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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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Father and Son Behind Bondi Mass Shooting, Australia Police Say

A man lights a candle as police officers stand guard following the attack on a Jewish holiday celebration at Sydney’s Bondi Beach, in Sydney, Australia, December 15, 2025. REUTERS/Flavio Brancaleone

Two gunmen who attacked a Jewish celebration in Sydney’s Bondi Beach that killed 15 people were a father and son, police said on Monday, as Australia mourned victims of its worst gun violence in almost 30 years.

The father, a 50-year-old, was killed at the scene while his 24-year-old son was in critical condition in the hospital, police said at a press conference on Monday. Officials have described the shooting on Sunday as a targeted antisemitic attack.

Witnesses said the attack at the famed beach, which was packed on a hot evening, lasted about 10 minutes, sending hundreds of people scattering along the sand and into nearby streets and parks. Police said around 1,000 people had attended the Hanukkah event.

Forty people remain in hospital following the attack, including two police officers who are in a serious but stable condition, police said. The victims were aged between 10 and 87.

Authorities said they were confident only two attackers were involved in the incident after previously saying they were checking whether a third offender was involved.

Police investigations are ongoing and police numbers have been increased in Jewish communities.

Prime Minister Anthony Albanese, who visited the scene on Monday, called the attack a “dark moment for our nation,” and said police and security agencies were thoroughly checking the motive behind the attack.

“What we saw yesterday was an act of pure evil, an act of antisemitism, an act of terrorism on our shores in an iconic Australian location,” Albanese told reporters.

“The Jewish community are hurting today. Today, all Australians wrap our arms around them and say, we stand with you. We will do whatever is necessary to stamp out antisemitism. It is a scourge, and we will eradicate it together.”

Albanese said several world leaders including US President Donald Trump and French President Emmanuel Macron had reached out and he thanked them for their solidarity.

“In Australia, there was a terrible attack … and that was an antisemitic attack obviously,” Trump said during a Christmas reception at the White House on Sunday, paying respects for the victims of attacks at Bondi and another shooting at Rhode Island’s Brown University.

‘SAW BODIES ON THE GROUND’

A bystander captured on video tackling and disarming an armed man during the attack has been hailed as a hero whose actions saved lives.

In Bondi, hundreds of police personnel remained on site on Monday as the suburb’s main road remained closed, after being declared a crime scene.

Rabbi Mendel Kastel, whose brother-in-law Eli Schlanger was killed in Sunday’s attack, said it had been a harrowing evening.

“You can very easily become very angry and try to blame people, turn on people but that’s not what this is about. It’s about a community,” he said.

“We need to step up at a time like this, be there for each other, and come together. And we will, and we will get through this, and we know that. The Australian community will help us do it,” he added.

Local woman Danielle, who declined to give her surname, was at the beach when the shooting occurred and raced to collect her daughter who was attending a bar mitzvah at a function center near where the alleged shooters were positioned.

“I heard there was a shooting so I bolted there to get my daughter, I could hear gunshots, I saw bodies on the ground. We are used to being scared, we have felt this way since October 7.”

Sunday’s shootings were the most serious of a string of antisemitic attacks on synagogues, buildings and cars in Australia since the beginning of Israel‘s war in Gaza in October 2023.

Australia’s Jewish diaspora is small but deeply embedded in the wider community, with about 150,000 people who identify as Jewish in the country of 27 million. About one-third of them are estimated to live in Sydney’s eastern suburbs, including Bondi.

Major cities including Berlin, London and New York stepped up security around Hanukkah events on Sunday following the attack at Bondi.

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World Reacts to Deadly Shooting at Australia’s Bondi Beach

People walk at the scene of a shooting incident at Bondi Beach, Sydney, Australia, December 14, 2025. Photo: REUTERS/Kirsty Needham

At least 11 people were killed and dozens wounded when gunmen opened fire during a Jewish holiday event at Sydney’s Bondi Beach on Sunday, Australian officials said.

Following are comments from world leaders in the wake of the deadly shooting:

ANTHONY ALBANESE, PRIME MINISTER OF AUSTRALIA

“This is a targeted attack on Jewish Australians on the first day of Hanukkah, which should be a day of joy, a celebration of faith.

“At this dark moment for our nation, our police and security agencies are working to determine anyone associated with this outrage.”

SUSSAN LEY, OPPOSITION LEADER OF AUSTRALIA

“Australians are in deep mourning tonight, with hateful violence striking at the heart of an iconic Australian community, a place we all know so well and love, Bondi.”

