Miami has become the preferred city for entrepreneurs compared to New York

Lower taxes, Better climate And The largest area in Miami compared to Manhattan These are the factors that drive more and more people and businesses to choose to move from them New York For this city in Florida. This is the case of the president and co-CEO of a financial company indexxxx, Rahul Sen SharmaWho revealed that his company and all of his employees chose to make this important change.

“Historically, we've only had one office New YorkBut in the time of the epidemic Covid-19 We opened a small office in Miami We quickly realized this It had very attractive advantages“, He said Sen Sharma In an interview with Interested in trade. “first and foremost, The tax structure is more favorable Whether from a personal or business point of view. And two, it is more than that Reasonably priced from a commercial point of viewAnd third, The cost of hiring employees It is also lower in terms of salaries.”

Sharma The same media confirmed this He will move to Miami In early 2024, a decision that says “maybe nothing” could deter him. The executive is already spending.”Important time” in Miamiand A The growing trend of financial companies And clients who imitate movement indexxxx To the south.

“I am watching Office opening and growth In the south Florida And in The east and west coast of FloridaHe pointed out. “I think based on everything I've seen, this growth is not only expected to continue, but it should be Relatively permanent“.

Personalities like Jeff Bezos to Amazon They announced that as well They will move their operations to this state for tax reasons. These movements coincide with A High current Money transfers to Floridais now considered a An effective and useful alternative For companies.

despite of New York A remains Heavy financial positionIts economic importance gives way to… The rise of the technology sector And the Decrease in tax revenue to Wall Street. “For a company like ours, which is skilled and flexible, we go where it is easier for us to do business. From a standpoint Corporate tax Or the Recruiting and retaining employees, Florida It seems to have more advantages at present than New YorkHe confirmed Sharma.

the Internal immigration in the United States It appears that many Americans are moving to Florida Studies show that New Yorkers with incomes of $650,000 can Saving about $200,000 annually In taxes and costs of living when moving to Miami.

During the period between July 2021 and July 2022, Florida Experienced A Population growth 1.9%It exceeds 22 million people and records the highest rate of increase among states United State. According to data from National censusaccording to interested in trade, This was the largest population increase in the state since 1957.

the Demographics in state Florida It has been increasing steadily since 1946. With the population increasing nearly ninefold since that year, Florida It attracted interested residents Hot weather and no taxes On personal income. Christy Wilderdemographic US Census DivisionHe highlighted the positive historical trend of growth in the state and stressed that the increase in… Distance working In recent years, it has also contributed to increasing the attractiveness of living there Florida.

Displacement towards also known as Sunshine casean estimated 320,000 Americans between 2021 and 2022 alone, representing the most significant net flow between the lower 49 states and Washington, DC..