Dimon, Fink Join NYC CEOs Asking Congress for Help With Migrants

New York City business leaders asked Congress and the Biden administration for more money to deal with a flood of 100,000 asylum seekers straining local coffers.

(Bloomberg) — New York City business leaders asked Congress and the Biden administration for more money to deal with a flood of 100,000 asylum seekers straining local coffers.

“The situation is overwhelming the resources not only of the border region but of city and state governments across the nation,” the Partnership for New York City wrote in an open letter to President Joe Biden and congressional leaders Tuesday. 

New York has previously called on other municipalities around the state to take on more responsibility for housing and feeding new arrivals. Mayor Eric Adams and New York Governor Kathy Hochul have said the federal government should mount a comprehensive national response that would provide migrants a path out of New York’s care.

“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 business leaders wrote in Monday’s letter.

Read More: New York Escalates Call for Federal Help on NYC Migrant Crisis

New York voters disapprove of how Adams, Hochul and Biden are handling the crisis, according to a Siena College poll released last week.

The letter was signed by the co-chairmen of the Partnership for New York City, Pfizer Inc. Chief Executive Officer Albert Bourla and Tishman Speyer Properties LP CEO Rob Speyer. They were joined by dozens of other local CEOs, including JPMorgan Chase & Co.’s Jamie Dimon, BlackRock Inc.’s Larry Fink and KKR & Co.’s Henry Kravis.

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