Dozens of top companies in New York City are on the verge of departing for Florida, and the exodus may increase if the state legislature passes a proposed $7 billion tax hike, business leader say.
At least 20 finance and tech companies are already poised to leave the Big Apple for the Sunshine State, Kathyrn Wylde, CEO of the business-backed Partnership for New York City, told the New York Post.Among those considering a move to Florida are JetBlue Airways, which has been headquartered in Queens since its founding two decades ago, and Goldman Sachs, which maintains its head office at an upscale address in Lower Manhattan.
'New York State will be the most-taxed state in the country' if the proposals pass, Wylde lamented to the Post.Technology jobs, many of which have been done as remote work for the past year now, are particularly vulnerable to relocation out of the expensive city.
'Technology is our most important job creator in New York right now, and they're already making decisions about not staying in New York,' Wylde said, declining to specify which companies are planning moves.
Earlier this week, a leaked JetBlue memo revealed that the company is considering whether to stay in New York, where it was founded two decades ago, or move its headquarters to Florida.
The exodus: The big businesses leaving New York City Several big businesses have announced plans or at least considerations to move their offices from New York City for the likes of Florida.
JetBlue said it is exploring a number of options, including staying in its current headquarters, moving elsewhere in New York City, or shifting some New York-based jobs to existing JetBlue facilities in Florida.
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Sunday, March 21, 2021
Twenty top finance and tech firms in NYC are on the verge of leaving for Florida
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