Florida crowns NYC Mayor Mamdani 'Economic Developer' in Times Square billboard

Florida crowns NYC Mayor Mamdani 'Economic Developer' in Times Square billboard

Fox Business business

Key Points:

  • The Florida Chamber of Commerce has launched a Times Square billboard campaign sarcastically naming New York City Mayor Zohran Mamdani as Florida's "Economic Developer of the Year," blaming progressive taxes and socialist policies in New York for driving wealth and businesses to Florida.
  • The campaign highlights Florida's lower taxes and economic growth, citing IRS data showing Florida gains $2.4 million in net taxable income and 551 residents daily, while New York loses $1.1 million and 115 residents daily.
  • Chamber CEO Mark Wilson argues that free enterprise and lower taxes foster economic growth, contrasting Florida's record revenues and tax cuts with New York's higher tax burdens and budget, warning that tax hikes in blue states accelerate outmigration.
  • The initiative aims to promote free-market principles nationwide, encouraging other states to follow Florida's model rather than adopting socialist policies, with future campaigns planned targeting cities like Chicago, California, and Minneapolis.
  • Florida's Chamber stresses the competition among states is ideological, emphasizing that embracing free enterprise is key to boosting U.S. GDP growth and preserving American freedoms amid a national debate over government control versus economic liberty.

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