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Wall Street may move to Dallas
KSAT.com ^ | Published: November 10, 2020, 2:55 pm

Posted on 11/11/2020 1:56:35 PM PST by Hojczyk

DALLAS – Officials from Nasdaq and other major stock exchanges will meet with Gov. Greg Abbott on Nov. 20 in Austin to discuss a possible move from New Jersey to Texas, nbcdfw.com and the Dallas Morning News reported.

The meeting comes on the heels of the exchanges threatening to move their trading platforms out of New Jersey, the report said.

Abbott and other Texas officials plan to boast the state’s business-friendly environment during the meeting.

“Texas continues to be the premier economic destination in the country, attracting more leading businesses than any other state,” spokeswoman Renae Eze said in a statement to The Dallas Morning News. “The governor looks forward to meeting with Nasdaq and showcasing Texas' business-friendly environment, skilled workforce, robust infrastructure, and low taxes, all of which foster greater economic growth in the Lone Star State.”

According to The Dallas Morning News, Abbott’s office has been talking with Nasdaq and other exchanges about moving their data centers to Dallas because of a potential tax on financial transactions in New Jersey.

The proposed tax would charge a quarter of a cent per “financial transaction” at entities in New Jersey that process at least 10,000 transactions annually via electronic infrastructure, the Dallas Morning News reported. That tax would generate an estimated $10 billion annually for the state.


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: exchange; markets; stock; texas; trade
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To: Hojczyk
Exchange data centers aren't "Wall Street".

Neither is New Jersey.

41 posted on 11/11/2020 2:17:35 PM PST by semimojo
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To: Hojczyk

“More democrats moving to Texas...”

My first, second, and third thoughts.


42 posted on 11/11/2020 2:17:39 PM PST by pinkandgreenmom
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To: MV=PY

Maybe cause Austin is the capital. You think they don’t want incentives?


43 posted on 11/11/2020 2:18:19 PM PST by gcparent (Justice Brett Kavanaugh)
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To: dfwgator
That’s it, Texas is going Blue.

My first thought as well. If I was a legislator there I would be putting in some laws to start taxing the hell out of anyone wanting to move there NOW. I'd tell them thanks but we're already full up!

44 posted on 11/11/2020 2:18:47 PM PST by Golden Eagle (List of Cable News Alternatives ----> http://freerepublic.com/~goldeneagle/ <----)
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To: Gasshog
Maybe Wall Street will go to Waxahachie instead...

Theres about 17 miles of tunnels down there that would be perfect for a server farm.

45 posted on 11/11/2020 2:19:40 PM PST by Fellow Traveler
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To: gcparent
"Maybe cause Austin is the capital. You think they don’t want incentives?"

Somehow I had it in my head that most of the time incentives like that come from cities, not states. But that makes sense.

46 posted on 11/11/2020 2:20:09 PM PST by MV=PY (The Magic Question: Who's paying for it?)
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To: RoseofTexas

AGREE!!!


47 posted on 11/11/2020 2:20:39 PM PST by carikadon (Don't mess with Texas)
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To: Spirochete

I knew some them, many are factory workers and the mfg base was dying and they came looking for work. But yeah unfortunately they bring their politics with em.


48 posted on 11/11/2020 2:21:04 PM PST by Gasshog
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To: Fellow Traveler

Is the the super collider thing, did it go bust?


49 posted on 11/11/2020 2:23:58 PM PST by Gasshog
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To: Hojczyk

My cousin was inducted into the Daughters of the Republic. She would not be pleased.


50 posted on 11/11/2020 2:27:56 PM PST by rrrod (6)
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To: Da Coyote

Methinks I’d rather them incompetent with weapons when the sure-to-come revolt by us comes.

Since moving to California, I have desired to be the most competent with firearms.


51 posted on 11/11/2020 2:29:54 PM PST by Grampa Dave ( Governors certify the electoral votes! Congress declares the election! Not the left wing mediots)
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To: Hojczyk

Just as long as they leave their leftist voting behind.


52 posted on 11/11/2020 2:30:15 PM PST by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
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To: Hojczyk

New York City! Get a rope.


53 posted on 11/11/2020 2:33:54 PM PST by Huskrrrr
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To: Hojczyk

Rule 1: Never invite a vampire into your home.


54 posted on 11/11/2020 2:34:27 PM PST by windsorknot
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To: Hojczyk
Adding ever more empirical data that liberals soil their own states to the point they can't even stomach the stench and disease. Then, of course they move to a red state and begin to infect that state with their political diarrhea. Colorado and Arizona are recent examples.
55 posted on 11/11/2020 2:34:28 PM PST by Obadiah
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To: volunbeer

Wow. What a blow to NYC this would be if it happens!

*************
Prolly more of a blow to Texas in terms of the negative cultural impact.


56 posted on 11/11/2020 2:39:33 PM PST by Starboard
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To: Hojczyk

Maybe the Ewing Oil building is available


57 posted on 11/11/2020 2:39:51 PM PST by bigbob (Trust Trump. Trust the Plan)
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To: Fellow Traveler

Is that from the Super Collider that never got built?


Maybe Wall Street will go to Waxahachie instead...

Theres about 17 miles of tunnels down there that would be perfect for a server farm.


58 posted on 11/11/2020 2:40:14 PM PST by Dacula (Don't NY MY Georgia!)
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To: Hojczyk

Texas continues to be the premier economic destination in the country,

Damn, this may be the death of aTexas as a red state...


59 posted on 11/11/2020 2:40:28 PM PST by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
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To: Hojczyk

Everyone says NY is a hood place to be from.


60 posted on 11/11/2020 2:40:36 PM PST by Vaduz (women and children to be impacIQ of chimpsted the most.)
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