BRITAIN’S KING CHARLES

“My wife and I are appalled and saddened by the most dreadful antisemitic terrorist attack on Jewish people attending the Chanukah celebration at Bondi Beach.

“Our hearts go out to everyone who has been affected so dreadfully, including the police officers who were injured while protecting members of their community. We commend the police, emergency services and members of the public whose heroic actions no doubt prevented even greater horror and tragedy.”

FRENCH PRESIDENT EMMANUEL MACRON

“In Sydney, an antisemitic terrorist attack struck families gathered to celebrate Hanukkah. France extends its thoughts to the victims, the injured and their loved ones. We share the pain of the Australian people and will continue to fight relentlessly against antisemitic hatred, which hurts us all, wherever it strikes.”

US SECRETARY OF STATE, MARCO RUBIO

“Antisemitism has no place in this world. Our prayers are with the victims of this horrific attack, the Jewish community, and the people of Australia.”

UN SECRETARY-GENERAL ANTONIO GUTERRES

“I am horrified and condemn today’s heinous deadly attack on Jewish families gathered in Sydney to celebrate Hannukah. My heart is with the Jewish community worldwide on this first day of Hannukah, a festival celebrating the miracle of peace and light vanquishing darkness.”

FRIEDRICH MERZ, CHANCELLOR OF GERMANY

“The antisemitic attack at Bondi Beach during Hanukkah leaves me utterly shocked. My thoughts are with the victims and their families. This is an attack on our shared values. We must fight antisemitism – here in Germany and around the world.”

NARENDRA MODI, PRIME MINISTER OF INDIA

“Strongly condemn the ghastly terrorist attack carried out today at Bondi Beach, Australia, targeting people celebrating the first day of the Jewish festival of Hanukkah.

“On behalf of the people of India, I extend my sincere condolences to the families who lost their loved ones. We stand in solidarity with the people of Australia in this hour of grief. India has zero tolerance towards terrorism and supports the fight against all forms and manifestations of terrorism.”

KEIR STARMER, UK PRIME MINISTER

“Deeply distressing news from Australia. The United Kingdom sends our thoughts and condolences to everyone affected by the appalling attack in Bondi Beach.”

CHRISTOPHER LUXON, PRIME MINISTER OF NEW ZEALAND

“Australia and New Zealand are closer than friends, we’re family. I am shocked by the distressing scenes at Bondi, a place that Kiwis visit every day.

“My thoughts, and the thoughts of all New Zealanders, are with those affected.”

BENJAMIN NETANYAHU, PRIME MINISTER OF ISRAEL

“A few months ago, I wrote a letter to the prime minister of Australia. I told him that their policies pour fuel on the antisemitic fire. It encourages the Jew hatred now stalking your streets. Antisemitism is a cancer. It spreads when leaders stay silent, and you must replace weakness with action.

“This didn’t happen in Australia, and something terrible happened there today: cold-blooded murder. The number of those murdered, sadly, grows, with each moment.”

GIDEON SA’AR, FOREIGN MINISTER OF ISRAEL

“I’m appalled by the murderous shooting attack at a Hanukkah event in Sydney, Australia.

“These are the results of the anti-Semitic rampage in the streets of Australia over the past two years, with the anti-Semitic and inciting calls of ‘Globalise the Intifada’ that were realized today.”

IRAN FOREIGN MINISTRY SPOKESPERSON, ESMAEIL BAGHAEI

“We condemn the violent attack in Sydney, Australia. The assassination and killing of human beings, wherever it occurs, is reprehensible and condemned.”

URSULA VON DER LEYEN, EUROPEAN COMMISSION PRESIDENT

“Shocked by the tragic attack at Bondi Beach. I send my heartfelt condolences to the families and loved ones of the victims.

“Europe stands with Australia and Jewish communities everywhere. We are united against violence, antisemitism and hatred.”

DONALD TUSK, PRIME MINISTER OF POLAND

“My deepest condolences to the families of the victims of the terrible terrorist attack at Bondi Beach in Sydney. Antisemitism, wherever it appears, leads to acts of crime. Today, Poland stands with Australia in this moment of grief.”

KAROL NAWROCKI, PRESIDENT OF POLAND

“I express my full condemnation of the terrorist attack in Sydney. I extend my condolences to the families of the victims of this unimaginable crime.”

SPANISH FOREIGN MINISTER JOSE MANUEL ALBARES

“Horrified by the terrorist attack in Australia against the Jewish community. My solidarity with the victims and their loved ones, with the people and government of Australia.

