WASHINGTON––Today, Congressman Byron Donalds (R-FL) issued the following statement calling on the New York Stock Exchange to consider Southwest Florida as their new headquarters.

"Before the COVID-19 pandemic, New Yorkers, like myself, ventured out of the cold and high taxed state of New York for the sunnier, more economic friendly state of Florida. During the pandemic, the desire to flee the policies of Andrew Cuomo and the liberal politicians controlling the State Assembly has only exacerbated. Florida's real estate market is booming as residents of blue states are buying property sight unseen desperate to leave high taxed and economically distressed states."

"New York State is not only forcing its residents out, but they are also forcing out small and large businesses, including the New York Stock Exchange. Once known as the Empire State, New York is emptying because of the massive amount of taxes and regulations strangling economic opportunity. It is no secret that Florida is simply better for business. We are proudly one of a few states with zero income tax and zero tax on intangible assets. Also, our state has one of the lowest corporate tax rates in the nation. The New York Stock Exchange embodies the principles of capitalism, free markets, and American exceptionalism. If New York is distancing themselves from those values, the Sunshine State will proudly welcome the world's largest stocks exchange in Southwest, Florida."  

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