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.
Neither is New Jersey.
“More democrats moving to Texas...”
My first, second, and third thoughts.
Maybe cause Austin is the capital. You think they don’t want incentives?
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!
Theres about 17 miles of tunnels down there that would be perfect for a server farm.
Somehow I had it in my head that most of the time incentives like that come from cities, not states. But that makes sense.
AGREE!!!
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.
Is the the super collider thing, did it go bust?
My cousin was inducted into the Daughters of the Republic. She would not be pleased.
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.
Just as long as they leave their leftist voting behind.
New York City! Get a rope.
Rule 1: Never invite a vampire into your home.
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.
Maybe the Ewing Oil building is available
Is that from the Super Collider that never got built?
Theres about 17 miles of tunnels down there that would be perfect for a server farm.
Texas continues to be the premier economic destination in the country,
Damn, this may be the death of aTexas as a red state...
Everyone says NY is a hood place to be from.
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