Skip to comments.Delocation: The Slow Burn of Cash Forces N.Y. Companies to seek Alternate Locations
Posted on 04/22/2019 5:53:01 PM PDT by lowbridge
According to recent data from the US Census Bureau, businesses and residents are exiting New York in droves, as the state lost more of its population than it gained between July 2017- July 2018. The Empire State lost 180,306 people the biggest decrease of any U.S. state, with Massachusetts, New Hampshire, New Jersey, and Delaware not far behind.
Even more, of the 25 cities that millennials are moving to, not a single one is in the Northeast, according to data on migration patterns from SmartAsset. With increasing tax burdens, skyrocketing housing costs, and brutal winter months, business owners and job seekers are saying enough is enough and migrating to more affordable, business-friendly environments.
According to a study from LendingTree, the top state people are moving to is Florida.
In February 2019, Founder & CEO of Dynasty Financial Partners Shirl Penney announced the relocation of his company's headquarters from Manhattan to St. Petersburg.
"The delta in savings for our employees and company in terms of real estate (both residential and commercial), talent, taxes, and overall cost of living were all important items on our evaluation list," Penney said.
"For a business that is growing quickly like us, being able to add operating margin by lowering expenses while also enhancing the quality of life for our employees is a win-win for everyone. And as a kicker, the sunshine was free!"
A recent review of the New York Department of Labor WARN notices shows several New York companies joining Dynasty and the 'delocation' trend, moving jobs and families south.
AT&T Services is moving one of its call centers from Syracuse to Orange Park, Fla. A total of 155 layoffs are planned for mid-April.
Not so recently, iQor, the global provider of customer contact solutions and product support services, relocated its global headquarters from New York City to downtown St. Petersburg, Florida, bringing senior leadership and more than 100
(Excerpt) Read more at stpeteedc.com ...
Well, the solution is just for New York to tax its remaining rich MORE, to make up for the loss /s
AOC has a plan. Just listen to her if you can. Boy did Amazon escape with its hide in tack
Good thing AOC ran off Amazon and 25,000 jobs!!
Haha, keep voting stupid, NYC!!!
They might be right about NY loosing people but it sure isn’t happening in Delaware as the article mentions. We are still getting overrun by Jersey and New York refugees
warning to leftists: here in florida we skin you and feed you to the gators.
Looks like AoC is not the only one who knows how to destroy economic prosperity.
The bad news is they will move south and west and vote for the garbage they're running from.
The author needs to recheck facts. New Hampshire’s population grew during the 2017-2018 period.
Your gators need higher standards. But there is some utility to that approach.
“Even more, of the 25 cities that millennials are moving to, not a single one is in the Northeast, according to data on migration patterns from SmartAsset. With increasing tax burdens, skyrocketing housing costs, and brutal winter months, business owners and job seekers are saying enough is enough and migrating to more affordable, business-friendly environments.”
This actually makes sense! They know that the Liberals in the Northeast have already filled their nests there with their own excrement, so those states are not a fit place for the “millennials” to “migrate to” and start that self same process. The toilets there are already brimming! The thing that need doing is to offer the millennials free birth control so they are unable to reproduce. We must rely on the adults of child bearing age who were born before 1990 to carry the burden of repopulating our country.
We have a few Million extra Illegals in California they can have.
“warning to leftists: here in Florida we skin you and feed you to the gators.”
Don’t do that to your gators! It will make them puke and foul up the Everglades!
Come to think of it, I havent seen those ads on TV encouraging companies to relocate to New York for quite awhile.
Bingo! Exactly right (actually left, but you get my point)
Recently I was told by three sources that Charleston, SC area is growing by 60+ people per DAY!!
Can anyone guess where they are coming from??
And, sadly, how they will vote?
the sad part is they are running to red states with their blue state voting habits.
solution is to hire more state workers and teachers.....state tax payers are so happy to pay for their obscene pensions, you know , the ones the retirees pay no state income tax on...
They’ll have no place to live or work in NYC when the Mayor reduces all the buildings to rubble
“According to a study from LendingTree, the top state people are moving to is Florida.”
I feel really sorry for Florida! It’s getting it from both the north (New York) and the south (Puerto Rico).
I feel sorry for the US when the Neo-Floridians turn it into a blue state.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.