Wall Street is seeing a subtle shift as New York faces growing competition from Texas, with finance jobs and corporate activity increasingly moving south. Recruitment efforts and campus expansions in the Lone Star State are accelerating, and business groups warn that Mayor Zohran Mamdani’s proposals to raise corporate and top-end income taxes could accelerate the trend. The debate over taxes has become a central focus in Albany and City Hall as officials seek to close budget gaps without prompting further business departures.
Report: Texas Is Pulling Finance Jobs
A report released yesterday lays out how tax advantages, legal changes and targeted incentives have helped Texas close the gap with New York, according to Partnership for New York City. The…..