Escape from New York, Part II

Wall Street Titans plan their exit if socialist Mamdani gets elected as mayor

As communist Zohran Mamdani eyes the NYC mayor’s seat with tax hikes and “defund the police” pledges, Wall Street giants like Goldman Sachs and JPMorgan Chase are accelerating expansions in Dallas, Texas, drawn by lower taxes and faster business approvals.

Goldman Sachs Builds Texas Campus: The firm is investing $500 million in an 800,000-square-foot Dallas facility opening in 2028, consolidating over 5,000 employees amid New York’s political risks.

JPMorgan Shifts Staff Southward: Chase now employs 31,000 in Texas versus 24,000 in New York, capitalizing on the state’s no-transaction-tax policy and streamlined permitting.

Fortress Thrives in Dallas: The $53 billion asset manager opened a 50,000-square-foot headquarters in 2021, praising Texas for 18-month project timelines impossible elsewhere.

Texas Surpasses NYC Finance Jobs: With 519,000 financial sector roles statewide versus New York’s 507,000, Dallas’s 27-minute commutes and vibrant scene position it as a full rival hub.

Follow Ups:

• Re: Escape from New York, Part II - Dean 16:23:37 11/03/25 (3)
  • Re: Escape from New York, Part II - Jim Rushford, CA 01:26:43 11/04/25 (2)
    • Re: Escape from New York, Part II - Ed Gooding (VA) 05:10:30 11/05/25 (0)
    • Re: Escape from New York, Part II - Dean 10:27:03 11/04/25 (0)

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