Watch: Kevin O’Leary moves his companies out of crime-ridden NYC

Share on social

Shark Tank star Kevin O’Leary has made headlines recently for his decision to move his businesses out of both New York City and Massachusetts. 

In a video announcing the move, O’Leary cites high taxes, unstable policies, and a lack of safety as major factors in his decision to relocate. O’Leary is not one to shy away from controversy, and his departure from two Democratic-led cities has garnered much attention, particularly from those who share his conservative views.

Washington Examiner reports. New York City, the city that never sleeps, has been plagued with a spike in crimes that has left the residents with no choice but to flee. Even the famous Shark Tank star Kevin O’Leary has declared the city a “war zone” and has announced that he will relocate his businesses to more business-friendly states like Florida, Tennessee and North Dakota.

According to Mr. Wonderful, the high taxes and punitive policies of Democratic-led cities such as New York City and Los Angeles have made these places unbearable for investors, entrepreneurs and employees alike. The lack of proper management in these cities has led to a dangerous spike in crimes, making them unsafe for anyone to live or work.

New York City is a hotbed of crime, with statistics showing that there are more than 300 shooting incidents in the first three months of 2021 alone. This represents a staggering increase of 95% compared to the same period in the previous year. This comes as no surprise, given that New York City has been defunded by $1.5 billion by the current administration.

The Shark Tank star’s decision to move his businesses out of New York City was not political but purely a business decision. O’Leary and his cohort of investors realized that they could headquarter their companies in states that are more business-friendly and offer better tax policies, strong schools, and a better place to live.

States such as Florida, Tennessee, and North Dakota have become a haven for entrepreneurs like O’Leary, who seek to expand their businesses without the stress and anxiety of living and working in a crime-ridden city like New York. With the rise of remote working and accessible technology, it is easier to set up companies in more favorable locations.

It seems as though Shark Tank’s Kevin O’Leary has had enough of the unstable policies and crime-ridden streets in New York City and Los Angeles. In a recent interview, the sharp-tongued CEO and investor reveals that his companies have officially packed their bags and moved out of the Big Apple, citing the city’s detrimental leadership and high taxes as contributing factors. Instead, O’Leary has set his sights on the sunny shores of Florida, where he predicts success and prosperity in a city that has taken strides to prioritize business and economic growth. Whether you agree with O’Leary’s decision or not, one thing is clear: Democratic-run cities beware – this conservative entrepreneur is not afraid to speak his mind and put his money where his mouth is.

Let’s continue this conversation, in the comments below.

Next News Network Team

Next News Network Team

Stay Updated

Get us in your inbox

By subscribing you agree to our Privacy Policy

New & Trending
Latest Videos
Follow us