Steve Forbes, Forbes’ media chairman, discusses the trend of businesses moving from the Northeast to Florida – hot weather and low tax prospects.
Goldman Sachs plans to move to Florida in its main divisions – another major blow to New York City’s position at the helm of the economic industry.
The financial titan will move its 8 8 billion revenue-generating asset-management arm to Palm Beach County or Fort Lauderdale, examine potential real estate, gossip with local officials and consider Sunshine State’s tax benefits, sources told Bloomberg.
Potential growth comes in the wake of many other investment companies heading south below the Big Apple Moment – and the tightening of New York’s bottom line as White-C jobs lose jobs.
Manhattan now has the highest number of vacancies in office fees since 9/11, Bloomberg said.
In a report in the October Post, billionaire Paul Singer has decided to move the headquarters of his hedge fund Elliott Management from Manhattan to Florida, sources said, adding that Carl Ica was also preparing to change its office fees.
Florida offers tax benefits – not to mention the warm weather appreciated by at least some Manhattan-bored workers.
The Kovid-1p epidemic has shown that more work can be done remotely than ever before, so there is less need for expensive office fees, sources told Bloomberg.
However, Goldham Sachs Group, Inc. No decision has been made by, which is also considering Dallas, Texas for its asset-management department.
“We are implementing a strategy to find more jobs in high-value locations in the U.S., but we have no specific plans to announce at this time,” a company representative told Bloomberg in a statement.
New York’s economy is clinging to Corovinus, as companies trade less amid government sanctions and fears of public health.
The securities and trading industry is critical to its survival.
Last year, the industry accounted for 18 percent of the accumulated state tax, or more than રાજ્ય 15 billion, and 6 percent of New York City’s taxes were levied.
