Fly south, Zo birds!<\/p>\n
Boca Raton\u2019s mayor is putting on a full-court press to woo New York businesses after democratic socialist Zohran Mamdani\u2019s win the New York City mayoral election. <\/p>\n
Republican Mayor Scott Singer said the beachy Florida location would be a better place to do business<\/a> than the city as Mamdani is set to pursue a policy agenda that hinges on getting New York State government to raise corporate taxes and hike taxes on the rich.<\/p>\n Boca Raton Mayor Scott Singer says that Boca Raton is a better place to do business than New York City. TNS<\/p>\n Some of Mamdani\u2019s plans could include a hike on property taxes for some wealthier, mostly white neighborhoods. Aristide Economopoulos<\/p>\n \u201cDear New York Business Leaders, New York\u2019s message to the financial sector couldn\u2019t be clearer after Mamdani\u2019s election: success is something to regulate, not celebrate,\u201d Singer said in an appeal sent to Gotham CEOs and provided to The Post.<\/p>\n \u201cIn Boca Raton, we take a different view. Here, we believe that thriving businesses lift communities \u2014 not burden them.\u201d<\/p>\n He cited 30% lower operating costs than Class A office in Manhattan<\/a> and no state or local personal income taxes compared to upwards of 17% combined state-local rate potentially coming to New York City. He boasted that Boca has the lowest property tax rate of any major city in Florida, and a \u201cstrong and expanding talent pipeline in finance and professional services\u201d with three local universities.<\/p>\n Mamdani plans to hike taxes includes potentially property increasing taxes on <\/a>some wealthier, mostly white neighborhoods to fund his $9 billion in initiatives for free child care and buses and affordable housing expansion.<\/p>\n Home buying has also spiked in Florida, as local residents anticipate that New Yorkers will flood the market. Justin Blount \u2013 stock.adobe.com<\/p>\n \u201cThat\u2019s why more firms are choosing Boca Raton as their new headquarters. We have 40 publicly traded corporate HQs in a diverse group of industries, and a growing number of regional, satellite, and hybrid offices. Boca Raton offers what New York no longer can,\u201d he said.<\/p>\n In the letter, Singer also said there are three international airports within an hour and a general aviation airport just minutes from the business district.<\/p>\n \u201cThe future of finance is moving south \u2014 along with other industries \u2014 and Boca Raton is eager to welcome you,\u201d he said.<\/p>\n Mamdani claims that lowering child care and transportation costs and expanding affordable housing will keep families in the city. Aristide Economopoulos<\/p>\n Boca has 50 publicly traded or private companies that have headquarters or major offices locally including: ADT, Regenerative Medical Technology Group, Office Depot, Aerospace Technologies Group, Canon and Tyco Integrated Security.<\/p>\n Singer and other Florida leaders have been pitching the Sunshine State after Mamdani won the Democratic primary <\/a>in June, and have ratcheted up the relocation recruitment pitches after Mamdani\u2019s general election victory last week.<\/p>\n Singer speaking at a rally for Republican gubernatorial nominee Ron DeSantis. Tribune News Service via Getty Images<\/p>\n