Dimon Suggests Other States Should Be More Like Texas
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Jamie Dimon applauded Texas for its business-friendly policies and said other areas including New York City should do more to attract investment.
The chief executive officer of JPMorgan Chase & Co. praised Texas’s lack of an income tax and its light regulatory touch, which have prompted companies to relocate or expand in the state. JPMorgan’s workforce in Texas has surpassed 30,000 in recent years while New York’s total has slipped to less than 29,000 from 35,000.