McLaren Has ENOUGH, Moving HQ From NY Taxes And Regulations To The Lone Star State

15 mins from Autospies HQ and 10 mins From Toyota

Who next?

Lol Benz and Porsche have been reaping major benefits from their move to Atlanta who continues to roll out the red carpet for them since the move from Jersey

Hmmm maybe the American HQs can get the 2 together for an E500 2.0 collab...nah not on Volkswagens watch

Nobody.

The top US states for luxury ownership are New York, Florida and California. If you are going to set up an HQ for your luxury car company or supercar company, it would be smart (and logical) to be close to your clients.

And since 2 major buying centres are on the East coast, the logical choice is to locate there. Spare yourself and your staff the unrelenting humidity and pollen vortex of the US South if you can... Somewhere in New York State, New Jersey or even Connecticut would be just fine. 4 seasons.

https://www.forbes.com/2009/11/06/luxury-cars-states-lifestyle-vehicles-bmw-mercedes.html#13daa6e37892

“Need more space” is different than “has enough”. The article says nothing about taxes or regulations. But nice attempt at hijacking the article and editorializing the headline anyway. You almost got away with it.

Not.

I do find Agent009 does like to put his spin on things. But then again, when you own your own website you can do as you please...

Because there was a time when it wasn't run by do as I say not as I do Communists

NY politicians have no clue...population in decline, startups down, retired people moving south, young people leaving to start/further careers elsewhere, brain drain in high gear, 1%ers leaving for 6 months and a day establishing residence in Florida, tax base in decline, etc etc. As more people and businesses leave those left behind taxed at ever increasing rates. The future of NY is bleak to say the least.

Republican voting Upstate NY is in decline. Younger people just do not want to live there for the most part. It’s very pretty and very boring. Lots of trees and hills. Not so much clubs and hi-tech startups.

Liberal NYC is doing very well for the most part. Hi-tech continues to move in at a rapid pace, manufacturing is steady. A main cause of concern is that a lot of people want to live in NYC and drive up rent and apartment costs. A lot of people who simply can’t afford to live there move away. A large part of NYCs taxes come from Wall Street activity so tax revenues can swing up and down quarter to quarter depending on Wall Street results.

Mixing Upstate and NYC is kind of a wash as far as economy goes. Conservative Upstate not doing well at all. Liberal NYC has an economy the size of South Korea or Canada all by itself. It’s doing pretty well.

Liberals HATE business.

fool

Good to see everyone making the effort to keep politics out of the discussion of the auto business... :/

Says the person who ALWAYS politicizes everything with his CTRL + V spewing. #hypocrite

Nothing about having had enough in the article? Looking to attract controversy?? It was about getting a lot more space and being more centrally located. In that context it makes a lot of sense. It is illogical to try and run a smallish super car company in the middle of a huge crowded city.

McLaren will go from a 4,500-square-foot office suite in Manhattan to a 30,000-square-foot center in Coppell, Texas, a Dallas suburb, which will cost significantly less than the automaker is paying for the New York space, Joseph said.

Also Texas has ZERO corporate taxes and ZERO individual income taxes. Also very few regulation that hinder businesses in NY.

Exactly, they need a lot more space and are consolidating some of their operations that are currently dispersed. Being in the middle of a big city made no sense, did not add value. On the other hand different businesses may find a lot of benefit to being located in NYC. Location is often dependent on the particular business. IT looks for areas with excellent higher education and areas that promote entrepreneurs such as Austin, Silicon Valley etc... Manufacturing that often requires land and unskilled low cost labor will locate where land is cheaper and low cost labor plentiful. IN other words there are a lot of things that influence where a particular business will decide to locate and there was nothing in the article saying they have had enough of NYC. It just was not a good fit for them any longer, and likely was a bad decision in the first place.

On the other hand they should have picked somewhere with more interesting roads and terrain, flat as a pancake round Dallas/Fort Worth. Maybe Arkansas, or eastern Oklahoma, or even up in the Denver area. They do have a few racetracks around the DFW araa though.

The Austin F1 track is only 2.5 hours away.

If Liberals hate business then why do hot startups and young people looking for the hottest jobs move to the most Liberal parts of any region... Austin, San Fran? NYC? All of these are the most Liberal areas and all are destinations for business despite being surrounded by much more conservative areas? Liberal policies = better place to live = encourage innovation = more exciting energy = huge demand to live there.

Conservative rural areas of the country are generally in decline and the cause of much of the angst in the country today. It is their current hissy fit that defines politics these days.

ALL of the growth in new automotive production space has been in conservative states.

Liberal policies = tax....tax...tax...strangle with rules...rules...rules...and like Detroit, ruin...ruin...ruin.

And Liberals do that because they are viciously intolerant of individual freedom.

Easy to discern the entrepreneurs from the communist corporate slaves based on the comments. Only communists would try to excuse the government stealing from its people.

Instead of making stupid comments, if you actually read the article it raises more questions than answers. They only have 27 employees in the USA. Most are said to be field based. So let's say you have 15 in the office. Why did you have 4,500Sqft in a tower in NYC? Why do you need 30,000 Sqft in Texas for admin and an MSO centre? It all sounds pretty wasteful to me for a car company that did 1,600 unit sales in the USA last year.