Israel, saying that “voters oppose their tax dollars funding a genocide.”
Mamdani is also a member of the controversial Democratic Socialist of America organization (DSA), which has formally endorsed the BDS movement.
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German government pledges record $1B in funding for Holocaust survivor home care
(JTA) — The German government has agreed to allocate $1.08 billion in funds for home care for survivors for 2026, marking the largest budget for home care in its history of Holocaust reparations, reflecting the growing needs of an aging survivor population.
The funding, which was secured following negotiations with the Conference on Jewish Material Claims Against Germany, or Claims Conference, will now enable all Holocaust survivors currently on waitlists for home care to receive it, according to Stuart E. Eizenstat, who leads negotiations on behalf of the Claims Conference.
“We really believe now that, with the largest home care budget in the history of the Claims Conference’s negotiations with Germany, which go back to 1952, that we will be able to cover all those on waiting lists,” Eizenstat said in an interview.
Last year, Germany also set a record for Holocaust reparations, spending $1.5 billion overall. But as the survivor population ages, with the median age now at 87, the need for home care has become the dominant expense.
Nearly all of the Holocaust survivors who are alive today will be dead within 15 years and half will die by 2031, according to a demographic analysis published by the Claims Conference in April.
“As we’re in the last phase now of survivors — in 10 years, half of the survivors, and there’s about 200,000 now, will be gone — so we’re dealing with people in the very last stages of their life and and it’s very rewarding to provide a measure of dignity, both through these payments, but again, through home care,” Eizenstat said.
One difficulty during the negotiations, according to Eizenstat, came from explaining to German officials that although the survivor population has dramatically decreased over the years, the needs among the remaining population are much greater and require additional funding.
“Yes, there are fewer survivors, but those who live into their 80s and into their 90s are by definition in greater need of care,” said Eizenstat. “So even though the numbers are down, the needs are up, and that was a very difficult concept to get across.”
Eizenstat said that of the remaining estimated 200,000 survivors, over 80% of the population in countries that made up the Soviet Union are living below or near the poverty line. In the United States and Israel, around a third are living in or near the poverty line.
“I’m hoping that this can prompt local federations to supplement what we’ve done and to make sure that survivors in their last years don’t live impoverished, that they have a dignity that was denied them when they’re young,” said Eizenstat.
He added that this year’s negotiations had been the “most satisfying” since he began helming the organization’s Negotiations Delegation in 2009 given the distance of current-day Germans from the atrocities and the challenge posed by Germany’s economic crisis.
“These are people who literally weren’t born during the war, or if they were, they were young children, and yet they still feel a moral responsibility,” Eizenstat said. “It belies the notion that there’s Holocaust fatigue in Germany because it’s coming at a time of crushing financial burdens from Ukraine, from the need to stimulate their economy because of slow growth. This really is a combination of what Germany deserves great credit for under difficult circumstances.”
The negotiation also secured funding for a group the Claims Conference referred to as “Righteous Rescuers,” or non-Jewish people who risked their lives to save Jews during the Holocaust.
“It demonstrates that we care deeply about making sure they get all the benefits of the Jewish survivors that they helped save,” said Eizenstat.
The German government also extended its support for Holocaust education programs through 2029, totalling $205 million over the next four years. The Claims Conference first negotiated support for Holocaust education from Germany in 2022.
“The survivors, the eye-witnesses, won’t be here, and we need Holocaust education desperately at a time of rising antisemitism, Holocaust distortion, denial and sheer ignorance,” Eizenstat said.
Eizenstat said he hopes the expanded funding for survivor care and Holocaust education will also carry a broader message about tolerance and empathy.
“I hope that these are the two major things that will draw as lessons and they remind us, at a time of traumatic intolerance in the United States and over the world, against minorities and others, that the real lesson of the Holocaust is to be tolerant of people who are different, to work out your differences and not to stigmatize,” Eizenstat said. “We need to be tolerant. We need to be humane. We need to all work together to solve our problems and not view each other as enemies.”
The post German government pledges record $1B in funding for Holocaust survivor home care appeared first on The Forward.
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German government pledges record $1B in funding for Holocaust survivor home care
The German government has agreed to allocate $1.08 billion in funds for home care for survivors for 2026, marking the largest budget for home care in its history of Holocaust reparations, reflecting the growing needs of an aging survivor population.
The funding, which was secured following negotiations with the Conference on Jewish Material Claims Against Germany, or Claims Conference, will now enable all Holocaust survivors currently on waitlists for home care to receive it, according to Stuart E. Eizenstat, who leads negotiations on behalf of the Claims Conference.
“We really believe now that, with the largest home care budget in the history of the Claims Conference’s negotiations with Germany, which go back to 1952, that we will be able to cover all those on waiting lists,” Eizenstat said in an interview.
Last year, Germany also set a record for Holocaust reparations, spending $1.5 billion overall. But as the survivor population ages, with the median age now at 87, the need for home care has become the dominant expense.
Nearly all of the Holocaust survivors who are alive today will be dead within 15 years and half will die by 2031, according to a demographic analysis published by the Claims Conference in April.
