Innovate NY Announces $4.2B Economic Impact from Immigrant Innovation, Endorses Cuomo
Innovate NY PAC endorsed Andrew Cuomo for Mayor, citing a projected $4.2B annual economic impact from its 'Tokenize the Border' innovation.Summary
The independent political organization Innovate NY PAC has endorsed Andrew Cuomo for Mayor of New York City, positioning him as a leader committed to making NYC a global hub for technology and crypto innovation. The PAC is promoting a policy framework called Civic Real-World Tokenization, exemplified by the 'Tokenize the Border™' project. This initiative aims to transform immigration and border management into engines for clean-energy development and job creation using blockchain technology to establish digital trade zones and smart checkpoints.
Under this model, New York City is projected to generate an estimated $4.2 billion in new annual revenue through related fintech, trade, and construction contracts. This revenue is broken down into specific annual amounts for blockchain infrastructure, engineering/AI technology, clean-energy financing, and educational innovation, strengthening the city's tech ecosystem.
Nationally, the Tokenize the Border™ model projects significant operational savings for the U.S. government compared to traditional border strategies, alongside substantial GDP impact through infrastructure-led expansion and reductions in illicit activities.
(Source：BeInCrypto)