4 ms·
It's booming in the sense that wealthy people are buying up property. That isn't the same as being a new hub for a lot of business creation and frankly haven't
by tempsy 3y ago
It's booming in the sense that wealthy people are buying up property.
That isn't the same as being a new hub for a lot of business creation and frankly haven't seen a lot of evidence established companies are eager to make it into a new hub or that there's a bunch of growing startups there with real traction.
- jntvjnvutnuvt 3y agoMiami is the fastest growing tech hub in America [1]. Citadel is moving to Miami from Chicago and Guggenheim is about to do the same. [1] https://www.washingtonpost.com/technology/2023/04/12/silicon-valley-bay-area-tech/ https://www.washingtonpost.com/technology/2023/04/12/silicon...
- alephnerd 3y agoThe Chicago to Miami move is primarily an income tax avoidance scheme common in the HFT industry within Illinois, especially after the state instituted a 5% income tax after the IL budget crisis in 2017-18.