A brand new political motion committee has been launched to assist Democratic nominee Zohran Mamdani as New York’s enterprise and finance group construct out fundraising aimed toward turning again his bid to develop into New York’s subsequent mayor.
The professional-Mamdani PAC, known as OneNYC, was shaped on Thursday, state filings present. Its treasurer is listed as Yasser Salem, a associate at Hira Ventures, an organization described on his LinkedIn profile as “an early- and growth-stage private investment firm dedicated to building exceptional healthcare and education companies.”
Salem graduated from Harvard Enterprise Faculty, an internet bio exhibits, and beforehand labored at McKinsey and The Public Funding Fund. He declined to share extra particulars concerning the PAC or any particular plans.
The brand new PAC supporting Mamdani comes because the democratic socialist has sparked deep concern within the metropolis’s enterprise group following his upset victory in opposition to ex-Gov. Andrew Cuomo within the June major.
To finance an bold “affordability” agenda, Mamdani has proposed jacking up New York’s prime company tax price to 11.5%, up from the present 7.5% and tacking on a further 2% in revenue tax to households incomes greater than $1 million yearly.
Members of the United Federation of Academics (UFT) maintain New York Mayoral Candidate Zohran Mamdani marketing campaign indicators throughout a press convention on the United Federation of Academics (UFT) headquarters on Wednesday in New York Metropolis. (Michael M. Santiago/Getty Pictures)
Amid that concern, New York enterprise pursuits have additionally launched a brand new PAC, dubbed New Yorkers for a Higher Future Mayor 25, to attempt to defeat Mamdani. The group doesn’t seem to assist any different candidates but, as questions proceed to swirl round whether or not Cuomo will stay within the race.
That group was filed on Tuesday, and the Wall Road Journal reported they plan to lift round $20 million.
Each Mayor Adams and Cuomo have impartial traces within the November poll, and so they each have known as on one another to drop out of the race. And plenty of, together with former Gov. David Paterson, have tried to push enterprise leaders to coalesce behind both Adams or Cuomo.
One other group in Mamdani’s assist, New Yorkers for Decrease Prices, was shaped through the major cycle and reported over $1.4 million in contributions, together with tens of hundreds post-primary win. The group has signaled it is going to stay in operation for the overall election.
It blasted out TV ads and get out the vote texts, however was no match for the behemoth Repair the Metropolis PAC, which broke metropolis data with its $24 million haul in Cuomo’s assist.
Initially Printed: July 11, 2025 at 10:43 AM EDT
