Yonkers, New York, December 4, 2025
In light of new policy shifts under New York City’s Mayor Zohran Mamdani, Yonkers is actively courting businesses contemplating relocation. Mayor Mike Spano has launched the ‘Think Yonkers’ campaign, highlighting the city’s supportive environment and its proximity to Manhattan. As businesses express concerns over increased taxes and regulatory changes, Yonkers aims to position itself as a stable and favorable alternative for corporations and small businesses alike.
Yonkers Seeks to Attract New York City Businesses Amid Policy Shifts
Yonkers, New York – In response to the election of Zohran Mamdani as New York City’s mayor, Yonkers is actively courting businesses considering relocation due to anticipated policy changes. Mayor Mike Spano has launched a “Think Yonkers” campaign, emphasizing the city’s business-friendly environment and proximity to Manhattan.
Yonkers’ Business Incentives
Mayor Spano’s initiative highlights Yonkers’ appeal to businesses contemplating a move from New York City. The campaign underscores the city’s commitment to supporting various enterprises, from large corporations to small businesses, offering a welcoming environment for all. Spano’s message is clear: “If you’re looking to take your business someplace else, think Yonkers.”
Impact of Mamdani’s Election
Zohran Mamdani’s election has raised concerns among some business leaders regarding potential tax increases and regulatory changes. Mamdani has proposed higher taxes on the wealthy and corporations to fund public services, leading to discussions about the city’s business climate under his administration. In response, neighboring regions, including Yonkers, are positioning themselves as viable alternatives for businesses seeking stability and favorable conditions.
Background Context
Prior to his election, Mamdani’s campaign attracted significant attention from corporate donors, with figures like Michael Bloomberg and the Lauder family contributing substantial amounts to opposing candidates. Despite these efforts, Mamdani secured a decisive victory, signaling a shift in New York City’s political landscape. In the aftermath, various regions, including Yonkers, are actively engaging with businesses to discuss potential relocation and expansion opportunities, aiming to capitalize on the evolving economic environment.
Key Features of Yonkers’ Business Incentives
| Feature | Description |
|---|---|
| Business-Friendly Environment | Yonkers offers a supportive atmosphere for various enterprises, from large corporations to small businesses. |
| Proximity to Manhattan | The city is located just 15 miles from midtown Manhattan, providing easy access to the city’s resources and markets. |
| Incentive Programs | Yonkers provides financial incentives and support to attract and retain businesses, including tax benefits and development assistance. |
| Economic Stability | The city aims to offer a stable economic environment, appealing to businesses seeking predictability amid policy changes in New York City. |
Frequently Asked Questions (FAQ)
What is Yonkers’ “Think Yonkers” campaign?
The “Think Yonkers” campaign is an initiative launched by Mayor Mike Spano to attract businesses considering relocation from New York City. It emphasizes Yonkers’ business-friendly environment and proximity to Manhattan.
Why are businesses considering relocating from New York City?
Businesses are considering relocation due to concerns over potential tax increases and regulatory changes under Mayor Zohran Mamdani’s proposed policies.
Who is Zohran Mamdani?
Zohran Mamdani is the newly elected mayor of New York City, known for his progressive policies, including proposed higher taxes on the wealthy and corporations to fund public services.
What are the potential impacts of Mamdani’s election on businesses?
Potential impacts include increased taxes and regulatory changes, leading some businesses to consider relocating to regions with more favorable conditions.
How is Yonkers positioning itself to attract businesses?
Yonkers is positioning itself by highlighting its business-friendly environment, offering incentives, and emphasizing its proximity to Manhattan to attract businesses seeking stability.
Now Happening on X
- @SharonKyle00 (December 3, 2025): Exciting changes are brewing in NYC as Mayor Zohran Mamdani challenges Wall Street’s grip with a bold vision for a public bank to fund housing, transit, and climate resilience, aiming to reclaim economic justice. View on X
- @haroon (November 30, 2025): Mamdani announces new policies to make it faster, easier, and cheaper for small businesses to start and run in NYC, including cutting fines and fees by 50%, appointing a mom and pop czar, and more positive steps for the city. View on X
- @ttindia (November 30, 2025): Small businesses in New York City face mounting pressure from soaring rents with limited safeguards, but newly elected mayor Zohran Mamdani has said he is ready to protect them. View on X
- @NYBizJournal (December 2, 2025): Zohran Mamdani won New York City’s mayoral election last month over the objections of many in the real estate world, but not all developers are panicking about the upcoming administration. View on X
- @SteveForbesCEO (December 1, 2025): NYC is already facing a $1B landlord bailout due to rent control, and Mamdani’s socialist policies will double down, causing less construction, fewer rentals, and higher costs for everyday New Yorkers. View on X
- @NEWSMAX (November 30, 2025): Zohran Mamdani’s sweeping victory in New York has jolted the city’s real estate industry into crisis mode, as the once-powerful landlords, developers, and property groups now face an uncertain future. View on X
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Author: STAFF HERE NEW YORK WRITER
The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
