With JPMorgan And Goldman Sachs, Miami Could Become Wall Street South
Elon Musk just moved to Texas, but guess who s (reportedly) moving to South Florida? Jared Kushner, Ivanka Trump, Tom Brady, Gisele Bundchen and the asset management division of Goldman Sachs. Those are the boldface names announced in news reports last week alone.
Today, the New York Post reported that JPMorgan Chase CEO Jamie Dimon is open to moving his bank to Florida, too, a move he formerly resisted because he said the schools weren t good enough.
Miami has been dubbed Wall Street South since at least 1990.
In the past year or three, the migration of high-profile business to Miami, and to Florida more broadly, has gained steam. There s no income tax and the politics are perceived as business-friendly. But the state struggles to fund education, environmental protections and mass transit. There s also climate change, sea-level rise and saltwater intrusion to con