Leaving NYC, Big Red Car, who’s leaving New York now? Financial enterprises.
Big Red Car here in the slightly gray ATX – still, On Earth as it is in Texas, y’all!
A recent announcement that NYC headquartered AllianceBernstein Holding LLC was moving its headquarters and 1,000 jobs to Nashville caught my attention.
It is a phenomenon which is playing out right here in Austin and Texas, in general. Firms and individuals are leaving California, Chicago, and NYC to relocate to Texas and its pro-business, nice weather, no taxes environment.
Nashville has some of that Southern mojo working in its favor, but this is all about money – real estate, taxes (state and city), employment expense, and flight from an ever increasing burden.
Green Mesquite the Big Red Car’s favorite BBQ joint. Come on down, y’all. BBQ on the Big Red Car!
It is about the money, y’all.