“Hate, antisemitism, and violence have no place in our societies.”

JONAS GAHR STOERE, PRIME MINISTER OF NORWAY

“I am shocked by the horrific attack at Bondi Beach, Australia, during a Jewish Hanukkah event.

“I condemn this despicable act of terror in the strongest possible terms. My deepest condolences to all those affected by today’s tragic attack.”

ULF KRISTERSSON, PRIME MINISTER OF SWEDEN

“Appalled by the attack in Sydney, targeted against the Jewish community.

“My thoughts are with the victims and their families. Together, we must fight the spread of antisemitism.”

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After Australia shooting, Jewish leaders say Mamdani’s refusal to condemn ‘globalize the intifada’ has consequences

The shooting attack targeting a Hanukkah celebration at Sydney’s popular Bondi Beach on the first night of Hanukkah, in which at least 15 people were killed, reignited sharp criticism of New York City Mayor-elect Zohran Mamdani’s refusal to condemn the “globalize the intifada” slogan during the mayoral election.

“When you refuse to condemn and only ‘discourage’ use of the term ‘Globalize the Intifada,’ you help facilitate (not cause) the thinking that leads to Bondi Beach,” Deborah Lipstadt, a Holocaust historian and the State Department special envoy to combat and monitor antisemitism in the Biden administration, wrote on X in a post addressed to Mamdani.

Police said a father and son were behind the mass shooting in Australia, with authorities adding that they would need more time to determine a motive.

Mamdani, a supporter of the Boycott, Divestment and Sanctions movement against Israel, faced fierce backlash during the Democratic primary for defending the slogan used by some at the pro-Palestinian protests and perceived by many as a call for violence against Jews. After his surprise primary victory in June, Mamdani clarified that he understood why the phrase alarmed people and noted that it was not language he personally uses, but he declined to explicitly condemn it.

He later said he would “discourage” the use of that phrase after hearing from Jewish leaders who experienced the bus bombings during the Second Intifada in the early 2000s.

Lipstadt included a link to a June Politico article detailing Mamdani’s initial refusal to condemn the slogan.

Rabbi David Wolpe, the emeritus rabbi of Sinai Temple in Los Angeles and a harsh critic of Harvard’s handling of antisemitism on campus, wrote, “How about now, Mr. Mayor?” Republicans and Mamdani critics echoed the same sentiment.

New York City is home to the largest concentration of Jews in the United States.

Outgoing Mayor Eric Adams indirectly referenced the controversy during a press conference with Police Commissioner Jessica Tisch, who Mamdani has reappointed to serve in his administration. “That attack in Sydney is exactly what it means to ‘globalize the Intifada,’” Adams said. “We saw the actual application of the globalization of the intifada in Sydney.”

Mamdani issued a statement on Sunday, calling the attack in Sydney a “vile act of antisemitic terror” and “the latest, most horrifying iteration in a growing pattern of violence targeted at Jewish people across the world.” He said the deadly attack should be met with urgent action to counter antisemitism. He also reiterated his pledge to “work every day to keep Jewish New Yorkers safe — on our streets, our subways, at shul, in every moment of every day.”

A spokesperson for Mamdani didn’t immediately respond to comment on Lipstadt’s post.

In an interview aired Sunday, Mamdani responded to criticism from Rabbi Ammiel Hirsch, the senior rabbi of Stephen Wise Free Synagogue, who said after a meeting with Mamdani on Thursday that the mayor-elect’s refusal to recognize Israel specifically as a Jewish state could fuel antisemitism.

Hirsch, who also serves as president of the New York Board of Rabbis, was present at a 45-minute discussion with Mamdani as part of the mayor-elect’s outreach to Jewish leaders. Rabbi Joe Potasnik, executive vice president of the New York Board of Rabbis, said the conversation was “candid” and “constructive.”

“Rabbi Hirsch is entitled to his opinions,” Mamdani told CBS New York’s political reporter Marcia Kramer on her program The Point. “The positions that I’ve made clear on Israel and on Palestine, these are part of universal beliefs of equal rights and the necessity of it for all people everywhere.” He added, “My inability to say what Rabbi Hirsch would like me to say comes from a belief that every state should be of equal rights, whether we’re speaking about Israel or Saudi Arabia or anywhere in the world.”

The post After Australia shooting, Jewish leaders say Mamdani’s refusal to condemn ‘globalize the intifada’ has consequences appeared first on The Forward.

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