Texas Gov. Abbott welcomes NY companies after – Business News
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Texas Gov. Greg Abbott is welcoming Big Apple companies relocating or increasing within the Lone Star State after New York City Mayor Zohran Mamdani demonized billionaire hedge fund honcho Ken Griffin for being wealthy.
“Governor Abbott is proud to welcome businesses and job creators from across the country to Texas, where we have no state income tax, reasonable regulations, and a pro-growth environment that encourages free enterprise to flourish,” Abbott spokesman Andrew Mahaleris instructed The Post.
“Punitive policies that target successful job-creating entrepreneurs only accelerate the trend of companies choosing Texas,” Gov. Greg Abbott’s spokesman mentioned. Christopher Sadowski
“Punitive policies that target successful job-creating entrepreneurs only accelerate the trend of companies choosing Texas,” Mahaleris mentioned.
Texas has already surpassed the Empire State on the subject of financial sector employment, with a whole of 519,000 workers in contrast with New York’s 507,000, in line with information from the nonprofit Partnership for New York City.
JPMorgan Chase now has more workers in Texas than in New York — and the Big Apple is at risk of dropping its crown as the middle of the worldwide financial industry.
While welcoming New York CEOs and jobs, Abbott bused more than 100,000 migrants to the Big Apple and different sanctuary cities within the lefty state during the worst of the nation’s border disaster. He complained that Texas border cities had been overwhelmed and that sanctuary cities run by Democrats had been failing to help deal with the issue.
The loss of Wall Street business may deal a main blow to New York City’s funds, that are buoyed by taxes on bonuses from the sector.
Democratic socialist Mamdani triggered a backlash from Wall Street and business advocates when he used Griffin’s swanky $238 million Midtown penthouse as a backdrop in a single of his trademark slick social-media videos to advertise a new pied-a-terre tax — a stunt that the hedge fund titan referred to as “creepy.”
New York Mayor Zohran Mamdani triggered backlash from Wall Street and business advocates when he used Ken Griffin’s swanky $238 million Midtown penthouse as a backdrop in a single of his trademark slick social-media videos. Mayor Mamdani/X
In a one-two punch, Griffin in addition to Apollo Global Management honcho Marc Rowan threatened to broaden outdoors New York City — whereas a silent wave of companies have been “quiet quitting” the town over its hostile setting, insiders instructed The Post final week.
A White House adviser mentioned Mamdani’s anti-corporate, anti-rich CEO rhetoric is a reward that would help Republicans retain the White House in 2028 after President Trump leaves workplace.
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“Don’t interrupt your enemy when he’s making a mistake,” the White House insider instructed The Post.
“People in New York are looking at real estate in Dallas and Miami,” mentioned the GOP source with ties to New York.
Democratic ex-Gov. David Paterson, in the meantime, ripped Mamdani for demonizing rich job creators and mentioned he needs to help the business group combat back and never cower to Mamdani by skedaddling.
Texas Gov. Greg Abbott arrives for the Boom Belt: A Return to First Principles in Public Markets convention on April 7, 2026, in Miami, Florida. Getty Images
“[Mamdani] comes from a household of poor judgment,” Paterson instructed The Post on Sunday.
“I made a list of people I know — 13 of them were Democrats and six were Republicans — who would sit down and just have a conversation about where this city is going and not to let it get destroyed by the leadership and also not to let it falter, because the resources that have kept the city alive are thinking about moving to other places,” Paterson added to WABC radio’s “The Cats Roundtable.”
Follow dwell updates on Mayor Zohran Mamdani’s socialist agenda and the most recent in NYC politics
Paterson mentioned New York is a tough place and that business and civic leaders should toughen up and type a united entrance to defend the tax turbines and job producers.
“This is a great city,” Paterson instructed host John Catsimatidis. “We’ve been by some actually tough instances on this metropolis. I believe that is the time when management stands up and reveals how properly they’ll lead.
Ken Griffin is amongst many distinguished business titans threatening to broaden outdoors New York City. REUTERS
“I certainly understand how Ken Griffin feels … Mamdani taking pictures and basically humiliating himself right in front of Mr. Griffin‘s home.”
Paterson mentioned Mamdani and plenty of of his Democratic socialist supporters despise rich and profitable people.
“They’re jealous and envious of what [other people] have. That is a terrible way to live your life,” he mentioned.
“It’s a reflection of the lack of appreciation for what this city is about and what people had to do to make it that way. … Making comments that no one should ever be a billionaire — all that does is foment anger, and the people who it’s directed at now are threatening to protect themselves by leaving. I’m hoping they won’t do that.”
Mamdani’s workplace didn’t reply to a Post request for remark.
