Tornado Alley (PROG)

[B402]

New York has lost almost $1 trillion as asset management companies head to the Sun Belt.

(Well people are leaving for a reason)

Wall Street Firms Are Leaving New York, Taking $1 Trillion With Them
https://www.msn.com/en-us/money/companies/wall-street-firms-are-leaving-new-york-taking-1-trillion-with-them/ar-AA1fC7d1#:~:text=New%20York%20has%20lost%20almost%20%241%20trillion%20as,New%20York%2C%20according%20to%20data%20compiled%20by%20Bloomberg.

Nearly 160 companies fled New York since 2020

New York has lost almost $1 trillion as asset management companies head to the Sun Belt.

Between early 2020 and 2023, 158 companies that manage $993 billion in assets moved their headquarters out of New York, according to data compiled by Bloomberg. Texas and Florida have received an influx of companies leaving California and New York — and the economic boom that comes with it.