Florida recently attracted big names like Wall Street and Silicon Valley, such as Keith Robois, Elliott Management and Goldman Sachs.
“For years, people have been talking about moving, but going to Florida is not really cool among the rich. That’s right, you can’t hack this in New York, so you go to Florida,” said CNBC’s wealth correspondent Robert Frank. “Now the sump where you stayed in New York.”
Florida reports a slow one Proper technology and Financial Center The front started well International spread of corona virus. In 2018, Florida secured its place in the big league with $ 2.88 billion Raised in venture capital. That The trend continues throughout 2020.
Delian AsparhovA venture investor from Silicon Valley flew to Florida in March after Miami Mayor Francis Suarez responded to his tweet about leaving Silicon Valley to Miami.
Asparov believes Miami has the potential to become the largest technology hub in the United States.
“Venture capital investment flows into New York seven or eight times faster than Florida. You know, California has five times more than New York got, so Florida is not part of the technology economy,” said Christopher Young, a Cornell University professor who studies the migration of wealthy Americans.
Other potential challenges for Florida’s rise include lower wages, income inequality and housing shortages. Migration data and GDP growth since 2020 also do not indicate a major improvement.
Watch the video to hear what it means for the state in 2021 and beyond, from locals and those who have recently moved to Florida.