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 $10 billion annually for the state.
Dallas got hit with tornado outbreak last October. They still haven't cleaned up. Suburbs to the east of Dallas were hit with a EF4 tornado the day after Christmas in 2015.
Not that this is going to come as a shock, but Dallas, Houston, Austin, and San Antonio has been BLUE for quite some time now. But luckily the people in power down in Austin are put there by the rest of the state.
When they register their cars in Texas they should be made to swear allegiance to the values of the great Republic of Texas. :>)
NO.
Move to Antarctica or Venezuela.
“Texas GOP party has been pushing for out-of-state businesses to move to Texas the past decade.”
Who in actual F would do that and why? Greedy bastards.
No It's a blow to Jersey, the servers are on our side of the river in case of another 911 attack.
Oh joyous..the same crowd who financed, aided, abetted,and voted for the party that ruined their states wants to move to America?
They literally have been reading my posts, including one again just today recommending that very thing.
Better extend your residency requirement for voting to about 15 years.
Texas being so financially friendly to business is unfortunately helping the Dems in their quest to turn Texas blue.
It’s a “progressive” disease; like cancer. The only way to stop it is to destroy it ... completely so it doesn’t come back.
Got to make Texas go blue one way or another.
Oklahoma has a State income tax. I’m all for moving to Montana and figuring out how to survive a winter.
Let the go to Austin, Houston, and Dallas. I’m not fond of those cities. They are already blue
Nasdaq, Inc.
Formerly Nasdaq Stock Market, Inc.
Total assets US$ 15.7 billion (2018)
Total equity US$ 5.4 billion (2018)
Owner Investment Corporation of Dubai (18.1%) Investor AB (11.8%)
Number of employees 4,099 (2018)
If the Gov’t can have servers in Utah, then why can we just move the NYSE to west Texas? Plenty of room and very few tornados.
No It’s a blow to Jersey, the servers are on our side of the river in case of another 911 attack.
It’s the burbs that will now turn blue, just like the Atlanta Burbs did.
And they’ll bring their H-1B’s with them, too. Now doubt that spigot will open fully should the steal go through.
Would love to see NYC eat it but that move would ruin Texas forever.
I, too, watch Varney and Li each am. They’re great!
Maybe a few Dems move to Dallas, but it doesn’t take many to run a server farm and TX has plenty of local talent. It’s not like Wall Street is moving from NYC to DFW.
It says they were meeting with the governor so I assume that is why they would be in the capital.
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