Barron Trump launched and later dissolved a real estate development company last year
It was recently reported that Barron Trump, the youngest child of President Donald Trump, made his first brief foray into the real estate business world last year before abruptly canceling the developing plans a few months later.
That short-lived business venture was incorporated in Wyoming, and now that state's Secretary of State is encouraging Barron and everybody else to do business within Wyoming's borders, according to Cowboy State Daily.
The elected official made it clear that he wants to see Wyoming replace Delaware as the nation's most friendly and welcoming state for businesses to incorporate and expressed hope that the president's youngest son would look again at relaunching a real estate development company there.
Real estate company launched and then dissolved
Newsweek was the first to report a couple of weeks ago that Barron Trump had joined with a pair of friends, one a former classmate at his prestigious private school in South Florida, to incorporate a real estate development business in Wyoming last July that was dubbed Trump, Fulcher & Roxburgh Capital Inc.
That business, though incorporated in Wyoming, listed Barron's Palm Beach, Florida address as its principal office, and according to partner Cameron Roxburgh, planned to develop high-end luxury residential and golf course properties in Western states like Arizona, Idaho, and Utah.
Roxburgh noted that President Trump approved of the business venture and provided his son with advice but not with any financial backing. The goal for the young businessmen was to build up the new company over time until it was eventually purchased and incorporated as a subsidiary of the larger Trump Organization.
The company lasted only four months before it was dissolved in November just days after the election, likely over concerns about excessive media attention and allegations of conflicts of interest or selling access to the new president. Roxburgh suggested that there were plans to possibly relaunch the business in the coming months, however.
Making Wyoming great for businesses
Cowboy State Daily reported that Wyoming Secretary of State Chuck Gray was thrilled to learn the news of Barron Trump launching a business in his state and was encouraging of him and others to make Wyoming the home of their new companies.
"Wyoming is THE place in the USA for American patriots to incorporate," Gray told the local news outlet. "Unfortunately, Delaware has developed woke ESG (environmental, social, governance-driven) business policies that have alienated American common sense conservatives."
Gray hopes to make his state a "patriotic Make America Great Again alternative" to the once-popular business haven of Delaware and wants to work with President Trump's administration to "advance America’s New Golden Age."
He had tried to woo billionaire Tesla CEO Elon Musk to move his electric vehicle company to Wyoming when Musk pulled out of California's decidedly unfriendly business atmosphere but lost out to Texas, though Gray boasted of scoring wins with a couple of Trump Organization business ventures, including Trump-branded watches and sneakers, that were incorporated in the state last year.
Barron will move forward under watchful eyes of parents
"Barron wants to follow in his dad's footsteps," an unnamed inside source told People magazine about young Trump's brief business foray last year. "He is interested in business in general, developing properties, making money, and being involved in successful projects."
"He has his own ideas and understands what people of his age are looking for," the source continued. "He is quite entrepreneurial, bright, and not shy about getting his own career in gear."
There are, of course, legitimate concerns about accusations of selling "access" to his father, and another anonymous source suggested that his mother, first lady Melania Trump, will keep a close eye on things as they develop, and said, "Melania will encourage this with warnings of being careful. She is very protective of her son, no matter what, and that should continue."