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Benzinga
  • 15 hours ago
Florida and Texas governors highlighted an 11-state Southeast "Boom Belt" generating $9T in annual GDP and capturing 70% of U.S. population growth over five past five years. The region is drawing jobs and capital from traditional hubs like New York and Chicago amid tax-the-rich proposals in high-tax states.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02An 11-state Southeast boom belt is emerging as a major economic force,
00:06challenging the financial dominance of New York and Chicago, according to Fox Business.
00:10Florida Governor Ron DeSantis and Texas Governor Greg Abbott highlighted an 11-state Southeast
00:15region generating $9 trillion in annual GDP during a Miami panel. They called it a rising
00:21economic center, challenging traditional financial hubs. The states include Alabama,
00:25Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina,
00:31Tennessee, and Texas. The region captured 70% of the U.S. population growth over the past five years
00:37and is gaining jobs and capital investment. The migration is driven by tax the rich proposals
00:42in California, New York, and Washington. For all things money, visit Benzinga.com.
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