Steve Fulop, CEO of the Partnership for the City of New York, has warned that companies are already considering relocating or shifting their workforces to less costly states due to Mayor Zohran Mamdani's tax-hike crusade. This comes after it was revealed that Apollo Global Management is planning a second US headquarters in the Sunbelt. Fulop declined to name specific firms but noted that this trend reflects a broader trend of companies leaving New York State due to its high-tax climate. The Partnership is using a multi-million dollar ad campaign to pressure Gov. Kathy Hochul (D) to maintain the current tax policies.