00:00.330 --> 00:02.700
Johny Fernandez: Tech businesses
nationwide continue to move from

00:02.700 --> 00:06.000
traditional big cities like New
York City to other places with

00:06.000 --> 00:09.390
lower taxes and better quality
of life. According to Forbes

00:09.390 --> 00:13.320
magazine in 2020, it's not only
tech businesses, but also Wall

00:13.320 --> 00:14.850
Street firms and banks.

00:20.240 --> 00:23.270
Earlier this year deBanked
headed to Miami to see how the

00:23.300 --> 00:26.450
industry was doing as COVID
infections were on the rise.

00:27.020 --> 00:30.470
Despite the city slowly coming
back to life, the fast cars,

00:30.470 --> 00:33.440
great food, and beaches for
selling points for businesses

00:33.440 --> 00:35.420
down there to stay open and
grow.

00:35.460 --> 00:37.680
Craig Hecker: So I think it
taught us a lot. And I think

00:37.680 --> 00:42.960
that when you face challenges
like like this pandemic, it

00:42.960 --> 00:47.130
really pushes you to reinvent
yourself or reinvent certain

00:47.130 --> 00:50.760
parts of your business that you
never thought were possible.

00:50.990 --> 00:53.240
Johny Fernandez: This week,
Miami's Mayor Francis Suarez

00:53.270 --> 00:56.900
announced the city had its first
growing tech sea meetup, city

00:56.900 --> 00:59.690
leaders met up with more than
200 people that were interested

00:59.690 --> 01:02.750
in transforming Miami into an
international tech and

01:02.750 --> 01:06.230
innovation hub. He tweeted
quote, Miami is driven by a

01:06.230 --> 01:09.470
diverse group of intelligent
talented professionals who help

01:09.470 --> 01:11.540
make our city a global
destination.

01:11.610 --> 01:13.770
Francis Suarez: You can hire
people from Miami, you can bring

01:13.770 --> 01:18.300
people to Miami, we can continue
to have not only intellectual

01:18.300 --> 01:21.420
capital, but but monetary
capital here promoting our

01:21.420 --> 01:24.180
businesses, and find a way to
make sure that everyone in our

01:24.180 --> 01:27.660
city can, can can benefit from
it.

01:27.810 --> 01:30.240
Johny Fernandez: He also
stressed the city is open to all

01:30.240 --> 01:33.960
industries and opportunities
that bring good high paying jobs

01:33.960 --> 01:36.450
to Miami and want it to help
them succeed.

01:36.630 --> 01:39.120
Francis Suarez: How can I help
you? How can I help your

01:39.120 --> 01:42.420
company? How can I help your
workers? And how can I help you

01:42.420 --> 01:45.270
fulfill your dreams? Your future
and your goals?

01:47.190 --> 01:52.380
Ryan Rea: it here. And the tech,
the tech scene is growing. But

01:53.490 --> 02:04.470
there's not much and you have so
much more opportunity here

02:04.470 --> 02:07.680
because people really like it
like people here, they're

02:07.680 --> 02:10.200
welcoming to you, say they yes
please come down here, please

02:10.200 --> 02:11.190
build your business.

02:11.240 --> 02:13.490
Johny Fernandez: According to
Forbes, businesses like Goldman

02:13.490 --> 02:16.940
Sachs and private equity giant
Blackstone were relocating to

02:16.940 --> 02:21.860
Miami in 2021 and bringing more
than 200 tech focus jobs. In an

02:21.860 --> 02:24.650
interview Blackstone's chief
technology officers said the

02:24.650 --> 02:28.340
Magic City was chosen from among
a host of options thanks to its

02:28.340 --> 02:31.310
talent pool lifestyle and
proximity to New York.

02:31.580 --> 02:34.730
The Miami Association of
Realtors said that the COVID-19

02:34.730 --> 02:38.000
situation and the cold weather
will accelerate the process of

02:38.000 --> 02:41.870
bringing home buyers from New
York to Miami. Reporting here in

02:41.870 --> 02:44.390
Manhattan, I'm Johny Fernandez
with deBanked News.