Innovate NY PAC Endorses Cuomo for Mayor, Cites Vision for Tech and Economic Growth
Innovate NY PAC has reiterated its endorsement of Andrew Cuomo for Mayor of New York City. The organization emphasized his commitment to establishing New York as a leading global center for technology, cryptocurrency innovation, and economic opportunity. In pursuit of this vision, Innovate NY PAC is actively promoting a groundbreaking policy framework called Civic Real-World Tokenization. This framework includes initiatives like Tokenize the Border™, which aims to transform immigration and border management processes into catalysts for clean-energy development, job creation, and collaborative efforts between nations.
Eddie Francis Cullen (EFC), Chair of Innovate NY PAC, stated, "Andrew Cuomo’s leadership embodies the forward-thinking, results-oriented approach that New York City requires to spearhead the next wave of innovation. Projects such as Tokenize the Border™ exemplify how technology can convert challenges like immigration into avenues for prosperity, enhanced security, and shared growth."
Understanding the Tokenize the Border™ Model
The Tokenize the Border™ initiative utilizes blockchain technology to establish digital trade zones, implement smart checkpoints, and create clean-energy corridors. This approach converts traditional border-related expenses into sustainable, revenue-generating infrastructure. The model projects significant economic benefits, including an annual trade surplus increase of $500 billion, the creation of two million new jobs across sectors like education, healthcare, and housing, and a 40% improvement in cross-border trade efficiency.
By championing these civic tokenization frameworks, New York City is positioning itself as a national leader in applying advanced technology to address global challenges. This initiative is expected to open new markets for New York-based financial technology, construction, and clean-energy firms, attract substantial international investment, and generate high-skilled employment opportunities in fields such as blockchain engineering, infrastructure development, and policy creation.
Impact on New York City
Under frameworks like Tokenize the Border™, New York City is projected to generate approximately $4.2 billion in new annual revenue. This revenue will stem from fintech, trade, and construction contracts associated with the implementation of tokenized infrastructure and blockchain logistics.
- •$1.5 billion annually from blockchain infrastructure and compliance systems developed by New York fintech companies.
- •$1.2 billion annually from engineering, design, and smart checkpoint technology sourced from New York-based construction and artificial intelligence firms.
- •$800 million annually from clean-energy project financing and tokenized green bonds underwritten by the city’s financial sector.
- •$700 million annually from research, software, and educational innovation through collaborations with local universities and technology incubators.
These new revenue streams are poised not only to strengthen New York’s technology ecosystem but also to redefine the city's position as a global hub for civic innovation and public-benefit finance. By taking the lead in the national implementation of tokenized border and trade systems, New York City will become a central point for the infrastructure economy of the coming decade, securing jobs, capital, and technological leadership within the city.
National Implications
Current immigration and border management strategies incur nearly $250 billion in annual costs for the U.S. government, often leading to reduced trade and productivity. In contrast, the Tokenize the Border™ initiative forecasts operational savings of $200 billion over a five-year period. It also anticipates a 95% reduction in human trafficking and smuggling incidents, alongside a positive 4.0% impact on GDP through infrastructure-driven economic expansion.
By shifting the national focus from enforcement to innovation, this initiative demonstrates how New York City's leadership in innovation can yield national solutions that promote transparency, security, and economic growth.
About Innovate NY PAC
Innovate NY PAC is an independent expenditure committee committed to advancing innovation, technology-driven economic growth, and public-benefit finance models within New York City. The organization operates independently of any candidate or campaign and does not coordinate communications or strategies with candidates or their respective committees.
The analysis presented was prepared by the Innovate NY PAC Policy & Research Team, illustrating the potential of Civic Real-World Asset Tokenization to generate sustainable public revenue and create jobs through blockchain-based infrastructure and clean-energy investments.