Florida's business districts offer a promising environment for relocating companies.
The Florida Council of 100 has issued an open letter to New York business leaders, urging them to consider moving to Florida. Concerned about the business policies of New York City mayoral candidate Zohran Mamdani, the council highlights Florida’s favorable economic environment, safety, and growth potential. With prominent business figures considering relocation, Florida aims to position itself as a desirable destination for companies facing regulatory challenges in New York.
Tampa, Florida — The Florida Council of 100 has reached out to New York business leaders with an open letter encouraging them to consider relocating their operations to Florida. This communication, titled “Florida: Your Partner in Prosperity, Public Safety, Talent and Strategic Growth,” was sent on June 30, following the Democratic primary victory of New York State Assemblyman Zohran Mamdani, who is a prominent candidate in the upcoming New York City mayoral election.
The letter expresses concern regarding Mamdani’s business policies, which many leaders in both New York and Florida perceive as detrimental to the business climate. His proposals include raising taxes on corporations and high-income earners, creating city-operated grocery stores, and implementing extensive rent control measures. Such policies have raised alarms among the business community, prompting the Florida Council of 100 to position Florida as a more attractive destination for businesses.
Within the context of this outreach, John Catsimatidis, owner of a grocery chain in New York City, has indicated that he may consider relocating his business if Mamdani is elected. He has expressed his sentiments through a recent op-ed, drawing parallels between Mamdani’s plans and historical instances of economic hardship.
Florida Governor Ron DeSantis has addressed Mamdani’s primary win by suggesting that residents and businesses in New York may find the real estate market in Palm Beach particularly appealing as they contemplate moving. The Florida Council of 100 has emphasized that the state’s economic development strategy is focused on supporting private-sector growth, making it a safer and more beneficial environment for business operations compared to New York City.
The letter highlights several key reasons why businesses should consider relocating to Florida. Among these are the state’s favorable crime statistics, strong educational outcomes, and specific growth sectors that are advantageous for business development. The Florida Council of 100, which includes influential leaders from over 200 companies that collectively employ more than 1.3 million Floridians, articulates a vision for economic prosperity that contrasts sharply with the perceived increase in regulatory burdens in New York.
A recent report from the Florida Council of 100 reveals a more optimistic outlook among Florida CEOs compared to their national counterparts. Approximately 49% of Florida CEOs plan to increase their workforce within the next six months, well above the national average of 26%. Moreover, 45% of these leaders intend to ramp up capital investments, contrasting with 28% nationally. Despite a general sense of cautious optimism towards sales, the majority still expressed expectations of growth, with 52% anticipating increased sales in contrast to a higher 67% nationally.
The Florida Council of 100 has also conducted a quarterly CEO economic outlook index to measure economic sentiment and the latest report reflected an encouraging score of 83 for Florida officials, significantly exceeding the national average score of 69.
Furthermore, the letter highlights a strategic initiative to promote the relocation of NASA headquarters to Florida, a move supported by more than 125 distinguished business, academic, and civic leaders. This strategy aims to enhance the state’s economy and boost job creation, leveraging Florida’s long-standing association with NASA, which has operated from the Kennedy Space Center since 1962.
Looking ahead, the mayoral election in New York City is scheduled for November 4, with current Mayor Eric Adams, now running as an Independent, and former Governor Andrew Cuomo also entering the race as an Independent. The developments surrounding Mamdani’s candidacy and the atmosphere it has created have evidently spurred interest among Florida’s business leaders in attracting companies from other states.
As the state underscores its intention to position itself as a favorable business hub, the Council’s outreach may resonate with a segment of the corporate community anxious about the future political and economic environment in New York.
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