**Fly South, Zo Birds! Boca Raton Mayor Courts New York Businesses After Mamdani Victory**
Boca Raton’s Republican Mayor Scott Singer is ramping up efforts to attract New York businesses following democratic socialist Zohran Mamdani’s win in the New York City mayoral election. Singer claims Boca Raton—known for its beaches and business-friendly climate—offers a far better environment for companies than New York City does, especially as Mamdani is expected to push for increased corporate taxes and higher taxes on the wealthy.
“Dear New York Business Leaders, New York’s message to the financial sector couldn’t be clearer after Mamdani’s election: success is something to regulate, not celebrate,” Singer wrote in an open appeal to Gotham CEOs, which The Post obtained. “In Boca Raton, we take a different view. Here, we believe that thriving businesses lift communities, not burden them.”
Singer highlighted several financial advantages of relocating to Boca Raton. He pointed out that operating costs are about 30% lower than Manhattan’s Class A office spaces, and there’s no state or local personal income tax—compared to a potential combined state-local rate of up to 17% in New York City. Boca Raton also boasts the lowest property tax rate among Florida’s major cities and a strong, growing talent pipeline in finance and professional services, fueled by three local universities.
Mamdani’s policy agenda reportedly includes raising property taxes, especially in wealthier (and mostly white) neighborhoods, to fund approximately $9 billion in initiatives like free child care, expanded bus service, and more affordable housing.
“That’s why more firms are choosing Boca Raton as their new headquarters,” Singer added. “We have 40 publicly traded corporate HQs spanning diverse industries, and a growing number of regional, satellite, and hybrid offices. Boca Raton offers what New York no longer can.”
Singer continued, “The future of finance is moving south along with other industries, and Boca Raton is eager to welcome you.” Currently, the city is home to about 50 publicly traded or private companies with significant operations, including ADT, Regenerative Medical Technology Group, Office Depot, Aerospace Technologies Group, Canon, and Tyco Integrated Security.
Florida leaders have intensified their recruitment pitches since Mamdani’s victory in both the Democratic primary in June and the recent general election. At the same time, home buying has spiked across Florida as residents anticipate an influx of New Yorkers entering the market.
“People are concerned and looking for better business opportunities,” Singer told The Post, referencing outreach from retail business owners and financial sector executives interested in relocating to his well-heeled city of 103,000 residents.
Singer’s letter also promoted the city’s lifestyle advantages, including five miles of public beaches—an offer he described as “productivity in paradise.”
“Boca Raton has become the destination for firms that want to grow freely, attract top professionals, and live well while doing it,” Singer told corporate leaders.
Meanwhile, Mayor-elect Mamdani’s team maintains that his focus on affordability—lowering child care and transportation costs and expanding affordable housing—will help retain families and benefit businesses in New York City.
“The Mayor-elect’s affordability agenda will help working New Yorkers and help businesses alike, delivering universal childcare and allowing companies to attract and retain top talent from around the world,” said campaign spokesperson Dora Pekec.
https://nypost.com/2025/11/09/us-news/boca-raton-makes-serious-pitch-to-nyc-businesses-to-head-south-after-zohran-mamdani-win/