SBA’s Loeffler says NYC economy strained by inflation and regulation

Exclusive: Since New York City is the potential elections for Social Democratic Socialism, Zahran Mamdani, Small Business Director Kelly Lovler warns that the city’s economic institution is already subjected to pressure from inflation, high taxes and organization.

Loefler Fox News Digital told New York City that they fear that socialist policies can accelerate the loss of the population and pay more jobs and investment to the red states.

NYC official warns that companies will run “in large numbers” if the Social Democratic candidate wins the mayor’s race

She said that more than 100,000 small companies in New York City are employing nearly a million people, making them a strong pulse of the city’s economic heartbeat.

“New York is the capital of capitalism and small companies.”

“Small companies are very concerned about what might go on the road, especially as they hear threats to socialist policies, seizing government industries, high regulations, tax height, and minimum wages that may escalate to $ 30 per hour and cost thousands of jobs,” she added, adding that New York City companies have already witnessed “cutting the customer base.”

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It is a decrease that says its acceleration only over the past four years, as people, companies and capital move to the red states.

Kelly Levler, US Small Business Director, speaks during the annual Concordia Summit on September 24, 2025, in New York City. (Riccardo Savi / Getty Images for Concordia Summit / Getty Images)

“The fastest growing states in this country are red countries, while the states that lost most of the population and business are the blue states,” she said.

“This is true in New York, and this is why you see states such as Texas, Florida and Georgia grow-because they have a pro-heat-supporting agenda that allows free projects to flourish and allow people to live their American dream.”

The study appears on Mamdani’s rise in New York Economic City to the south

Her statements come at a time when 33 -year -old democratic socialism continues strong progress in the New York City mayor’s race.

New York City mayor Zahran Mamdani during a municipal hall at Brooklyn College in New York City on September 6, 2025. (Angela Weiss/AFP/Getty Images/Getty Images)

The ability to withstand costs is the axis of the Mamdani campaign to operate the largest city in the United States, but the proposals such as free buses, city -owned groceries, and freezing rent has rocked Wall Street, as it drew some of its most famous criticism.

Experts say the rental freezing plan in Mamdani can press housing costs in New York

The clash affirms the expanded division between the progressive visions of the city and the financial sector that has been operated for a long time.

“We have already conducted this socialist experience of fugitive spending that pushed inflation and massive organization. This stops the ability of innovative industries like artificial intelligence Levler said:

Mamdani’s campaign did not immediately respond to the Fox News Digital request for comment.

The American flag is on the wall while traders work on the New York Stock Exchange floor at the opening bell on June 13, 2025, in New York City. (Angela Weiss/AFP/Getty Images/Getty Images)

Treasury Secretary Scott Pesin On Wednesday, Mamdani’s economic proposals risked in New York City to a financial crisis, warning that if the city turns to Washington to obtain a rescue plan, it will not receive one.

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“You cannot age such policies and expect to save,” Pisent said during an interview with Maria Bartopiromo in “Al -Sabah with Maria”.

“Will this rescue give them?” Bartiromo pressure.

“Gerald Ford said,” will be dead. “