New York (VINnews) — A new business alliance has launched in New York to protect Jewish and Israeli companies as concerns grow over anti-Israel sentiment and rising antisemitism in the city, the New York Post reported.

The New York-Israeli Chamber of Commerce Coalition brings together the New York State Chamber of Commerce, the Greater New York Chamber of Commerce, and other business groups to support Israeli-founded firms and Jewish-owned businesses. The coalition said its formation comes amid policy shifts under Mayor Zohran Mamdani, who has rolled back city protections for Israel and rescinded previous anti-boycott executive orders.

“New York City’s strength and growth have always come from its diversity and welcoming of entrepreneurs from around the world,” said Heather Mulligan, president and CEO of the Business Council of New York State, one of the coalition’s members.

The coalition cited a recent surge in anti-Israel protests and antisemitic incidents targeting businesses, including vandalism and workplace pressure to distance themselves from Israel. Al Kinel, president of the coalition, said the alliance aims to reinstate policies that protect Israeli and Jewish firms from economic discrimination.

New York is home to roughly 676 Israeli-founded companies, including 20 valued at more than $1 billion, according to a report from the United States-Israel Business Alliance. Collectively, these businesses employ tens of thousands of people and contribute significant tax revenue to the city.

“Israel is a strong friend and ally of the United States,” said Mark Jaffe, president of the Greater New York Chamber of Commerce. “Israeli-backed businesses provide jobs, drive innovation, and support local communities. We are proud to stand with them.”

The coalition’s members include executives from Israeli-founded tech firms, advocacy groups, and business councils. Guy Franklin, CEO of Israeli Mapped in NY, said the city hosts the largest Israeli tech ecosystem outside Israel, contributing to both the economy and local communities.

The coalition said it will work collectively to promote policies that safeguard Israeli and Jewish businesses while opposing discriminatory practices that could threaten jobs and economic growth.