Real estate investor Grant Cardone posted on X that his company, CardoneCapital, had initiated research into potential investments in New York.
New York Gov. Kathy Hochul tried to reassure folks that they would not be fined for doing business in New York.
Cardone is well-known in the real estate industry and seems to have many connections, which could hurt New York more than some might think.
Cardone is not the only entrepreneur deciding not to do any business in New York.
As RedState reported, Shark Tank's Kevin O'Leary, also known as "Mr. Wonderful" said he would never invest in New York now.
O'Leary also noted that "Every real estate developer does this" regarding the court ruling of Trump, as well as refuting Hochul's claim that those who do business in New York are "Very different than Donald Trump." O'Leary called California a "Loser state," and New York a "Mega-loser state." Instead, he will invest in red states such as North Dakota, Oklahoma, and West Virginia.
Leadership matters as red states are gaining more investors and entrepreneurs while blue states are seeing a population and business exodus.
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