The abundance ideology is gaining traction in New York City's tech community as a solution to urban decay, advocating for increased housing, transit, and clean energy construction. Influential figures like Andrew Staniforth express concern about New York's identity crisis regarding tech development. This movement transcends traditional political affiliations, aiming for policies such as congestion pricing and changes to the city charter that facilitate housing development. The recent Tech for Abundance event gathered over 100 participants, indicating significant interest in this new approach to urban challenges.
The abundance movement is carving out its own political identity for people who no longer feel represented by Democratic or Republican policies. New York is a de facto one-party city, Slow Ventures principal Yoni Rechtman told Business Insider.
Abundance advocates are pushing for policies like congestion pricing for New York City traffic, rolled out in January, and changes to the city charter to make it easier to build more housing.
I think that's creating a bit of a weird identity crisis for New York, and especially for tech - is this the right place to be building? said Andrew Staniforth, the cofounder and CEO of construction tech startup Assembly OSM.
Some 100 people across New York's tech scene, founders, Big Tech workers, and venture capital investors, joined Wednesday's Tech for Abundance event, hosted by Lux Capital and Company Ventures alongside the nonprofit Abundance New York.
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