Apollo Global Management, the private equity giant which manages $1 trillion in assets, has announced it will locate a second headquarters in Austin, Texas, scaling back the importance of its New York City base.

Earlier this year, the company stated: “New York does not have a monopoly on talent, and we expect most of our future growth will take place in our second HQ.”

Apollo is far from alone in joining the company cattle drive to Texas. Canyon Partners, a well-known credit manager, has moved its headquarters from California to Texas.

You can track how many people are moving out of New York or any other blue state by visiting our website VoteWithYourFeet.net.

JPMorgan, Goldman Sachs, and Scotiabank also recently opened Texas offices with thousands of employees. The New York Stock Exchange recently launched NYSE Texas, and Nasdaq recently announced plans for Nasdaq Texas. Texas offers huge advantages for financial services firms due to its low tax rates and pro-business policies. And Austin doesn’t have a mayor named Zohran Mamdani.