Florida business group woos NYC CEOs worried about – Business News
Zohran Mamdani’s tax insurance policies may very well be good for business — in Florida.
A high company commerce group within the Sunshine State is making an attempt to woo New York City CEOs uneasy about mayoral hopeful Zohran Mamdani’s democratic socialist insurance policies.
The Florida Council of 100 penned an open letter to Big Apple business titans declaring “uncertainty is the enemy of sound decision-making” after Mamdani gained a Democratic Party main campaigning on climbing company taxes.
The Florida Council of 100 penned an open letter to Big Apple business titans declaring “uncertainty is the enemy of sound decision-making.” Getty Images
“When a city’s economic direction grows unpredictable, when the rules of engagement shift, and when free enterprise becomes a political target, CEOs must reevaluate where their companies can grow and prosper,” the council wrote in its letter.
“Today, New York’s future feels increasingly uncertain—an unacceptable risk for business leaders responsible for their businesses and the families that rely upon them. Florida offers a better path.”
One of the leaders of The Florida Council of 100 is Stephen Ross, chairman and CEO of Related Companies, which does business in each states.
Signed by chairman George LeMieux (pictured), the Florida Council of 100 letter touts Florida’s pro-business atmosphere Aaron Davidson
The pitch comes after Boca Raton Mayor Scott Singer informed The Post final week he’s in discussions with Big Apple CEOs about relocating after Mamdani’s win.
Mamdani has proposed $9 billion in tax hikes on millionaires and firms to fund his plans totally free metropolis buses and baby care, city-run grocery shops and housing enlargement. But his beneficial tax will increase require approval from the legislature and Gov. Kathy Hochul, who has stated she’s not in favor of the hikes.
Meanwhile, Palm Beach County officers have despatched a whole bunch of relocation packets to executives in New York City and launched advert campaigns touting itself as “Wall Street South.”
“The Palm Beaches have arms wide open to welcome firms during these times,” a Palm Beach County rep stated.
Signed by chairman George LeMieux, The Florida Council of 100 letter touts Florida’s pro-business atmosphere and restrained authorities spending in comparison with the Empire State.
“Florida also delivers maximum value through fiscal responsibility,” the group stated.
The pitch comes after Boca Raton Mayor Scott Singer informed The Post final week he’s in discussions with Big Apple CEOs about relocating after Mamdani’s win. AFP through Getty Images
Florida helps more than 23 million residents with a $115.1 billion state price range, and more than $13 billion in reserves whereas New York’s price range clears $254 billion for fewer than 20 million residents.
Real gross home product is up 26.3% in Florida since 2019, the very best of any state and practically double the national price, the business council boasted.
More than 3 million new companies have opened there since 2019, together with more than 634,000 in 2024 alone.
Half of Florida CEOs plan to rent more staff within the subsequent 6 months, practically double company friends in different states whereas 45% count on to increase their capital investments, the group stated.
“Florida’s message is simple: If you’re seeking certainty, partnership, safety, and growth—Florida is open for business,” the business leaders stated.
“Come build where your company is welcomed, your talent is safe, and your future is limitless. Let’s start a conversation. The Florida Council of 100 stands ready to partner with you today.”
