Goldman Plots Florida Base for Asset Management Arm

The video discusses the trend of companies relocating from New York City to the South, particularly Florida, due to factors like COVID-19, high taxes, and cost of living. Goldman Sachs is considering moving roles out of NYC to save costs, with potential relocations to Dallas and Florida. This trend is impacting NYC's economy and job market, with other financial firms like Elliott Management and Citadel also moving to Florida. The video highlights concerns about NYC's future as a financial center, given the increasing number of empty office buildings and the potential loss of its tax base.

What are some reasons companies are moving from New York to the South?

• Lower cost of living and taxes

• Better public transportation

• Higher salaries

• More cultural attractions

What is one of the main attractions for companies considering a move to Florida?

• Proximity to Europe

• Advanced public transport

• Zero state income tax

• Higher education levels

Which major financial firm is planning to move its headquarters to West Palm Beach?

• Goldman Sachs

• Elliott Management

• Citadel

• JP Morgan Chase

What did JP Morgan Chase's CEO praise about Florida?

• Its educational institutions

• Its business-friendly environment

• Its public transportation system

• Its cultural diversity

What is a significant concern for New York City as a financial center post-COVID?

• Better weather

• Higher tax rates

• More empty office buildings

• Increased tourism