WATCH: Shark Tank’s Kevin O’Leary Praises Business Climate in Red States

March 20th, 2024 1:13 PM

Where is the American Dream still alive despite President Joe Biden’s decrepit economy? According to Shark Tank star Kevin O’Leary, aka “Mr. Wonderful,” those seeking opportunity should look to several dynamic red states. 

O’Leary responded to a segment of Americans discussing the American Dream and the struggling American economy under Joe Biden during the March 18 edition of The Story With Martha MacCallum. When Fox News anchor Martha MacCallum suggested that O’Leary believed the American Dream was alive in “certain parts of the country” and certain states, O’Leary heaped praise on several red states. “I think you have to look at the governor of each state setting the tone. They are the CEO of the state, the senators are important, but the governors are the CEO of the state so they set the policy up. So the states I'm doing business in now, Montana, Oklahoma, North Dakota, West Virginia; they have very stable policy.” 

O’Leary made clear that the way red state governors were running their respective states had a positive impact on the investment climate. “We used to fly over them and I didn't do anything there. I'm closing all kinds of deals right now in North Dakota with remarkable companies that I'd never even seen before,” O’Leary said. He pointed out some of the qualities that made these states good for business courtesy of their governors: “Really strong work ethic, really, really focusing on building business outside of the state and by doing this I bring in other capital from outside as well, and tell the story. That’s [Governor] Doug Burgum’s state and [Governor] Kevin Stitt in Oklahoma. I mean these men care about the state.”

All four of these states are run by Republican governors. This is not the first time that O’Leary has drawn this distinction. O’Leary has sharply contrasted pro-business red states with out-of-control blue states such as New York and California on Fox News before. He has also sat down recently with Governor Jim Justice (R-WV) and Governor Stitt recently to discuss investing in their states, while also traveling to South Dakota. 

Governor Stitt responded to O’Leary’s praise in a post on X, writing, “Kevin O’Leary gets it. Oklahoma is the most business-friendly state in the nation.”

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