Will businesses really leave NYC because of Mamdani?
About this episode
Steve Fulop discusses the implications of businesses potentially leaving NYC and the factors influencing their decisions.
Steve Fulop is the president and CEO of Partnership for New York City, an invitation-only organization of about 350 of the city's leading business executives and major employers. He recently succeeded longtime Partnership President and CEO Kathryn Wylde. Before joining the Partnership, Fulop served as mayor of Jersey City for 12 years and was a candidate for governor of New Jersey in 2025. Fulop joined NY1's Errol Louis to discuss local CEOs' warnings of leaving New York despite major new corporate headquarters investments. Fulop argued no one is bluffing: firms must be in NYC for its unique assets and talent but can shift growth elsewhere post-COVID, amid high taxes, anti-business rhetoric, and competing incentives from other states and nearby New Jersey. The conversation also covered how losing even middle-office jobs worsens affordability and how structural reforms focusing on better schools and more housing are needed to keep young talent in the city.
People in this episode
Host: Errol Louis
Guest: Steve Fulop
Topics covered
- business
- New York City
- corporate headquarters
- economic growth
- affordability
- talent retention
Keywords
- business executives
Mentioned in this episode
Organizations: Partnership for New York City
Places: New York, New Jersey, Jersey City
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