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New York State and NYC/Downstate New York are very different. Upstate has been hurting since the end of U.S. manufacturing, downstate is healthy and wealthy. Introducing the State of New York into a discussion about NYC probably doesn't make much sense. 95% of millionaires in NYS live in NYC/Downstate, for instance. 80% of NYS's GDP is from NYC. The difference between the two couldn't be more stark and most of those commercials and tax free zones are meant to help Upstate.
And the bribing is not new to The governor here in Texas travels the country and bribes corporations into moving to Texas by touting low-cost of doing business and throws in huge financial incentives. His most successful effort is recently getting Toyota to move their U.S. headquarters from Southern California to Dallas.
In regards to NYC's pull, nothing will ever steal NYC's thunder in the next century.
It recently surpassed London as the financial center of the world.
Also, for with the exception of Houston and Dallas, most of these low cost southern cities barely have any major corporations. And they're both well behind New York and that's not going to change.
Fortune 500 Companies 2014
New York 84
San Francisco 30
Chicago 29
Houston 26
Los Angeles 22
Dallas 18
Minneapolis 17
Atlanta 16
Washington DC 16
Detroit 14
Boston 12
Denver 9
Philadelphia 9
Seattle 9
Cleveland 7
Miami 7
Phoenix 5
Portland 2
San Diego 2
And millionaire households are rare in Southern Cities, with the exeption of Houston and Dallas (which is so small compared to NYC)
Metro Areas Ranked by Millionaire Households 1. NYC 898,800
2. Los Angeles: 330,000
3. San Francisco: 199,300
4. San Jose 122,400
5. Chicago: 264,300
6. Washington DC: 220,700
7. Boston: 147,700
8. Philadelphia: 135,700
9. Houston: 131,000
10. Dallas-Fort Worth: 113,300
11. Detroit: 108,200
11. Seattle: 87,800
NYC has more rich people than any city in the world.
Cheaper cities will never, ever even approach the wealth and corporate base of New York. They're all growing and good for them, but the most elite cities are pretty much set in stone - New York, London, Tokyo. Cities like Austin and Charlotte are child's play compared to cities like this.
There are studies that rank cities and New York usually sweeps when they look into which cities are the most important in the world.
This comes across as a of load hubris, harumping and suspender-snapping. The economy is imploding on Long Island. Cuomo's ads aren't helping, and we're not upstate.
If I were you, I'd not believe in NY's invincibility. The jobs you mentioned can be performed in cheaper locations, even offshore. Enjoy your cigars and Dom Perignon, but sleep with one eye open.
May I ask what's with the obsession with the wealthy?
High concentrations of wealth generally tells you which places are deemed as desirable to major CEO's and people with no monetary constraints/ability freely choose where it is they want to live. And the largest majority of these people say ....*drumroll*.... NYC
Well of course many of the jobs can be performed elsewhere. There has been a lot of shifting back-offce financial services jobs to lower-tier cities outside of New York and London for decades but those people don't make a dent in the economy.
People who can afford better prefer to live in superior cities which is why the highest real estate and highest level of wealth are in such places, not horrid hovels like Charlotte. Can you imagine living in such a place? Frightening.
Do you really think you'd ever see Charlotte on a list like this? LOL!
You have said nothing that addresses the deep, intractable problems we're having on LI, and continue to preen and strut about NY and its billionaires and that every place that is not NY is a third rate hovel.
I'm starting to wonder if you're a fast food worker from St. Louis and trolling us.
I'm actually from another elite city - London. I am a CEO and lived in Manhattan for 5 years. And also rented a home in the Hamptons (Amagansett) during the summer. This year, I am finally ridding myself of this Houston existence and moving back to where one with my fine taste belongs - Manhattan.
Maybe I'll be a Long Island homeowner as I will probably purchase a home in the Hamptons when I return. I do believe the Hamptons are on Long Island so I have a right to share my thoughts. Kindly get over it.
And you spend your time here sounding like an out of towner? What kind of company are you a CEO of?
So, have you ever done a pub crawl in Huntington Village? Hung out at Robert Moses? Transferred at Jamaica? Rented the upstairs or basement of someone's home? Camped at Watch Hill? What do you know about Long Island?
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