“As we’re in the last phase now of survivors — in 10 years, half of the survivors, and there’s about 200,000 now, will be gone — so we’re dealing with people in the very last stages of their life and and it’s very rewarding to provide a measure of dignity, both through these payments, but again, through home care,” Eizenstat said.
One difficulty during the negotiations, according to Eizenstat, came from explaining to German officials that although the survivor population has dramatically decreased over the years, the needs among the remaining population are much greater and require additional funding.
“Yes, there are fewer survivors, but those who live into their 80s and into their 90s are by definition in greater need of care,” said Eizenstat. “So even though the numbers are down, the needs are up, and that was a very difficult concept to get across.”
Eizenstat said that of the remaining estimated 200,000 survivors, over 80% of the population in countries that made up the Soviet Union are living below or near the poverty line. In the United States and Israel, around a third are living in or near the poverty line.
“I’m hoping that this can prompt local federations to supplement what we’ve done and to make sure that survivors in their last years don’t live impoverished, that they have a dignity that was denied them when they’re young,” said Eizenstat.
He added that this year’s negotiations had been the “most satisfying” since he began helming the organization’s Negotiations Delegation in 2009 given the distance of current-day Germans from the atrocities and the challenge posed by Germany’s economic crisis.
“These are people who literally weren’t born during the war, or if they were, they were young children, and yet they still feel a moral responsibility,” Eizenstat said. “It belies the notion that there’s Holocaust fatigue in Germany because it’s coming at a time of crushing financial burdens from Ukraine, from the need to stimulate their economy because of slow growth. This really is a combination of what Germany deserves great credit for under difficult circumstances.”
The negotiation also secured funding for a group the Claims Conference referred to as “Righteous Rescuers,” or non-Jewish people who risked their lives to save Jews during the Holocaust.
“It demonstrates that we care deeply about making sure they get all the benefits of the Jewish survivors that they helped save,” said Eizenstat.
The German government also extended its support for Holocaust education programs through 2029, totalling $205 million over the next four years. The Claims Conference first negotiated support for Holocaust education from Germany in 2022.
“The survivors, the eye-witnesses, won’t be here, and we need Holocaust education desperately at a time of rising antisemitism, Holocaust distortion, denial and sheer ignorance,” Eizenstat said.
Eizenstat said he hopes the expanded funding for survivor care and Holocaust education will also carry a broader message about tolerance and empathy.
“I hope that these are the two major things that will draw as lessons and they remind us, at a time of traumatic intolerance in the United States and over the world, against minorities and others, that the real lesson of the Holocaust is to be tolerant of people who are different, to work out your differences and not to stigmatize,” Eizenstat said. “We need to be tolerant. We need to be humane. We need to all work together to solve our problems and not view each other as enemies.”
—
The post German government pledges record $1B in funding for Holocaust survivor home care appeared first on Jewish Telegraphic Agency.
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Vance downplays ‘little skirmishes’ as Israel bombs in Gaza and Hamas fails to return hostages
(JTA) — Israel carried out a bombing campaign in Gaza on Tuesday in response to what it said was violations of the two-week-old ceasefire by Hamas.
Hamas, meanwhile, rejected the claim that it was behind an attack on Israeli soldiers and said Israel’s bombing was the ceasefire violation.
The two developments, plus Hamas’ continued holding of 13 hostages’ remains, represented the biggest threats yet to the U.S. brokered ceasefire in the two-year-long Gaza war. But U.S. Vice President JD Vance said he remained unconcerned.
“The ceasefire is holding,” Vance told reporters in Washington. “That doesn’t mean that there aren’t going to be little skirmishes here and there.”
Vance traveled to Israel last week as part of a U.S. pressure campaign to preserve the truce and set the region on a path toward a deeper peace. Both Israel and Hamas have tested the terms of the ceasefire.
Hamas has not released the remains of all of hostages as required by the ceasefire and on Monday night returned remains belonging to a murdered Israeli whose body had previously been returned to Israel. Video footage from Gaza appeared to show Hamas placing the remains underground before retrieving them to hand to the Red Cross for transport to Israel — a charade that the Red Cross denounced as “unacceptable” in a statement.
Hamas said it would halt the planned release of another hostage’s remains on Tuesday after Israeli Prime Minister Benjamin Netanyahu’s office said he ordered “immediate and powerful strikes in Gaza” following a meeting of his security advisors.
The strikes followed an attack on Israeli soldiers in Rafah, a portion of Gaza that remains under Israeli military control.
“The attack on IDF soldiers in Gaza today by the Hamas terror organization crosses a glaring red line to which the IDF will respond with great force,” Foreign Minister Israel Katz said in a statement. “Hamas will pay many times over for attacking the soldiers and for violating the agreement to return the fallen hostages.”
Hamas said it did not carry out the attack and that the airstrikes, which it said killed at least nine people in Gaza, represented a violation of the ceasefire. But it said it remained committed to the truce, which has so far allowed it to reassert control within Gaza. A second phase, required once all hostages are released, calls for Hamas’ disarmament.
Vance said he understood that an Israeli soldier had been attacked. “We expect the Israelis are going to respond, but I think the president’s peace is going to hold despite that,” he said.
The post Vance downplays ‘little skirmishes’ as Israel bombs in Gaza and Hamas fails to return hostages appeared first on The Forward.
