New York State is on the verge of losing a large number of jobs to Florida in a planned move to Florida.
Andrew Cuomo is tied up looking for one of his aides looking to get tied up, so Sen Chuck Schumer had to step in and beg JetBlue Airlines from shifting those jobs to Florida.
It’s true that New York can offer things that Florida just can’t. High taxes, crippling regulation, and frequent lockdowns are just a few of the examples.
But, JetBlue should be the least of Schumer’s problems as New York brokerage houses are looking to move or at least open field offices into the state of Florida.
That’s not only a wise decision on the part of the brokerage houses but also for the employees who would make the move.
Just what they would save on taxes would be like a 10% pay increase and that is before you consider the cost of living, especially housing.
Goldman Sachs Group Inc. is weighing plans for a new Florida hub to house one of its key divisions, in another potential blow to New York’s stature as the de facto home of the U.S. financial industry.
Executives have been scouting office locations in South Florida, speaking with local officials and exploring tax advantages as they consider creating a base there for its asset management arm, according to people with knowledge of the matter.
The bank’s success in operating remotely during the pandemic has persuaded members of the leadership team that they can move more roles out of the New York area to save money.
The New York Post reported:
Sen. Chuck Schumer personally pleaded with JetBlue’s boss not to shrink the budget airline’s Big Apple workforce as it weighs shipping jobs to Florida, The Post has learned.
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The senior New York senator said he made his case on a phone call with JetBlue Chief Executive Robin Hayes Wednesday evening — a day after The Post exclusively reported that the carrier was considering whether to move some jobs from its Long Island City headquarters to existing offices in the Sunshine State.
On Thursday, Schumer told The Post he wanted to remind Hayes that “JetBlue’s roots and its future are here in New York.” He also pointed out the billions of dollars in federal aid that airlines like it have received during the coronavirus crisis.
“With the critical pandemic relief dollars we just delivered on to help save airlines like JetBlue, and the thousands and thousands of New Yorkers they already employ, the airline should actually clear the runway to grow here, not recede,” the Democratic Senate majority leader told The Post in a Thursday statement.