Posted on 11/14/2025 6:22:33 AM PST by MtnClimber
Following WFLX’s reporting on the so-called “Mamdani Migration”— New York City businesses leaving the city after the mayoral election — new data we obtained shows several companies filing to relocate to Florida.
Mamdani, who was elected as New York City mayor Tuesday, has pledged to increase taxes for corporations and individuals making more than $1 million, a move that sent shock waves through the business community.
The morning after Mamdani’s election victory, Florida business relocation attorney, Chad Cummings, told WPTV he received five to 10 times his usual number of calls from New York companies seeking to move to Florida.
“My phone, and I’m not exaggerating, has literally been ringing off the hook. I have not been able to leave my desk since about 7:30 this morning,” Cummings said. “What we are seeing is really unprecedented.”
Cummings said Wednesday alone, he spoke with nine companies targeting Palm Beach County and three others eyeing Port St. Lucie.
“They are very candid, for the most part, that this is a decision that is driven by the election results in Manhattan and a desire to escape what they perceive to be an oppressive regulatory and tax regime,” Cummings said.
WFLX dug through Florida’s corporate filings and found that in just the past few days, at least 27 New York companies filed to expand operations in Florida, while nine more filed to relocate entirely.
(Excerpt) Read more at wflx.com ...
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NYSE is already establishing a new electronic exchange in Dallas, NYSE Texas. Interestingly, maybe a hint of things to come, they've folded their electronic operations in Chicago into NYSE Texas though to my knowledge no moving of operations, yet.
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