{"id":226988,"date":"2026-05-11T10:23:11","date_gmt":"2026-05-11T10:23:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/226988\/"},"modified":"2026-05-11T10:23:11","modified_gmt":"2026-05-11T10:23:11","slug":"texas-gov-abbott-welcomes-ny-companies-after-mamdani-demonizes-ken-griffin","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/226988\/","title":{"rendered":"Texas Gov. Abbott welcomes NY companies after Mamdani demonizes Ken Griffin"},"content":{"rendered":"<p>Howdy, pardner!<\/p>\n<p>Texas Gov. Greg Abbott is welcoming Big Apple companies relocating or expanding in the Lone Star State after New York City Mayor Zohran Mamdani <a href=\"https:\/\/nypost.com\/2026\/05\/08\/us-news\/ny-leaders-desperately-try-to-stop-billionaire-bigs-from-fleeing-city-over-mamdani\/\" rel=\"nofollow noopener\" target=\"_blank\">demonized billionaire hedge-fund honcho Ken Griffin<\/a> for being rich.<\/p>\n<p>\u201cGovernor Abbott is proud to welcome businesses and job creators from across the country to Texas, where we have no state income tax, reasonable regulations, and a pro-growth environment that encourages free enterprise to flourish,\u201d Abbott\u2019s spokesman, Andrew Mahaleris, told The Post.<\/p>\n<p>\u201cPunitive policies that target successful job-creating entrepreneurs only accelerate the trend of companies choosing Texas,\u201d Gov. Greg Abbott\u2019s spokesman Andrew Mahaleris said.  Christopher Sadowski<\/p>\n<p>\u201cPunitive policies that target successful job-creating entrepreneurs only accelerate the trend of companies choosing Texas,\u201d Mahaleris said.<\/p>\n<p>Texas has already surpassed the Empire State <a href=\"https:\/\/nypost.com\/2026\/02\/17\/us-news\/ny-is-losing-jobs-to-texas-and-mamdanis-tax-push-will-worsen-exodus-report\/\" rel=\"nofollow noopener\" target=\"_blank\">when it comes to financial sector employment<\/a>, with a total of 519,000 employees compared with New York\u2019s 507,000, according to data from the nonprofit Partnership for New York City.<\/p>\n<p>JPMorgan Chase now has more employees in Texas than in New York \u2014 where the Big Apple is at risk of losing its crown as the center of the global financial industry.<\/p>\n<p>While welcoming New York CEOs and jobs, Abbott bused <a href=\"https:\/\/nypost.com\/2024\/09\/30\/us-news\/greg-abbott-i-bused-migrant-to-nyc-because-of-mayor-adams\/\" rel=\"nofollow noopener\" target=\"_blank\">more than 100,000 migrants to the Big Apple and other sanctuary cities<\/a> in the lefty state during the worst of the country\u2019s border crisis. He complained Texas border towns were overwhelmed and that sanctuary cities run by Democrats were failing to help address the problem.<\/p>\n<p>The loss of Wall Street business could deal a major blow to New York City\u2019s finances, which are buoyed by taxes on bonuses from the sector.<\/p>\n<p>Democratic socialist Mamdani triggered a backlash from Wall Street and business advocates when he used Griffin\u2019s swanky $238 million Midtown penthouse <a href=\"https:\/\/nypost.com\/2026\/05\/05\/business\/zohran-mamdanis-viral-video-outside-ken-griffins-penthouse-shocks-vornado-ceo-ugly-unnecessary\/\" rel=\"nofollow noopener\" target=\"_blank\">as a backdrop in one of his trademark slick social-media videos<\/a> to promote a new pied-a-terre tax \u2014 a stunt that the hedge-fund titan called \u201ccreepy.\u201d<\/p>\n<p>New York Mayor Zohran Mamdani triggered backlash from Wall Street and business advocates when he used Ken Griffin\u2019s swanky $238 million Midtown penthouse as a backdrop in one of his trademark slick social-media videos. Matthew McDermott for NY Post<\/p>\n<p>In a one-two punch, Griffin as well as Apollo Global Management <a href=\"https:\/\/nypost.com\/2026\/05\/06\/us-news\/billionaire-ken-griffin-scales-back-nyc-jobs-in-response-to-mamdanis-tax-the-rich-antics-sparking-fears-wealthy-exodus-has-begun\/\" rel=\"nofollow noopener\" target=\"_blank\">honcho Marc Rowan <\/a>threatened to expand outside New York City \u2014 while a silent wave of businesses have been \u201cquiet quitting\u201d the city over its hostile environment, insiders told The Post last week.<\/p>\n<p>A White House adviser said Mamdani\u2019s anti-corporate, <a href=\"https:\/\/nypost.com\/2026\/05\/08\/us-news\/mamdanis-billionaire-bashing-could-cost-nyc-12-billion-data\/\" rel=\"nofollow noopener\" target=\"_blank\">anti-rich CEO rhetoric<\/a> is a gift that could help Republicans retain the White House in 2028 after President Trump leaves office.