"Two hundred fifty years ago, George Washington gave his inaugural speech in Manhattan. And for 250 years, New York City has survived,"
"It's had ups, it's had downs. It's had great mayors, it's had not-so-great mayors. It survives. And so we will survive."
"Every step of the way, this building happened because of collaboration,"
"Governments can stop that, or they can make it happen. When you work together, you create jobs, you train people, you make your city proud."
JPMorgan Chase inaugurated a $3 billion, 60-story global headquarters in Midtown Manhattan that will house more than 10,000 employees. The investment reinforces corporate presence and adds a significant skyscraper to the city skyline. The bank contributes an estimated $42 billion annually to the local economy but now employs more workers in Texas than in New York, reflecting sector shifts. New York has lost more than 8,000 financial jobs this year, reducing tax revenues and raising anxiety among real estate leaders and investors. The opening occurs two weeks before a mayoral election that could introduce tax and rent-policy changes, increasing uncertainty.
Read at Fox Business
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