Innovate NY PAC Transforms New York City's Prospects: Blockchain and AI Propel a $7 Billion Economic Initiative

Innovate NY PAC, an independent political group, has introduced a two-part plan aimed at making New York City a world leader in economic growth powered by blockchain and artificial intelligence, while also throwing its support behind former Governor Andrew Cuomo for the mayoral seat. The strategy features a $2.8 billion annual economic initiative centered on educational development, as detailed in a

, along with a $4.2 billion revenue forecast from blockchain-driven immigration reform, according to . These initiatives focus on creating jobs through technology and tokenization, seeking to harness New York’s strengths in finance and technology to boost high-skill employment and attract global investment.

The educational aspect, called the New York City Student Education Plan for Blockchain and Artificial Intelligence, aims to build the nation’s largest STEM center and expand blockchain and AI certification programs throughout all five boroughs. Eddie Cullen, Innovate NY PAC’s chair, said Cuomo’s “leadership and history of job creation” fit the city’s need to prioritize innovation and education, as noted in the GlobeNewswire release. The proposal also brings blockchain gaming, metaverse, and data science into public school programs, with a goal of generating 62,000 new jobs.

At the same time, the group is pushing forward the “Tokenize the Border™” project, a blockchain-based approach to overhaul immigration and border systems, turning them into drivers of clean energy and more efficient trade. This model predicts a $500 billion annual trade surplus, two million new jobs nationwide, and a 40% boost in cross-border trade efficiency, as reported by Cryptopolitan. For New York City, the plan expects $1.5 billion per year in blockchain infrastructure investments by local fintech companies, $1.2 billion in engineering and AI-powered checkpoint systems, and $800 million in clean energy funding. The project also anticipates $200 billion in federal savings over five years and a 95% drop in human trafficking.

Innovate NY PAC is also advocating for public-benefit stablecoins such as NYC USD™, a stablecoin framework intended to support affordability programs and civic services through returns on its reserves, according to a

. The organization claims these tools could bring in $779 million each year for New York families without increasing taxes, while strengthening the city’s position as a “global crypto capital.” Other suggestions include AI-driven smart tariffs and cross-border STEM partnerships with Africa to further New York’s status as a center for technology and education, as mentioned in the CoinEdition article.

Some critics have questioned whether tokenization models are practical and have pointed to possible regulatory hurdles, especially in areas like immigration and finance. Still, Cullen stressed that the aim is to “turn obstacles into opportunities for growth and safety,” as highlighted in the Cryptopolitan coverage. The group’s Policy & Research Team asserts that these strategies could transform New York’s economic landscape by anchoring jobs, investment, and technological leadership in the city, according to

.

With the 2025 mayoral race heating up, Innovate NY PAC’s support for Cuomo signals a broader effort to align the city’s political direction with its tech-driven goals. Although the group operates separately from Cuomo’s campaign, its messaging positions blockchain and AI as key elements for New York’s economic resurgence, as reported by

.