<\/p>\n<p>\t\t\t\t\t\t\tStart your day with all you need to know\t\t\t\t\t\t<\/p>\n<p class=\"inline-module__cta\">\n\t\t\t\t\t\t\tMorning Report delivers the latest news, videos, photos and more.\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tThanks for signing up!\n\t\t\t\t<\/p>\n<p>\u201cDon\u2019t interrupt your enemy when he\u2019s making a mistake,\u201d the White House insider told The Post.<\/p>\n<p>\u201cPeople in New York are looking at real estate in Dallas and Miami,\u201d said the GOP source with ties to New York.<\/p>\n<p>Democratic ex-Gov. David Paterson, meanwhile, ripped Mamdani for demonizing wealthy job creators and said he wants to help the business community fight back and not cower to Mamdani by skedaddling.<\/p>\n<p>Texas Gov. Greg Abbott arrives for the Boom Belt: A Return to First Principles in Public Markets conference on April 7, 2026, in Miami, Florida. Getty Images<\/p>\n<p>\u201c[Mamdani] comes from a household of poor judgement,\u201d Paterson told The Post on Sunday.<\/p>\n<p>\u201cI made a list of people I know \u2014 13 of them were Democrats and six were Republicans \u2014 who would sit down and just have a conversation about where this city is going and not to let it get destroyed by the leadership and also not to let it falter, because the resources that have kept the city alive are thinking about moving to other places,\u201d Paterson added to WABC radio\u2019s the \u201cCats Roundtable.\u201d<\/p>\n<p><a href=\"https:\/\/nypost.com\/2026\/05\/04\/us-news\/nyc-ny-politics-live-updates-on-zohran-mamdani-governors-race-more-may-4-5-6-7-8\/\" rel=\"nofollow noopener\" target=\"_blank\">Follow live updates on Mayor Zohran Mamdani\u2019s socialist agenda and the latest in NYC politics<\/a><\/p>\n<p>Paterson said New York is a rough place and that business and civic leaders must toughen up and form a united front to defend the tax generators and job producers.<\/p>\n<p>\u201cThis is a great city,\u201d Paterson told host John Catsimatidis. \u201cWe\u2019ve been through some really difficult times in this city. I think this is the time when leadership stands up and shows how well they can lead.<\/p>\n<p>Mayor Zohran Mamdani made an announcement on Opiod Settlement Funds at Restoration Plaza in Brooklyn. William Farrington for NY Post<\/p>\n<p>\u201cI certainly understand how Ken Griffin feels \u2026 Mamdani taking pictures and basically humiliating himself right in front of Mr. Griffin\u2018s home.\u201d<\/p>\n<p>Paterson said Mamdani and many of his Democratic socialist supporters despise wealthy and successful people.<\/p>\n<p>\u201cThey\u2019re jealous and envious of what [other people] have. That is a terrible way to live your life,\u201d he said.<\/p>\n<p>\u201cIt\u2019s a reflection of the lack of appreciation for what this city is about and what people had to do to make it that way. \u2026 Making comments that no one should ever be a billionaire \u2014 all that does is foment anger, and the people who it\u2019s directed at now are threatening to protect themselves by leaving. I\u2019m hoping they won\u2019t do that.\u201d<\/p>\n<p>Mamdani\u2019s office did not respond to a Post request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"Howdy, pardner! Texas Gov. Greg Abbott is welcoming Big Apple companies relocating or expanding in the Lone Star&hellip;\n","protected":false},"author":2,"featured_media":226989,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[288,6636,3416,18649,57,9,24,55,54,56,87,2780,1777,58,3417,82],"class_list":["post-226988","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-business","tag-greg-abbott","tag-jp-morgan-chase","tag-ken-griffin","tag-metro","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-politics","tag-taxes","tag-texas","tag-us-news","tag-wall-street","tag-zohran-mamdani"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/226988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=226988"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/226988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/226989"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=226988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=226988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=226988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}