Texas Will Welcome ‘Fed Up’ Chicago Firms, Greg Abbott Says (1)

Texas Governor Greg Abbott has his eyes on Chicago.

The Republican leader said he’s spoken to CME Group Inc., the world’s largest futures exchange, about relocating to the Lone Star State. CME and other Chicago-based trading firms have complained about a pickup in violent crime since the pandemic as well as potential tax increases floated by the mayor.

“I actually have approached the CME,” Abbott said Wednesday in an interview with Bloomberg Television in New York. “There are some businesses in Chicago that are fed up.”

Texas Governor Greg Abbott, a Republican, talks about why he says more businesses are moving to his state.

Source: Bloomberg

Texas has benefited from a realignment in the finance industry in recent ...