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In a major announcement, Tyson Foods revealed that all employees in the Chicago area will be relocated.
Tyson, which employs 137,000 people worldwide, will relocate staffers from Chicago and Dakota Dunes, South Dakota.
Democratic policies have failed many of America’s great cities. A prime example is Chicago.
Ken Griffin, who is worth $31 billion, and his multi-billionaire hedge fund called Citadel also moved the company is moving from Chicago, Illinois, to Miami, Florida. He is the richest man in Illinois and among the 50 richest people on the planet.
Tyson CEO Donnie King said, “Bringing our talented corporate team members and businesses together under one roof unlocks greater opportunities to share perspectives and ideas, while also enabling us to act quickly to solve problems and provide the innovative products solutions that our customers deserve and value,”
“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” Caterpillar CEO Jim Umpleby said.
The city of Chicago boasts the second-highest tax burden among large metropolitan areas in the United States, according to a 2021 study from the Tax Foundation.
Residents pay a combined state and local tax rate of 10.25%.
Griffin of Citadel said he has been personally affected by Chicago’s descent into “anarchy.” Griffin says one of his close colleagues went to get coffee and he was robbed with “a gun to his head.”
Another colleague was outside waiting for a car when he was approached by “some random lunatic just trying to punch him in the head,” Griffin added.
In a letter to employees, Griffin said, “Chicago will continue to be important to the future of Citadel, as many of our colleagues have deep ties to Illinois.”
“Over the past year, however, many of our Chicago teams have asked to relocate to Miami, New York and our other offices around the world,” he continued.
Griffin reportedly hinted to The Wall Street Journal that crime rates in Chicago have played a role in his decision.
“If people aren’t safe here, they’re not going to live here,” he said. “I’ve had multiple colleagues mugged at gunpoint. I’ve had a colleague stabbed on the way to work. Countless issues of burglary.”
“I mean, that’s a really difficult backdrop with which to draw talent to your city from,” he added.
