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Miami is on the rise- again. A city well-known for its resiliency, Miami has been bouncing back from the economic fallout of the coronavirus pandemic with a vigor that is the envy of other major American metropolitan areas. One of the main factors driving this growth is the relocation of companies and C-Suite executives from other parts of the country looking to capitalize on Miami’s advantages.
In a way, COVID-19 has accelerated a process that was already underway, as businesses from across the corporate spectrum began to recognize that the metro Miami area had developed the right mix of entrepreneurship, innovation, talent and quality of life and cost advantages that warranted serious consideration of a relocation or expansion. Florida’s absence of individual income and capital gains taxes was already fueling wealth migration from other parts of the country, particularly after the Trump Administration’s roll back