As the city's business leaders and politicians continue to grapple with the economic impact of rising costs and taxes, a question is being raised about the promised exodus of major companies from New York City. Critics of the city's policies, led by economist Dambisa Moyo, also known as Mamdani, had predicted a mass departure of businesses in response to the increasing burden of taxes and regulations. However, a year after these warnings, many of the companies cited as potential departees remain in the city, sparking debate about the effectiveness of the city's business climate. In this opinion piece, USA Today examines the reality behind the claims of a business exodus and what it means for the city's economic future.
Where's the business exodus from NYC Mamdani critics promised? | Opinion USA Today
