1 00:00:00.330 --> 00:00:02.700 Johny Fernandez: Tech businesses nationwide continue to move from 2 00:00:02.700 --> 00:00:06.000 traditional big cities like New York City to other places with 3 00:00:06.000 --> 00:00:09.390 lower taxes and better quality of life. According to Forbes 4 00:00:09.390 --> 00:00:13.320 magazine in 2020, it's not only tech businesses, but also Wall 5 00:00:13.320 --> 00:00:14.850 Street firms and banks. 6 00:00:20.240 --> 00:00:23.270 Earlier this year deBanked headed to Miami to see how the 7 00:00:23.300 --> 00:00:26.450 industry was doing as COVID infections were on the rise. 8 00:00:27.020 --> 00:00:30.470 Despite the city slowly coming back to life, the fast cars, 9 00:00:30.470 --> 00:00:33.440 great food, and beaches for selling points for businesses 10 00:00:33.440 --> 00:00:35.420 down there to stay open and grow. 11 00:00:35.460 --> 00:00:37.680 Craig Hecker: So I think it taught us a lot. And I think 12 00:00:37.680 --> 00:00:42.960 that when you face challenges like like this pandemic, it 13 00:00:42.960 --> 00:00:47.130 really pushes you to reinvent yourself or reinvent certain 14 00:00:47.130 --> 00:00:50.760 parts of your business that you never thought were possible. 15 00:00:50.990 --> 00:00:53.240 Johny Fernandez: This week, Miami's Mayor Francis Suarez 16 00:00:53.270 --> 00:00:56.900 announced the city had its first growing tech sea meetup, city 17 00:00:56.900 --> 00:00:59.690 leaders met up with more than 200 people that were interested 18 00:00:59.690 --> 00:01:02.750 in transforming Miami into an international tech and 19 00:01:02.750 --> 00:01:06.230 innovation hub. He tweeted quote, Miami is driven by a 20 00:01:06.230 --> 00:01:09.470 diverse group of intelligent talented professionals who help 21 00:01:09.470 --> 00:01:11.540 make our city a global destination. 22 00:01:11.610 --> 00:01:13.770 Francis Suarez: You can hire people from Miami, you can bring 23 00:01:13.770 --> 00:01:18.300 people to Miami, we can continue to have not only intellectual 24 00:01:18.300 --> 00:01:21.420 capital, but but monetary capital here promoting our 25 00:01:21.420 --> 00:01:24.180 businesses, and find a way to make sure that everyone in our 26 00:01:24.180 --> 00:01:27.660 city can, can can benefit from it. 27 00:01:27.810 --> 00:01:30.240 Johny Fernandez: He also stressed the city is open to all 28 00:01:30.240 --> 00:01:33.960 industries and opportunities that bring good high paying jobs 29 00:01:33.960 --> 00:01:36.450 to Miami and want it to help them succeed. 30 00:01:36.630 --> 00:01:39.120 Francis Suarez: How can I help you? How can I help your 31 00:01:39.120 --> 00:01:42.420 company? How can I help your workers? And how can I help you 32 00:01:42.420 --> 00:01:45.270 fulfill your dreams? Your future and your goals? 33 00:01:47.190 --> 00:01:52.380 Ryan Rea: it here. And the tech, the tech scene is growing. But 34 00:01:53.490 --> 00:02:04.470 there's not much and you have so much more opportunity here 35 00:02:04.470 --> 00:02:07.680 because people really like it like people here, they're 36 00:02:07.680 --> 00:02:10.200 welcoming to you, say they yes please come down here, please 37 00:02:10.200 --> 00:02:11.190 build your business. 38 00:02:11.240 --> 00:02:13.490 Johny Fernandez: According to Forbes, businesses like Goldman 39 00:02:13.490 --> 00:02:16.940 Sachs and private equity giant Blackstone were relocating to 40 00:02:16.940 --> 00:02:21.860 Miami in 2021 and bringing more than 200 tech focus jobs. In an 41 00:02:21.860 --> 00:02:24.650 interview Blackstone's chief technology officers said the 42 00:02:24.650 --> 00:02:28.340 Magic City was chosen from among a host of options thanks to its 43 00:02:28.340 --> 00:02:31.310 talent pool lifestyle and proximity to New York. 44 00:02:31.580 --> 00:02:34.730 The Miami Association of Realtors said that the COVID-19 45 00:02:34.730 --> 00:02:38.000 situation and the cold weather will accelerate the process of 46 00:02:38.000 --> 00:02:41.870 bringing home buyers from New York to Miami. Reporting here in 47 00:02:41.870 --> 00:02:44.390 Manhattan, I'm Johny Fernandez with deBanked News.