Further on Kevin O’Leary (Shark Tank). He did a segment on Fox today talking about a new investment in data storage he is involved with starting. He said it would need a lot of power and with Niagara Falls NY would be the logical state to locate such a storage site.
He then said he would not locate the project in such a loser state. Nor would he invest in a business in California. “Two loser states” he said. He is looking at Virginia or Tennessee instead for this new investment.
These examples are not the only investors and business creators that are taking NY off their list of corporate investment. In their hope of spearing the big white whale, NY has done a large and not yet known amount of damage to their future corporate tax base.
It’s much like Delaware and their ruling against Musk. For decades almost every large company has incorporated in that state. But, with one ruling, which was entirely political, they lost Musk’s Space X which is now incorporated in Texas.
In a way we can thank AOC for this. Her statement on Amazon moving to NYC caused started the ball rolling for companies to move their operations elsewhere. Hochul and that putz Ergonon just validated it.