Mayoral Candidate Fernando Mateo Begins New Series “Welcome Back”

Mayoral Candidate Fernando Mateo Begins New Series “Welcome Back”

 

Last Monday, Republican Mayoral Candidate Fernando Mateo launched his new business roundtable series Welcome Back

The series is meant to start a conversation about bringing back businesses that have left New York due to policies and regulations implemented over the past few years. 

The first episode of the series took place in Miami, Florida where he met with a group of 15-20 business dealers to talk about New York’s “anti-business environment.” According to Mateo’s campaign website, his goals “will bring a business mindset to City Hall to install a tax-friendly, pro-business administration that will foster innovation and accomplish economic revitalization for New York City.”

One of the people present included the co-founder and former hedge funder of Diamondback Capital, Chad Loweth, who stated that he “felt hope for the City for the first time in a long time,” thanks to Mateo’s initiatives. Loweth expressed his sadness towards certain fortune 500 companies contemplating leaving the city. 

Another attendee, serial entrepreneur Dennis ‘Donato’ Agalli, said that he had not left New York, but rather, that New York had left him. He described his experience as the city leaving him with nowhere to go, “no public safety, dirty streets, high taxes, unwarranted harassment from city agencies, excessive fines for no reason from police, sanitation and others.”

Mateo essentially made two pledges in regards to his plan to lower the burden entrepreneurs and businesses currently carry in the city. The first one is to use the city’s “economic development agencies to offset tax burdens from Albany and Washinton”. And the second one, to control the “renegade bureaucracy” that imposes “unnecessary fines and ridiculous regulations” on business.

The series is one of the approaches he is currently taking to fulfill his promise of building up the economy of the city. “I [will] ask those businesses that left, to come back. I will make sure that I reach out to every corner of this world, to every country, and let them know that New York City is open for business,” said Mateo in an interview with Ben Max on MNN at the beginning of the month. 

The New York City Mayor Primary Elections will take place later this June and there are currently about forty candidates with hopes of replacing Mayor Bill de Blasio. If you want to read more information about voting and how to vote in New York City click here

 

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